Cognizant will provide infrastructure, data,
and testing services to support the credit union's
transformation for the next five years.
TEANECK,
N.J., June 27, 2024 /PRNewswire/
-- Cognizant (NASDAQ: CTSH) announced today a new
agreement with Texas Dow Employees Credit Union (TDECU), the
largest credit union in Houston
and the fourth largest in Texas,
to accelerate its 'Run the Business' transformation journey.
Cognizant, a global leader in digital transformation, will be
leveraging its Neuro® IT Operations platform, an AI-driven
automation solution, to transform TDECU's enterprise infrastructure
and technology, enhance the credit union's operational efficiency
and resilience and achieve cost savings over the next five
years.
"TDECU is on a path of rapid growth and change, and we realize
the need for secure, scalable, redundant and robust solutions for
our Members and employees," said TDECU's Chief Information and
Technology Officer Ashish Chopra.
"With Cognizant's expertise and experience, we will be able to
accelerate our transformation, optimize our operations, and offer
more value to our Members."
As part of the agreement, Cognizant will also support TDECU's
data and testing capabilities to reinforce its roadmap of
delivering innovative products and services faster to its Members,
thereby reducing the time-to-market. These initiatives aim to
enable the not-for-profit financial institution to further enhance
customer experience and its data platform's quality and
scalability.
This strategic relationship also seeks to accelerate TDECU's
transformation journey by leveraging Cognizant's global
capabilities and experience in modern technologies, powered by AI
tools such as Cognizant's Neuro™️ AI and Flowsource™️, to drive
innovation, improve productivity and enhance member experience.
"We are delighted to work with TDECU, one of the most
progressive and member-focused credit unions in the country, to
help them achieve their transformation goals," said Nageswar Cherukupalli, Senior Vice President
& Business Unit Head of Banking & Capital Markets and
Strategic Initiatives of Cognizant. "We look forward to leveraging
our deep domain knowledge, digital capabilities and industry best
practices to help TDECU enhance its Member experience, operational
efficiency and business performance."
About Cognizant
Cognizant (Nasdaq: CTSH) engineers
modern businesses. We help our clients modernize technology,
reimagine processes and transform experiences so they can stay
ahead in our fast-changing world. Together, we're improving
everyday life. See how at www.cognizant.com or
@cognizant.
About Texas Dow Employees Credit Union
Founded
in 1955, TDECU is a not-for-profit financial cooperative with more
than 387,000 Members and over $4.8
billion in assets. TDECU currently has 39 service locations,
including 35 Member Centers, and offers a complete selection of
convenient, innovative, and competitive products and services,
including a full suite of deposit products as well as mortgage,
auto and personal loan products, online and mobile banking. TDECU
also offers, through its subsidiaries, retirement planning and
wealth management, personal and business insurance products.
Members can also access a worldwide network of over 55,000
surcharge-free ATMs. For more information visit TDECU.org or call
(800) 839-1154.
Contact: Katrina
Cheung, katrina.cheung@cognizant.com
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SOURCE Cognizant Technology Solutions Corporation