Axis Bank and Cognizant Launch AMS 2.0 to Enhance Application Management
Axis Bank, one of India's largest private sector banks, has partnered with Cognizant (NASDAQ: CTSH) on its AMS 2.0 initiative aimed at strengthening application management through automation-led operations. The program is designed to improve delivery governance, operational consistency, and the adoption of automation across support services for Axis Bank’s stakeholders. AMS 2.0 focuses on enhancing service reliability, cost efficiency, productivity, scalability, and standardized processes while emphasizing compliance and governance. This collaboration supports Axis Bank's broader technology transformation strategy by building a scalable IT operating model that enhances system reliability and stakeholder experience. The partnership is part of a five-year agreement covering key business areas such as Branch Operations, Cards, Corporate Banking, Payments, Finance, Retail Banking, Data Platforms, and Integration. Avinash Raghavendra from Axis Bank highlighted the initiative's role in creating resilient operations enabled by automation, while Ganesh Ayyar from Cognizant emphasized disciplined service delivery and governance-led operations to improve efficiency.
Tickers: $CTSH
Topics: AI application management services banking technology transformation IT operations