The U.K. Financial Services Authority (FSA) has selected Cognizant as a key supplier under the strategic outsourcing framework agreement. The FSA will be able to develop relationships with key third-party suppliers, improve the scope of services it outsources and ensure greater value for money. Cognizant will provide services to areas, covering solutions consultancy, application development, application maintenance, testing as well as web design and hosting. Initially, it will support a key market surveillance application used by the FSA to monitor compliance with the markets in financial instruments directive.

Click here for the release from Cognizant.