Cognizant Partners with Axis Bank to Enhance Application Management through AMS 2.0 Initiative

Cognizant Partners with Axis Bank for AMS 2.0

In a significant move to advance application management capabilities, Cognizant (NASDAQ: CTSH) has teamed up with Axis Bank, one of India’s foremost private sector banks. The partnership aims to implement Cognizant's Application Management Services (AMS) under the Bank’s AMS 2.0 initiative, marking a pivotal step in enhancing user experience, efficiency, and productivity.

As of September 17, 2026, the AMS 2.0 initiative aims to fortify delivery governance, improve operational consistency, and hasten the adoption of automation in application support services. This structured program is built on automation-led practices designed to boost service reliability and cost efficiency. It also provides robust productivity, scalability, and standardized processes, with a strong emphasis on governance, compliance, and operational discipline.

The AMS 2.0 initiative is a fundamental component of Axis Bank’s larger technology transformation journey. It reflects the bank's strategic commitment to building a scalable and resilient IT operating model. The goal is to facilitate business growth, enhance system reliability, and ensure a superior experience for all stakeholders across crucial banking platforms.

Under a five-year agreement, Cognizant will collaborate with Axis Bank to support systems across various business domains, including Branch and Operations, Corporate Banking and Treasury, Core Platforms and Payments, as well as Finance and Accounting. This partnership signifies Cognizant’s commitment to aiding Axis Bank in navigating the complexities of application management while fostering an environment optimized for automation.

Avinash Raghavendra, Group Head of Information Technology Retail Operations at Axis Bank, emphasized the importance of the AMS 2.0 implementation: “The initiative is part of our efforts to cultivate a more resilient, scalable, and automation-enabled operations model. Cognizant has been a crucial partner during this transition, assisting us in managing a complex application environment. We are excited to work with them to enhance our operational effectiveness in alignment with our evolving business and technology needs.”

Ganesh Ayyar, President of Asia Pacific and Japan at Cognizant, shared similar sentiments: “We are thrilled to partner with Axis Bank on the AMS 2.0 initiative. Our teams are dedicated to meeting the bank’s application management needs through disciplined service delivery and governance-led operations while responsibly utilizing automation to enhance stability and efficiency.”

About Axis Bank

Axis Bank stands as one of the largest private sector banks in India, delivering a wide array of financial services to varied customer segments. As of June 30, 2026, the bank has established a vast network comprising 6,295 domestic branches and over 12,500 ATMs and cash recyclers nationwide. Additionally, the Axis Group encompasses several entities, including Axis Mutual Fund, Axis Securities, and Axis Finance, showcasing its diverse operational portfolio.

About Cognizant

Cognizant is recognized as a leading technology services provider focused on leveraging AI to bridge the gap between investment and enterprise value. By delivering full-stack AI solutions tailored to client needs, Cognizant utilizes its extensive expertise to embed relevant industry contexts into technology systems, thus improving human potential and generating significant returns in today’s fast-evolving business landscape. For more information, visit Cognizant.