Cognizant and Haystac execute strategic teaming agreement

Partnership will bring advanced content analytics and AI to digital transformation projects in Banking/Financial Services & Insurance (BFS &I)

BOSTON, MA — October 19, 2021 — Cognizant Technology Solutions, one of the world’s leading professional services companies, and Haystac, a content analytics software provider, executed a strategic teaming agreement aimed at delivering AI and Analytics solutions to the Banking/Financial Services & Insurance (BFS & I) verticals globally. Initial high value use cases already introduced to customers as part of this agreement include claims and underwriting automation as well as data extraction for underwriting risk analysis and mitigation. Under the terms of the agreement, Haystac is now a preferred Cognizant AI & Analytics technology partner while Cognizant is now a Haystac preferred service provider.

Haystac is the creator of the Indago™ Content Intelligence Platform, a comprehensive and scalable content analytics solution powered by AI. The Indago platform was identified by Cognizant as leading edge for its BFS & I offerings because of its proprietary Neural Network (NN) and Machine Learning (ML) capabilities that accurately classify and extract data using unique visual recognition across a wide range of content types, including electronic text, scanned images and video.

The Indago platform is used in a variety of industries, including BFS & I, with diverse use cases including intelligent process automation, data migration to the cloud, data governance and security, regulatory compliance, e-discovery, and more. Indago accurately analyzes, organizes and extracts unstructured data from any data source, delivering clean and actionable data for multiple enterprise requirements.

“Haystac is pleased to have been recognized by Cognizant as a strategic technology partner to deliver AI-powered unstructured data solutions for digital transformation projects,” said Haystac CEO Barak Tsivkin. “Cognizant is recognized by Gartner as a world leader in Digital Transformation for BFS & I, and we are excited to have Indago adding advanced machine and neural network powered capabilities to Cognizant’s solutions framework in BFS & I.”

About Cognizant

Cognizant (Nasdaq-100: CTSH) is one of the world’s leading professional services companies, transforming clients’ business, operating and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered in the US, Cognizant is ranked 185 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com or follow us @Cognizant.

About Haystac

Headquartered in Boston, Massachusetts, Haystac created the Indago™ Content Intelligence Platform, an AI-driven cloud solution using innovative deep learning and data science methods to produce superior results. Our platform helps customers to solve information management, security, privacy, and governance challenges across multiple business use cases. For more information, visit us online at www.haystac.com.

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