Partnership20 Mar 2025, 09:39 pm
TCS Partners with The Cumberland Building Society to Transform its Core Banking Solution
AI Summary
Tata Consultancy Services (TCS) has partnered with The Cumberland Building Society in the UK to modernize its core banking ecosystem. TCS will deploy its digital banking solution, TCS BaNCS™ for Core Banking, along with TCS Digital Home Lending Solution and Quartz for Compliance. This partnership aims to enhance customer experience, future-proof banking infrastructure, and provide an integrated core banking ecosystem featuring TCS COIN™ and the TCS BaNCS Marketplace.
Key Highlights
- TCS to modernize The Cumberland's core banking ecosystem with its digital banking solution and third-party technologies.
- The partnership aims to enhance customer experience, future-proof banking infrastructure, and provide operational efficiency.
- TCS to provide an integrated core banking ecosystem featuring TCS COIN™ and the TCS BaNCS Marketplace.
- The Cumberland's customers will benefit from greater flexibility in managing their finances, whether online, by phone, or in-branch.
- TCS supports five of the top 10 building societies in the UK, with 20 British financial institutions now leveraging TCS BaNCS™.