BankingBusinessCloud

Mansfield Building Society in core banking tech overhaul with TCS

  • Mansfield Building Society partners with Tata Consultancy Services (TCS) to modernize its software.
  • The society will migrate from its on-premise system to TCS Bancs cloud-based core banking system and Digital Home Lending solution.
  • The new platform replaces the legacy Mortgage and Savings Suite (MSS) from Sopra Banking Software.
  • Sopra Banking Software was recently acquired by Axway for €330 million.
  • Iain Lister, Mansfield’s IT executive, praises TCS for its experience and alignment with the society’s values.
  • Mansfield Building Society, founded in 1870, has £485 million in assets, four branches, and around 70 employees.
  • TCS has been operating in the UK for nearly 50 years, serving clients such as Nationwide Building Society and London Mutual Credit Union.
Previous article
Form3 bags $60m Series C extension with new investor British Patient Capital
Next article
Form3 bags $60m Series C extension with new investor British Patient Capital
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...
FinTech

Visa Launches AI-Powered Dispute Resolution Tools

New tools aim to streamline resolution of payment disputes.Highlights: Visa introduces AI tools for payment dispute resolution.The new...
FinTech

UK Fintechs Vibepay and SmartLayer Shut Down

Both companies cease operations amidst challenging market conditions.Highlights: Vibepay and SmartLayer have officially ceased operations.The closures are attributed...
FinTech

Visa and Ramp Boost Bill Pay Automation with Agentic AI

New integration aims to streamline corporate expense management processes.Highlights: Visa and Ramp announce partnership to automate corporate bill...