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.
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

NatWest Group Strengthens Free Investment Guidance Programme

New initiative aims to educate more customers on investing.Highlights: NatWest Group expands free investment guidance programme.Initiative targets educating...

Tether Launches New Stablecoin Wallet to Enhance User Experience

This innovative platform aims to improve accessibility for crypto users.Highlights: Tether has introduced a new stablecoin wallet.The wallet...

FCA Strengthens Money Laundering Combat with Synthetic Dataset

New collaboration aims to enhance detection capabilities against financial crime.Highlights: FCA partners with Turing Institute to combat money...

Spektr Strengthens Compliance Efforts with $20M Funding

Fintech startup Spektr secures $20 million for AI-driven compliance solutions.Highlights: Spektr raises $20 million to enhance its AI...