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

Experian Launches Credit Score App in ChatGPT, Enhancing Financial Access

New tool enables users to check credit scores effortlessly via ChatGPT.Highlights: Experian's app allows users to check credit...

US Senate Passes Bill Banning Issuance of CBDCs

Legislation aims to restrict the development of digital currencies by the Federal Reserve.Highlights: The US Senate approved a...

Truist Expands Open Banking Offerings with Plaid Partnership

Collaboration aims to enhance customer access to financial services.Highlights: Truist collaborates with Plaid for open banking expansion.The partnership...

UK’s National Fraud Database Reports 444,000 Fraud Cases in 2025

Cifas reveals a significant rise in reported fraud incidents across the UK.Highlights: Cifas reported 444,000 fraud cases in...