Tata Consultancy Services (TCS), an IT services provider, has partnered strategically with Mansfield Building Society in the UK to transform its business digitally.
TCS will deploy its state-of-the-art digital banking solution, TCS BaNCSTM for Core Banking, and its Digital Home Lending Solution, to enhance member and intermediary experiences and support Mansfield’s ambitious growth plans.
For over 200 years, UK building societies have operated as community-led financial institutions, serving over 26 million people with savings and mortgage offerings. Established in 1870, Mansfield Building Society has a steadfast member-centric philosophy.
TCS Digital Home Lending Solution will streamline the mortgage value chain from application to completion and beyond, ensuring Mansfield Building Society remains customer-centric, operationally resilient, future-ready, and compliant.
Iain Lister, IT Executive, at The Mansfield, said “We pride ourselves on our excellent service and personal approach and, therefore, finding a partner that can support our physical branch operation and provide a state-of-the-art digital experience is critical in ensuring that we meet the needs of all our members now, and in future. After a strenuous selection process, it was clear that there was only one solution which met all our requirements, especially when you consider TCS’ experience of delivering successful transformation programs, their ethical approach to business, and their relationship with existing clients which dovetails well with our mutual ethos and core values.”
TCS BaNCSTM for Core Banking will accelerate the Building Society’s digital transformation, providing a truly enriched digital experience for members.
Amit Kapur, Head of UK & Ireland, TCS said, “We are happy that the Mansfield Building Society has selected us for this transformative program. TCS BaNCSTM and TCS Digital Home Lending will provide Mansfield Building Society with a best-in-class and modern banking solution that will help them meet their members’ growing expectations in the online savings and mortgage lending space, while retaining their personal approach which is centered around the customer. This partnership strengthens our presence in the building societies sector which is reinforced by our strong track record of providing transformative solutions to the credit union and other organisations across the UK.”
TCS’ solutions will help Mansfield Building Society grow its mortgage and savings customer base by providing a flexible and efficient solution. This will also make it easier for both customers and mortgage intermediaries to work with the Building Society.
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