Scotwest and Capital Credit Unions selected Tata Consultancy Services BaNCS
to address emerging opportunities in Community Banking in the United
Kingdom.
Cussco, the joint company
set up by both these credit unions, will deploy the common platform and support
its entire IT architecture throughout the UK to serve its existing customers as
well as seek growth avenues, as new regulations open more opportunities in
community banking.
“To offer competitive and
compelling products while retaining the ethos of a credit union is a challenge
that can be overcome by using a smart core system like TCS BaNCS. We can now
expand our customer base while boosting the overall speed and quality of
customer transactions,” said Rod Ashley, CEO Scotwest Credit Union.
While changing the overall
experience of customers by offering state-of-the-art banking, this
transformation program will help Cussco move into newer geographies and tap
into opportunities that open up with the evolving regulations in the UK.
Credit unions are
constantly seeking ways to quickly enhance their agility at an affordable
cost. To that end, TCS BaNCS is hosted on an infrastructure provided by
Tata Communications Limited, another Tata Group company.
“This selection by Cussco
is proof point of TCS BaNCS scalability. While serving the needs of the largest
banks around the world, TCS BaNCS also can wrap around the needs of niche
credit unions and enable them to be agile and competitive. It is my belief that
technology is more useful only when it serves a purpose like Inclusive Banking
that empowers more people in the society,” said N. Ganapathy Subramaniam,
president, TCS Financial Solutions.
Recently, Tata Consultancy Services announced that Westpac Life has selected TCS BaNCS Insurance to assist the financial institution to upgrade and
transform its Life Insurance software platform.
By Telecomlead.com Team
editor@telecomlead.com
