Chorley Building Society in front-to-back office tech overhaul with TCS
UK-based Chorley Building Society has embarked on a front-to-back office technology transformation with Tata Consultancy Services (TCS).
Chorley Building Society modernises tech with TCS
The building society will implement the TCS Bancs core banking system, the vendor’s digital home lending solution for mortgage origination, and a mobile app.
It is a long-standing user of the ProVision lending system from domestic supplier Mutual Vision, to FinTech Futures’ knowledge.
Kimberley Roby, customer services director, adds that the society went through “an extensive selection process”.
Chorley Building Society was founded in 1859 to help local mill workers buy their homes, and 165 years later, the society says it “still remains true to its traditional, mutual values of providing an individual service to all its members”.
CEO Stephen Penlington states that “it was important to us that we found a partner that could support our ambitious growth plans, whilst sharing our core values”.
“We are delighted to have found this with TCS, who have the technology to deliver our digital transition and share an ethical approach to business.”
Chorley Building Society has assets of £406.3 million and three retail branches in England’s northwest, with its head office in Chorley, Lancashire.
TCS has been operating in the UK for nearly 50 years and employs 23,000+ people in the UK and Ireland. It provides a broad range of solutions and services to the financial services industry in the region, and counts Nationwide Building Society, Mansfield Building Society, London Mutual Credit Union, and Voyager Alliance Credit Union among its clients.
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