Tata Consultancy Services (TCS) has partnered with The Cumberland Building Society in the UK to modernize its core banking ecosystem. Through this collaboration, TCS will deploy its state-of-the-art digital banking solution, TCS BaNCS for Core Banking, along with TCS Digital Home Lending Solution, and Quartz for Compliance, to drive innovation and operational efficiency.
Established in 1850, the Cumberland is among UK’s top 10 Building Societies. The Cumberland manages assets worth 3.2 billion pound, with a mortgage lending portfolio of 2.6 billion pound across 31 branches in Cumbria, Northumberland, Lancashire, and southwest Scotland. The partnership with TCS will help The Cumberland enhance its customer experience, and future-proof its banking infrastructure. TCS will provide an integrated core banking ecosystem featuring TCS COIN (CoInnovation Network) and the TCS BaNCS Marketplace, enabling the society to adopt cutting-edge third-party solutions. The Cumberland’s customers will benefit from greater flexibility in managing their finances, whether online, by phone, or in-branch.
By integrating TCS solutions and strategic third-party technologies, TCS will provide The Cumberland with a resilient and future-ready ecosystem that leverages Open Banking and Data Standards for fraud mitigation, customer communication management, and credit decisioning.
TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses. TCS offers a consulting-led, cognitive powered, integrated portfolio of IT, business & technology services, and engineering.
| Company Name | CMP |
|---|---|
| TCS | 3604.45 |
| Infosys | 1570.40 |
| HCL Tech. | 1590.95 |
| Wipro | 262.10 |
| Tech Mahindra | 1418.00 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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