TCS says two UK-based credit unions move to its cloud banking solution

Tata Consultancy Services (TCS), India’s largest IT services firm, said Manchester-based Voyager Alliance Credit Union and its associate entity, Retail Credit Union, have moved to its cloud banking solution called TCS BaNCS Cloud for Banking to digitally transform their core banking operations and enable faster payments.

TCS said that Voyager Alliance Credit Union in order to attract new savers wanted to adopt digital capabilities to expand the range of their product and service offerings and enable open banking to connect with a wide range of partners and grow its ecosystem.

TCS said the companies selected TCS BaNCS Cloud for Banking to drive this transformation since it has the “richest collection of API-enabled components in a SaaS model addressing retail, corporate, private banking and wealth management, including digital banking for all segments.”


“The TCS partnership and a high-performance solution like TCS BaNCS has helped Voyager Alliance migrate from the existing Cornerstone platform within a very short time, providing our customers a superior experience while ensuring our operational stability,” said Joe Hegarty, CEO at Voyager Alliance Credit Union.

He added that the solution is future-ready as it supports open banking, faster payments and gives the company the ability to serve its members better and grow its membership volumes in a short period.