As published in Banking Technology (http://www.bankingtech.com/)

India-based core banking tech provider TCS Financial Solutions has gained its third live site among the UK credit unions for its Bancs core banking system. London Mutual Credit Union has gone live with the new cloud-based system.

“With this landmark, London Mutual has become the first credit union in the UK to offer current accounts services to its customers,” a spokesperson from TCS states.

It follows in the footsteps of two Scottish entities, Capital Credit Union and Scotwest, who were the first amongst UK credit unions to sign for the Bancs platform (this was back in 2010).

Read the complete news here.

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