New Delhi, March 21, 2025: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting, and business solutions 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 BaNCSTM for Core Banking, TCS Digital Home Lending Solution, and Quartz for Compliance, to drive innovation and operational efficiency.

Established in 1850, the Cumberland is among the UK’s top 10 Building Societies. The Cumberland manages assets worth £3.2 billion, with a mortgage lending portfolio of £2.6 billion across 31 branches in Cumbria, Northumberland, Lancashire, and southwest Scotland. The partnership with TCS will help Cumberland enhance its customer experience and future-proof its banking infrastructure. TCS will provide an integrated core banking ecosystem featuring TCS COIN™ (Co-Innovation Network™) and the TCS BaNCS Marketplace, enabling 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.

Des Moore, Chief Executive at The Cumberland, said, “This partnership is about more than technology—it’s about aligning with a company that shares our values and commitment to customers, colleagues, and communities. For 175 years, our customers have been at the heart of everything we do. Ultimately, this transformation ensures we remain a strong and sustainable Society for the next 175 years. Our colleagues are excited to be working with TCS to provide a resilient modern banking solution for the benefit of our customers.”

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 decisions.

Amit Kapur, Head of UK & Ireland, TCS said, “We are delighted to partner with The Cumberland on its ambitious transformation journey. Our proven solutions will help create a seamless, flexible digital banking experience and our partnership will reinforce operational resilience and efficiency to support The Cumberland’s continued success. This partnership reflects our strengthening presence in the building societies sector, which is built on our strong track record of providing transformative solutions to credit unions and other financial services organizations across the UK.”

TCS supports five of the top 10 building societies in the UK, with 20 British financial institutions now leveraging TCS BaNCSTM. This solution has enabled these institutions to modernize legacy systems, improve member experience, and drive operational agility. By leveraging cloud-native, API-driven, and AI-powered banking solutions, TCS is helping UK building societies transition to a more resilient and future-ready banking model while ensuring compliance with evolving regulatory standards.

TCS set up operations in the UK 50 years ago and now works with 200 of the region’s best-known and most-loved businesses, including around half of the FTSE100. With its deep industry expertise and an employee strength of 24,000 people in the UK and Ireland, TCS holds a leadership position in software and IT services in the market. It has also been ranked the number one IT service provider for customer satisfaction in an independent survey of CIOs of the largest IT spending organizations in the UK.

New Delhi, 21 March 2025: EY, the leading professional services organization, announced the winners of ‘Techathon 5.0: Harnessing AI to transform Bharat’. This year’s EY Techathon 5.0 showcased students developing Generative AI (GenAI) based solutions to address real-world challenges in sectors such as education, healthcare, BPM/BPO, financial inclusion, and citizen services, thereby contributing to Bharat’s progress. With over 1.5 lakh+ individuals registering, the competition attracted more than 6,500 team submissions from colleges across the country.

Team CaseWizz (Siddharth Asthana, Sanyam Jhuria, and Ayush Sikarwal) from IIT Kharagpur bagged the winning trophy of EY Techathon 5.0 for showcasing their creatively designed AI-powered financial assistant names V.A.R.U.N (Voice Assistant for Rural Users’ Needs). Throughout the challenge, they consistently demonstrated innovative product design keeping customer at the centre, new age architecture drive approach, delivering tangible benefits to end users.

Team SE827 (Dastageer Siddiqui and Arun Bhattachrya) from Kalinga Institute of Industrial Technology (KIIT), Bhubaneswar secured the runner-up position for their exemplary work in developing Polyphen; an AI-powered mobile health platform for visiting physicians, that will enable efficient rural healthcare with online/offline patient registration, QR-based history access, and AI-driven chronic disease prediction.

The People’s Choice Award was clinched by team Catalyst (Tejaswini Atluri, Pabitha Kommineni, Rishik KNR, and Akshay Pulla) from Vallurupalli Nageswara Rao Vignana Jyothi Institute of Engineering & Technology, Telangana. The team garnered maximum number of votes from individuals and tech enthusiasts nationwide, who casted their votes for their most preferred entries in the competition.

Mahesh Makhija, Partner and Technology Consulting Leader, EY India, said, “As emerging technologies like GenAI reshape businesses, our focus remains on nurturing talent that can solve real-world challenges and propel India’s leadership on the global stage. EY Techathon exemplifies our commitment by fostering the next-generation leaders who can drive meaningful innovation. This year’s participants demonstrated not only a strong grasp of emerging technologies like GenAI but also the ability to apply them to solve real-world industry challenges. The ingenuity and problem-solving mindset of India’s tech professionals reinforce our belief in the country’s potential to shape the future of technology.”

Techathon is a key component of EY Technology Consulting’s undergraduate outreach program, aimed at nurturing and recruiting talented young professionals to join over 15,000 technologists and data scientists at EY in India.

Raghavendra Rengaswamy, Consulting Leader, EY Global Delivery Services (GDS) added, “EY Techathon 5.0 has been a remarkable showcase of talent, innovation, and problem-solving excellence. I congratulate the winners as well as the participants of the event. The creativity and depth of AI-driven solutions presented by them have been truly inspiring, demonstrating the potential to transform Bharat at scale. At EY GDS, we are committed to harnessing technology for meaningful impact, and this event reaffirms our dedication to driving AI-led innovation that shapes a smarter, more sustainable future. The passion and ingenuity displayed here today are a testament to the limitless possibilities when technology and purpose come together.”

The winners were announced at the Grand Finale held in Bengaluru, where an independent jury evaluated the solutions presented by the shortlisted finalists. The jury comprised Abhijit Khasnis, VP Technology, HealthifyMe; A. Prashanth, Executive Director, Bosch Mobility Platform & Solutions, India; Debashis Singh, Chief Information Officer, Persistent Systems; Dr. Harsha Rajaram, CEO, Aster Digital Health, India; Praveen Shrikhande, Chief Digital and Information Officer, Aditya Birla Fashion and Retail Ltd.; Rakesh Bhardwaj, Global CIO, Lupin; Mohua Sengupta, GCC Leader; Alok Gupta, Chief Solutions and Product Officer, EkStep; Shashidhar Lingaraj, Executive Director and Head, Arcolab; Sudeep Dey, Chief Information Officer, Healthcare Global Enterprises Limited; Sajid Ahmed, Technology Leader; along with Mahesh Makhija, Partner and Technology Consulting Leader, EY India and Raghavendra Rengaswamy, Consulting Leader, EY GDS.

The winning team received a cash prize of INR 3,00,000 while the runner-up team was awarded INR 2,00,000. The winners will also receive mentorship by EY Leadership to develop strategic solutions for global enterprises.