Coventry Building Society in technology overhaul, looks for new core banking system
UK-based Coventry Building Society is believed to have embarked on a tech modernisation project and is looking for a new core system.
A spokesperson for Coventry Building Society told Banking Technology that it “is not currently in a position to comment on this”.
Coventry Building Society is the third largest in the UK, with total assets of more than £34.1 billion, 1.4 million members with savings accounts and 350,000 members who are borrowers.
It is a long-standing user of the Mortgage and Savings Suite (MSS) from Sopra Banking Software for its core processing and FIS/Sungard’s Ambit Treasury Mangement/Quantum system for treasury operations, Banking Technology understands.