July 16, 2018
Accenture to Implement New Core Banking IT System for Coventry Building Society
LONDON; July 16, 2018 – Accenture (NYSE: ACN) has been selected by Coventry Building Society, a top 10 UK savings and mortgage provider, as its delivery partner in a major transformation of Coventry’s core banking platform.
The program involves the implementation of a new system based on IRESS’s and Temenos’s core banking solutions, which will support the Society’s key business functions, including mortgage and savings origination, product management and customer servicing.
“Our growth strategy relies heavily on having a robust, member-oriented digital agenda,” said Peter Frost, Coventry Building Society’s chief operations officer. “Our engagement with Accenture, combined with the solutions provided by Temenos and IRESS, will deliver the foundation we need to remain agile and resilient in the years to come. This is a significant investment in our future, and we selected Accenture for both its understanding of our industry and track record in delivering core platform solutions.”
Karen Huish, a managing director in Accenture’s Financial Services practice in the UK & Ireland, said, “Accenture is delighted to work with Coventry Building Society in support of its core platform transformation program. This project brings together leading software, tools, assets and capabilities to facilitate realization of the Society’s vision for members and employees.”
Andre Israel, a managing director at Accenture who leads its core banking consulting practice, said, “Our expertise in banking and deep experience with core systems will help Coventry Building Society capitalize on its strategic opportunities. We’ve formed a trusted relationship with the Society and look forward to working with them to help develop their operations.”
About Coventry Building Society
Coventry Building Society is a leading UK building society, with a proud history and consistent record of success since its foundation in 1884. The Society has approximately 2,300 employees and provides services to over 1.8 million mortgage and savings members.
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 449,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
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Natalie de Freitas
+44 7988 165 382