"It will also ensure our customers get greater and faster access to innovative products and a consistently good customer experience every time they bank with us."

Whitehead said TCS was awarded the contract following a "rigorous selection process" and CUA is confident it will be able to deliver a world-class core banking system that will meet its needs for years ahead.

TCS Financial Solutions president N. Ganapathy Subramaniam said the BaNCS core banking solution will assist in driving new product development and improve efficiencies for CUA.