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HCL Technologies to provide C&W's Thaler on SAP and z/OS news
11 June 2010

IT services provider HCL Technologies Ltd yesterdaysaidd that it had formed a strategic partnership with retail-focused IT solutions provider Callatay & Wouters (C&W), whose multi-channel core banking solution Thaler HCL will deliver on SAP and z/OS, to retail banks globally.

Thaler on SAP offers an integrated core-banking, accounting, and risk-management solution for banks, with dedicated functions for handling core-banking products and operations (including customer management, deposits, loans, payments, and securities management), supporting front-office activities such as direct banking or branch management, managing back-office processes and dealing with finance and credit risk management, as well as reporting functions. The partnership will also deliver Thaler on z/OS, the core banking on mainframe solution.

This will provide a centralised, enterprise-level repository for customer information, allowing banks to improve customer service, compliance and operational efficiency, while also providing scalability to support business growth.

Founded in 1983, the Belgium-headquartered Callata˙ & Wouters is a provider of scalable, end-to-end core banking technology and applications that deliver back office functionality as well as dedicated front office capabilities including multi-channel distribution.

HCL said in a statement that the alliance will combine HCL's deep systems integration, product implementation, consulting and support expertise with C&W's multi-channel offering, which can be run as an integrated end-to-end solution to cover the entire range of core-banking activities or on a modular basis to support individual lines of business.

Marc De Groote, CEO, Callatay & Woulters commented:''This agreement is an important addition to our focus on building partnerships across the core banking sector. HCL have significant experience within financial services space and an unrivalled track record of providing best in class service to their customers. The partnership is an exciting opportunity to expand our offering and further grow our customer base globally.''

Premkumar Seshadri, Senior Coporate Officer and President, Financial Services & Healthcare at HCL commented: ''At HCL we are committed to providing customers with the optimal technology platforms aligned to their business goals.

We firmly believe that our alliance with C&W will add breadth and depth to our capabilities. C&W has developed market leading technology that creates considerable value for its global financial services customers and we look forward to being able to offer these solutions to banks globally.''

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HCL Technologies to provide C&W's Thaler on SAP and z/OS