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Callatay & Wouters launches Thaler Direct Savings Bank.

TELECOMWORLDWIRE-6 August 2008-Callatay & Wouters launches Thaler Direct Savings Bank(C)1994-2008 M2 COMMUNICATIONS LTD

Callatay & Wouters, a provider of core banking and multi-channel distribution solutions, announced on 6 August the launch of Thaler Direct Savings Bank, a front to back office internet banking solution.

The software, available either for purchase or as a Software as a Service, allows banks to implement an internet banking solution in a short period of time and attract a potential new source of funds. The software includes functionality for deposits, loans, securities, treasury and payments as well as dedicated front-office modules such as an intuitive user interface.

Callatay & Wouters developed Thaler Direct Savings Bank as a result of its work with Rabobank International Direct Banking (IDB), the internet retail banking division of the Dutch Rabobank Group. IDB sought to become the direct bank of choice for financially self-directed customers and turned to Callatay & Wouters to implement a complete front-to-back office internet banking system. Within just 14 weeks of signing the deal with Callatay & Wouters, Rabobank IDB launched its pilot on-line branch, running on Thaler, in Belgium in 2002. This was followed by an aggressive rollout to four additional countries by 2007, all of which were new regions for the bank.

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Date:Aug 6, 2008
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