[November 19, 2009] Callatay & Wouters Wins It One Award; Thaler Wealth Management on SaaS awarded 'Best Business Application' by the LuxembourgIT community Tweet (M2 PressWIRE Via Acquire Media NewsEdge) Brussels, -- Callatay & Wouters, a provider of core banking and multi-channel distribution solutions, and partner Clearstream Services S.A., a Deutsche Borse AG subsidiary, are pleased to announce that they have won for the second time, 'Best Business Application' in the annual IT One Awards for their joint Thaler Wealth Management on SaaS offering. The solution, elected by a panel of 50 CIOs, provides the benefits of best-of-breed core banking software without the risks and long timeframes involved in a full system replacement. In addition, the SaaS model supports financial institutions in complying with existing and upcoming regulations and provides the flexibility and scalability required to meet customer demands. Having entered a successful partnership in 2006, Callatay & Wouters and Clearstream Services S.A., secured several joint deals for this solution in Luxemburg and abroad including one with Dresdner Bank. Thaler Wealth Management is a fully integrated, modular, end-to-end solution that helps wealth, investment, and asset management firms serve all levels of affluent customers. Fully pre-configured and easy to implement, this powerful solution can support a wide range of customer preferences and investment choices. By automating routine front- and back-end tasks, it helps managers spend more time on value-added client service. In addition, Thaler adopts an enterprise service-oriented architecture (enterprise SOA) which offers the ability to integrate with third party solutions, and add a broad range of features and functionalities. Marc De Groote, CEO, Callatay & Wouters, comments: "Luxembourghas traditionally been, and continues to be, a financial centre of excellence in Europe. As such, we are particularly pleased to receive the IT One Award for our work carried out in the region. Over the last decade, the SaaS model has continued to build momentum and acceptance, as outsourcing climbs ever higher up the banking agenda. With its ability to provide improved customer service levels, streamlined operations and allow banks to not only control costs but also lower them by leveraging a common platform, it is clear why this is now the case. Working with partners such as Clearstream Services S.A., we are well placed to offer wealth managers the flexibility and scalability they need to address their priorities in this fast-changing economic landscape." About Clearstream Services S.A. Clearstream Services is the IT department of Clearstream, the settlement-delivery and securities conservation branch of the Deutsche Börse group, which is the largest stock market organisation in the world in terms of turnover and market capitalisation. Clearstream Services offering is based on 3 different pillars: IT Managed Services, ASP (Application Service Provision), and Swift services. In 2005, Clearstream Services was accredited by the Luxembourg Ministry of Finance as a Professional of the Financial Sector (PFS). About Callatay & Wouters Callatay & 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. Founded in 1983, Callatay & Wouters has a long history of delivering software solutions and services, including system integration, to the finance industry. Headquartered in Belgiumand with a presence in 15 countries, Callatay & Wouters serves some 40 clients, including retail, universal and private banks and financial institutions. Its client base includes BNP Paribas, National Savings & Investment, Commonwealth Bank Australiaand Rabobank. ((Comments on this story may be sent to [email protected])) (c) 2009 M2 COMMUNICATIONS [ Back To TMCnet.com's Homepage ]