The solution is designed to help banks reduce complexity, increase flexibility, lower costs and leverage leading core banking functionality to unify business processes using an integrated platform.

The strategic collaboration will deploy Callataÿ & Wouters' proven core banking product "Thaler" and SAP analytics capabilities on a business process platform for banks globally. The collaboration combines the strength of SAP applications and its platform for banks with the software excellence from Callataÿ & Wouters. Banks and their subsidiaries will be able to apply the integrated offering's scalability and homogeneous standards and services to be enabled to gain competitive advantage, control costs and maintain customer satisfaction.

"The proven technology and business process expertise delivered by SAP, combined with its robust global ecosystem of partners and integrators, is the reason we chose to deploy Thaler, our premier core banking solution, on the business process platform delivered by SAP for the banking industry," said Marc De Groote, CEO, Callataÿ & Wouters. "The success of our customers was top-of-mind when we formed this partnership. We believe this collaborative effort will make our customers more agile, more efficient and better able to compete in today's demanding market."

"The combined experience and knowledge from this partnership will give midsize banks the best of two worlds—enterprise strength and scalability as well as the nimbleness of smaller organizations," said Léo Apotheker, deputy CEO, member of the executive board and president, Global Customer Solutions and Operations, SAP AG. "Through this collaborative effort, banks will be able to tap into the business value of SOA delivered by the business process platform from SAP. Such banks will also be able to differentiate themselves for growth and profitability with an IT environment that is flexible and agile."