22 October 2017
visit www.response.ncr.com

Delta Lloyd Bank live with Thaler on SAP

14 July 2009  |  3300 views  |  0 Source: Callataÿ & Wouters

Callataÿ & Wouters, a provider of core banking and multi-channel distribution solutions, today announced that Delta Lloyd Bank has gone live with Thaler on SAP, its extended solution with analytics capabilities, to complete the existing core banking solution and replace the bank's general accounting system.

With this project, Delta Lloyd Bank extends its partnership with Callataÿ & Wouters by broadening the deployment of Thaler, the vendor's flagship banking system, beyond the existing core banking capabilities and adds modules for deposits, loans and treasury processing to the previously deployed Thaler components. With Thaler on SAP, Delta Lloyd Bank now also benefits from a state-of-the-art general and analytical accounting system, seamlessly integrated with the core banking operations handled by the Thaler platform.

Based in Belgium, Delta Lloyd Bank is a retail and private bank with over 252 branches and agents. The bank focuses on building trustworthy relationships with its affluent and wealth management clients by offering a broad range of simple and accessible products and services. Delta Lloyd Bank firstly went live with Thaler in 2004 to manage its securities, followed by loans and payments processing. Building on the strength of the existing relationship, Delta Lloyd Bank selected Thaler on SAP last year to replace its existing accounting system, and improve the efficiency and accuracy of its accounts reconciliation process.

Callataÿ & Wouters deployed Thaler on the SAP NetWeaver technology platform, which adopts an enterprise service-oriented architecture (enterprise SOA) offering the ability to integrate with third party solutions and easily adapt to new business requirements. In addition, bank analyser (BA) which is extensively used by Delta Lloyd Bank, SAP's general ledger (GL), and business intelligence (BI) components, which are embedded and pre-configured in Thaler on SAP offer maximum risk reduction. The integrated end-to-end solution facilitates a platform for data consistency and traceability across the whole banking application, improving the bank's efficiency in its day-to-day operations and facilitating the strategic decision-making process. This platform will look to provide a single source of truth to the bank, by storing operational, accounting and analytical data in one system, dramatically improving the bank's reconciliation processes. In addition, Thaler on SAP provides the bank with a comprehensive audit trail from general accounting to operational data, answering Delta Lloyd Bank's regulatory and internal reporting requirements.

The implementation, completed in June 2009, is the first Thaler on SAP deployment to go live. This follows the signing of a strategic partnership between Callataÿ & Wouters and SAP back in late 2007 to deliver SAP's solutions for finance and risk management integrated in the Thaler platform.

Piet Verbrugge, CEO, Delta Lloyd Bank, comments: "Thaler on SAP brings together two best-of-breed technologies offering us an effective one-stop-solution beyond core banking. This enables us to gain access to capabilities only tier one banks would otherwise be able to benefit from. We strongly believe that Callataÿ & Wouters' solutions will continue to deliver the highest level of support, helping us future proof our business and be ready to face the challenges that may arise."

Marc De Groote, CEO, Callataÿ & Wouters, adds: "As the regulatory landscape continues to change, it is crucial for banks to be able to have easy access to traceable and auditable data. With Thaler on SAP, banks such as Delta Lloyd Bank can benefit from the integration of two first-in-class solutions into a comprehensive and unique banking platform, thereby allowing them to build their future in full confidence. In addition, Thaler on SAP is an integrated end-to-end solution with pre-embedded and pre-configured SAP applications which provides banks with greater ease of implementation."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

Callataÿ & Wouters

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.vasco.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
13658 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
12544 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9632 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9327 views comments | 12 tweets | 23 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8642 views comments | 9 tweets | 18 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job