Attijariwafa Bank is using Thaler modules which will help calculate and manage all types of interest and costs - including credit and debit interest, overdraft charges and service costs, which represent more than 50 per cent of Attijariwafa's net income. The implementation was completed with Callataÿ & Wouters' local partner, Omnidata.

The new system replaces an ageing in-house application that could not calculate some types of fees and was proving difficult to maintain. Thaler provides Attijariwafa Bank with speed and flexibility in setting interest and fee parameters across customer accounts allowing the settlement of accounts either on demand or on a monthly basis. Thaler also supports the rapid introduction of new products which is important in today's changing banking market in Morocco. Thaler has already facilitated the launch of two new products for the bank - a higher education saving scheme for fees and accommodation.

"Callataÿ & Wouters offered the most comprehensive and flexible solution for account settlement," explains Hassan El Bedraoui , DSI (Directeur des Systèmes d'Information) at Attijariwafa Bank. "Thaler enables us to both respond to market demands by launching new products quickly and also manage interest and fees more efficiently. As a result, Callataÿ & Wouters has helped us modernise the complete process of interest management and proved the best fit for our business."

Marc De Groote, CEO at Callataÿ & Wouters, adds, "Attijariwafa Bank is our first go-live in Morocco and reflects the truly international nature of our business as we continue to expand into the French speaking market. As in many other markets, the Moroccan banking landscape is undergoing huge change and financial institutions are under pressure to modernise their legacy technology to meet evolving market and customer demands. Thaler will help Attijariwafa Bank manage this change and we expect it to deliver the bank a quick return on investment."

Thaler runs on Unix and Z/OS, allowing Attijariwafa Bank to use the new solution on its existing Unix platform and easily migrate to Z/OS when the bank moves to the new operating system in 2012.