P&T Luxembourg goes live on Callatay & Wouters core banking platform
Callataÿ & Wouters, a leading provider of core banking and multi-channel distribution solutions, today announces that financial services division of P&T Luxembourg has implemented Thaler on SAP, a modular, scalable and highly flexible platform for retail banking.
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P&T Luxembourg is the leading postal and telecommunications services operator in Luxembourg and offers a range of financial services, including an e-banking solution. P&T Luxembourg chose Callataÿ & Wouters' Thaler on SAP as part of its plans to modernize and automate its core banking infrastructure thus enabling it to offer its customers a much improved multi-channel banking experience.
The implementation of Thaler on SAP will enable P&T Luxembourg to better service existing customers and attract new ones through online transaction channels, such as the internet and eventually mobile, while also reducing the actual cost of transactions. In addition, the new banking platform will allow P&T Luxembourg to launch new products to the market more quickly and easily, while also achieving an effective total cost of ownership.
Crucially, Thaler on SAP meets P&T Luxembourg's current needs as well as being sufficiently flexible to adapt to the organization's future requirements as the local retail banking landscape evolves. Thaler on SAP is fully integrated with all P&T Luxembourg business applications, which makes it the central key component of the Financial Services Division. The CCP-Connect (e-banking) interface provides an enhanced banking experience.
Paul Peckels, Director of the financial services division at P&T Luxembourg, comments: "The go-live of our new banking platform is a significant milestone in the company's development and will be integral to our customer service and multi-channel strategy. Thaler on SAP also provides a flexible, future-proof solution which enables us to automate a number of processes and achieve greater straight-through-processing (STP)."
Marc De Groote, CEO at Callataÿ & Wouters, said: "Thaler on SAP will enable P&T Luxembourg to control technology and operational costs and "future proof" existing technology investments, evolving in line with the business. P&T Luxembourg chose to work with Callataÿ & Wouters as we offer an innovative and proven core banking solution combined with a deep understanding of the local market requirements. This latest implementation in Luxembourg builds further on our credentials in Europe and demonstrates the strength of our core banking offering in this market."