Callataÿ & Wouters, a leading provider of core banking and multi-channel distribution solutions, today announces that it is implementing Thaler Wealth Management at Banca popolare dell'Emilia Romagna (Europe) international s.a, a private bank based in Luxembourg.
Working alongside its Swiss consultancy partner, TeamWork, Callataÿ & Wouters expects Thaler Wealth Management to provide the bank with improved automation for Swift messaging and enhanced Straight-Through-Processing (STP) for order management, cash transfers and corporate actions.
Banca popolare dell'Emilia Romagna decided to upgrade to Thaler Wealth Management as they were seeking a more fully integrated modern solution. Their current system no longer met their international requirements and growth ambitions. Thaler Wealth Management will offer the standard banking, wealth, asset and investment management support with the flexibility required to handle a full range of products, tariffs, and reports. Callataÿ & Wouters' partnership with TeamWork also means that Banca popolare dell'Emilia Romagna will benefit from a smooth replacement project since the consultancy is familiar with the banks previous, (Newbanking), solution.
Callataÿ & Wouters' agreement with TeamWork will also see the consultancy helping to market Thaler to Swiss Newbanking users. TeamWork has used its prior experience to build data extraction and other migration tools for Newbanking.
According to Enrico Gorla, General Manager at Banca popolare dell'Emilia Romagna, "The joint offering of Callataÿ & Wouters' Thaler with TeamWork's consultancy was a compelling proposition for us. Thaler Wealth Management provides the bank with rich functionality with modules covering Model and Bank Portfolios and Securities Options. The greater automation offered by the solution will also help reduce our risk and allow us to focus more on client service. At the same time, our project team includes consultants from TeamWork who are familiar with our former system and will ensure a seamless migration to our new wealth management solution."
Marc De Groote, CEO at Callataÿ & Wouters, added: "This is a significant project win for our team in Luxembourg and demonstrates the flexibility of Thaler. Wealth management is a strong growth area for Callataÿ & Wouters this year and we are continually looking at ways of enhancing Thaler Wealth Management and to consolidating our position as a leading vendor within the Luxembourg market."