FRSGlobal and Callataÿ & Wouters partner to offer a regulatory reporting platform with Thaler

10 December 2008

FRSGlobal, the only global provider of risk and regulatory compliance solutions with coverage for over 30 countries on a unified platform, today announced a partnership deal with Callataÿ & Wouters, a leading provider of software applications and IT services for the financial sector.

Thaler, Callataÿ & Wouters’ premier product, provides international banks with a scalable, end-to-end banking solution that promotes excellence in customer service, operations and risk management and will support an interface to integrate the leading FRSGlobal regulatory compliance solution within the Thaler product suite.

Thaler can be run either as an integrated end-to-end solution to cover the entire range of core banking activities or on a modular basis to cover individual lines of business. Thaler is installed in more than 40 banks in 15 countries.

The solution will enable Callataÿ & Wouters' clients to benefit from the unique FRSGlobal guarantee for regulatory compliance in multiple country deployments – thereby reducing the cost of implementation and operational risk.

Callataÿ & Wouters will promote the FRSGlobal regulatory reporting solution to existing clients and in new business opportunities as a Referral Partner – supported by FRSGlobal direct sales.

Roy Barnes, Alliances and Partnerships at FRSGlobal, commented:

“We have worked closely with Callataÿ & Wouters to help offer their clients a simple integration of the FRSGlobal REPORTINGCentre architecture and functions to produce a complete end-to-end regulatory solution. This provides them with the widest coverage, whether international or domestic deployments, as well as a guarantee of compliance.

"The regulatory environment is set to change more rapidly than ever in the current climate and this solution will help satisfy the constant regulatory challenges faced by CFOs. It will greatly assist Callataÿ & Wouters' clients to contain costs, improve reactivity and mitigate risks in their businesses.”

Renaud Winand, R&D Director, Callataÿ & Wouters, commented:
“FRSGlobal has proven expertise in solving risk and regulatory compliance issues, which are key areas of concern for financial institutions. With our combined experience, knowledge and product offering in the core banking area, our clients can benefit from a best-of-breed approach to their technological requirements.”

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