HCL Technologies partners with C&W

href="http://dqchannels.ciol.com/content/news/105110817.asp">HCL
Technologies has announced
strategic partnership with Callatay & Wouters (C&W), a
provider of innovative IT solutions and services to retail, private,
and direct banks. The partnership will be focused on delivering
C&W's multichannel core banking solution Thaler, on SAP and
z/OS, to retail banks globally. This will provide a centralized,
enterprise-level repository for customer information, allowing them
to improve customer service, compliance and operational efficiency,
while also providing scalability to support business growth.

The alliance will combine HCL's
systems integration, product implementation, consulting and support
expertise with C&W's multichannel offering, which can run as an
integrated end-to-end solution to cover the entire range of core
banking activities, or on a modular basis to support individual lines
of business.

Thaler on SAP will offer an integrated
core-banking, accounting, and risk-management solution for banks,
with dedicated functions for handling core-banking products and
operations (including customer management, deposits, loans, payments,
and securities management), supporting front-office activities such
as direct banking or branch management, managing back-office
processes and dealing with finance and credit risk management, as
well as reporting functions. The partnership will also deliver Thaler
on z/OS, the core banking on mainframe solution.

Marc De Groote, CEO, C&W commented
“This agreement is an important addition to our focus on building
partnerships across the core banking sector. HCL has significant
experience within financial services space and an unrivaled track
record of providing best in class service to their customers. The
partnership is an exciting opportunity to expand our offering and
further grow our customer base globally.”

Premkumar Seshadri, Senior Corporate
Officer and President-Financial Services and Healthcare, HCL
commented, “At HCL we are committed in providing customers with
optimal technology platforms aligned to their business goals. We
firmly believe that our alliance with C&W will add breadth and
depth to our capabilities. C&W has developed market leading
technology that creates considerable value for its global financial
services customers and we look forward to being able to offer these
solutions to banks globally.”