The new system will come into operation in January 2008. The bank has commissioned Callatay & Wouters and Clearstream Services to implement the Thaler wealth management package for its new entity in software as a service (SaaS) outsourced mode.
Frederic Stiernon, country manager for Luxembourg for Callatay & Wouters, said: Just a few months after the launch of our SaaS offering in Luxembourg in partnership with Clearstream Services, signing up a second significant client once again demonstrates the total suitability of what SaaS has to offer to cover the needs of the market.
Michel Rodriguez, head of IT external business for Clearstream Services, said: This second success strengthens our conviction that the partnership with Callatay & Wouters offers all of the security and professionalism guarantees required by the banking industry, in and outside Luxembourg.
