Callataÿ & Wouters Partners with IA Group for Islamic Banking Solution
Callataÿ & Wouters, a provider of core banking and multi-channel distribution solutions, has partnered with the IA Group, a Malaysian management consulting, technology and outsourcing company to develop an Islamic banking solution for the region and global market. Callataÿ & Wouters and IA will jointly develop, implement, support and market the Thaler Islamic Banking solution in Malaysia initially, with plans to extend the initiative globally.
The joint effort between Callataÿ & Wouters and IA over the past year will see the first customer in Malaysia going live by early 2010 with the Thaler Islamic Banking solution.
Marc De Groote, chief executive officer (CEO), Callataÿ & Wouters, said: “As Islamic banking continues to grow around the world, Shariah-compliant solutions have to look to provide alternative banking and services particularly in Asia and the Middle East. For Callataÿ & Wouters, the partnership with IA presents an opening to not only acquire new customers in the region, but also to venture into a new line of business, offering a solution with global reach and opportunities.”