Delta Lloyd Bank has selected Thaler on SAP to replace its general ledger accounting system. The implementation will see Delta Lloyd Bank, a retail and private bank in Belgium, extend its current deployment of Thaler, Callata & Wouters flagship banking system, beyond core banking. Thaler, with embedded SAP accounting and data warehousing functionality, will enable the bank to improve its internal reporting capabilities and better meet regulatory requirements.
Delta Lloyd Bank first went live with Thaler in 2004 to manage its securities, lending and payments processing. In 2007, the bank began its selection process for an integrated platform that could also replace its existing accounting system. In addition, it sought to extend its core banking system to support its deposits, loans and treasury operations.
The bank will implement SAPs general ledger, bank analyser and business intelligence components, which are pre-packaged with Thaler, along with Thalers modules for deposits, loans and treasury processing. With an integrated end-to-end solution, the bank will benefit from a full audit trail from general accounting to operational data, consistency and traceability of data across the whole banking application and support for strategic decision-making.
Thaler is a core banking system that includes functionality for deposits, loans, securities, treasury and payments as well as multi-channel distribution modules. It is designed to run either as an end-to-end solution, covering the entire range of core banking activities, or on a modular basis to support individual lines of business.