Callataÿ & Wouters announces the formalization of its partnership with the IA Group Sdn Bhd (IA), a Malaysian management consulting, technology and outsourcing company. The two companies are partnering to develop an Islamic banking solution for the region and global market. IA and Callataÿ & Wouters will jointly develop, implement, support and market the Thaler Islamic Banking solution in Malaysia initially, with plans to extend the initiative globally.
The partnership marks Callataÿ & Wouters’ expanding presence in South East Asia and its commitment to the Malaysian market, a significant growth area in Islamic banking. The first Malaysian customer on the Thaler Islamic Banking solution is due to go live in early 2010.