Lloyds TSB Selects Fidelity National Information Services' ACBS(R) Product Suite for its Commercial Lending Business
31 Mai 2007 - 12:04AM
PR Newswire (US)
JACKSONVILLE, Fla., May 30 /PRNewswire-FirstCall/ -- Fidelity
National Information Services, Inc. (NYSE:FIS), a global provider
of products and outsourced services and solutions to financial
institutions, announced today that Lloyds TSB Corporate Markets has
selected the entire ACBS product suite, including SyndTrak(TM),
LoanTrak(TM), Origination, Servicing and DataMart, to manage its
loan syndication, distribution and trading activities and lending
portfolio. ACBS, a division of Fidelity National Information
Services, Inc., is the leading global provider of software and
technology solutions to financial institutions, on both the sell
and buy sides, which participate in the commercial loan market.
ACBS products automate, streamline and integrate every phase in the
life a loan -- origination, syndication, servicing, trading,
portfolio management, reporting and analysis -- from the middle
market to the largest syndicated credits. Twenty of the top 25
global financial institutions, ranked by Tier 1 Capital, use ACBS
commercial loan software. "We are impressed by how well ACBS has
adapted for the European market," said Ian Fitzgerald, head of Loan
Syndications for Lloyds TSB. "We knew that ACBS SyndTrak and
LoanTrak have become market standard for sales and trading in the
U.S., and we are glad to utilize these tools for our distinctive
market." "We wanted an efficient solution that could support and
strengthen our wholesale loans businesses," said David Samach,
director of Wholesale Loans Operations for Lloyds TSB. "ACBS will
enable us to implement servicing efficiencies, eliminate manual
processes and strengthen managerial reporting, while enhancing the
level of service we provide to clients and investors." Richard
Levy, president of FIS' ACBS division, said, "We are delighted
Lloyds TSB has selected ACBS for its rapidly expanding wholesale
lending portfolios. We designed our systems to meet the demands of
an increasingly liquid loan market, and are thrilled that Lloyds
TSB believes we are the right partner to support their growth. This
agreement with Lloyds TSB further solidifies our leadership
position in the European market." About Lloyds TSB Lloyds TSB Bank
plc is a member of the Lloyds TSB Group, the fifth-largest banking
group in the United Kingdom. Lloyds TSB Corporate Markets is a
division of Lloyds TSB Bank plc. Lloyds TSB's Corporate Markets
business provides a wide range of expert financial services to
businesses ranging from privately-owned firms to multinational
corporations and financial institutions. Lloyds TSB offers the
expertise and capabilities its clients need to compete successfully
in the marketplace. Lloyds TSB is proud of the relationships it
builds with its customers and works closely with them to understand
their business and offer financial solutions to meet their
distinctive needs. The wide range of services and innovative
solutions Lloyds TSB can deliver includes: -- Dedicated
relationship banking -- Capital market funding -- Debt and equity
finance -- Treasury and risk management services -- Structured
finance solutions -- Asset finance -- Leasing -- Company
registration and employee share schemes -- Competitive e-trading
facilities -- Import and export trade finance -- Tailored cash
management solutions -- Structured credit investments and
securitization facilities About Fidelity National Information
Services Fidelity National Information Services, Inc. (NYSE:FIS) is
a leading provider of core processing for financial institutions;
card issuer and transaction processing services; mortgage loan
processing and mortgage-related information products; and
outsourcing services to financial institutions, retailers, mortgage
lenders and real estate professionals. FIS has processing and
technology relationships with 35 of the top 50 global banks,
including nine of the top 10. Approximately 50 percent of all U.S.
residential mortgages are processed using FIS software. FIS is a
member of Standard and Poor's (S&P) 500(R) Index and has been
ranked the number one banking service provider in the world by
American Banker and the research firm Financial Insights, and the
number two overall financial technology provider in the annual
FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS
maintains a strong global presence, serving more than 7,800
financial institutions in more than 60 countries worldwide. For
more information on Fidelity National Information Services, please
visit http://www.fidelityinfoservices.com/. Forward Looking
Statements This press release contains forward-looking statements
that involve a number of risks and uncertainties. Statements that
are not historical facts, including statements about our beliefs
and expectations, are forward-looking statements. Forward-looking
statements are based on management's beliefs, as well as
assumptions made by, and information currently available to,
management. Because such statements are based on expectations as to
future economic performance and are not statements of fact, actual
results may differ materially from those projected. We undertake no
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise. The risks
and uncertainties which forward-looking statements are subject to
include, but are not limited to: changes in general economic,
business and political conditions and other risks detailed in the
"Statement Regarding Forward-Looking Information," "Risk Factors"
and other sections of the Company's Form 10-K and other filings
with the Securities and Exchange Commission. DATASOURCE: Fidelity
National Information Services, Inc. CONTACT: Michelle Kersch,
Senior Vice President of Corporate Communications, +1-904-854-5043,
, or Mary Waggoner, Senior Vice President of Investor Relations,
+1-904-854-3282, , both of Fidelity National Information Services
Web site: http://www.fidelityinfoservices.com/
Copyright