US-based Commerce Bank plans is implementing Fidelity Information Services' Advanced Commercial Banking System (ACBS) on an application service provider (ASP) basis.
ACBS is an integrated package of products that automate the entire range of commercial lending activity, from deal origination through settlement and accounting to risk management and loan trading. The products operate in real time in any currency.
Commerce Bank will use the origination, servicing and portfolio management modules of the ACBS product to support its complex commercial credits.
Fidelity says Commerce Bank will be the eighth major firm to select and implement its technology on an ASP basis in the last 36 months.