Fidelity signs BB&T to loans servicing technology

Fidelity signs BB&T to loans servicing technology

US banking group BB&T is implementing technology from Fidelity National Information Services (FIS) to support its commercial lending operations.

BB&T will deploy the Origination, Servicing and DataMart products from FIS' Advanced Commercial Banking Systems (ACBS) package to support its growing capital markets syndications and participations business.

The products automate the entire range of commercial lending activity - from deal origination, syndication and servicing to trading, settlement and portfolio reporting, says FIS.

Ralph Banning, SVP within business loan administration, BB&T, says: "The enhanced ability to manage our deals, from origination through servicing, and provide the necessary type of financial reporting and controls, both internally and to our clients, was an overriding part of our decision to select ACBS."

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