Mizuho Corporate Bank, recently created through the merger of the corporate of Fuji Bank, the Industrial Bank of Japan, and Dai-Ichi Kangyo Bank, has consolidated its loan operations using Alltel's Advanced Commercial Banking System (ACBS).
Toshiaki Mori, general manager of Mizuho Corporate Bank, says ACBS has enabled the bank to move operations onto a single platform.
The bank has signed a global maintenance and support agreement for the system that includes operations in New York and London.
Alltel says ACBS is suite of products that automate commercial lending activity, from deal origination through settlement and accounting to risk management and loan trading.
Mizuho has also licensed the Deal & Loan Servicing-Extended system from the ACBS suite.