NIB Capital selects Fidelity's ACBS for commercial lending ops

NIB Capital will use the Deal & Loan Servicing (DLS) module from the package to automate the servicing of its commercial and corporate loan portfolios and the DataMart component to provide users with on-demand information, analysis and reporting.

Fidelity says ACBS will enable the bank to integrate its legacy lending systems, improve data-sharing across the enterprise, streamline business workflow and deliver reporting and analysis.

Elsbeth Wiersma, director of operations, NIB Capital, says ACBS will provide a reliable, flexible solution capable of handling both simple and complex lending structures for enterprise-wide lending.

"Tools such as ACBS flexible instrument definition will enable us to proactively manage our business needs and portfolio expansion," she says.