Dresdner Kleinwort Wasserstein (DrKW), the investment banking division of Dresdner Bank, has installed Fidelity Information Services' Advanced Commercial Banking System (ACBS) to support its international lending activities.
DrKW is currently using the ACBS product at its Luxembourg and New York offices and says its London branch will go live later in 2003.
ACBS is a commercial lending system that automates loan activity, from deal origination to settlement and accounting, through to risk management and loan trading.
Fidelity says ACBS' common database allows DrKW to track and service clients across multiple locations worldwide.
Bertrand Pinel, managing director and head of global portfolio management, capital markets, DrKW, says: "The introduction of ACBS at DrKW has resulted in clear, accurate and timely accessible portfolio management information across the entire organisation."