Source: Fidelity Information Services
Fidelity Information Services (Fidelity), a division of Fidelity National Financial, Inc. (NYSE: FNF), today announced that IXIS-CIB, the Corporate and Investment Banking arm of Groupe Caisse d'Epargne has selected ACBS for front, middle and back office corporate lending operations.
IXIS-CIB will implement the entire ACBS product suite including ACBS Origination, ACBS Servicing, ACBS DataMart, ACBS SyndTrak, ACBS SyndTrak Online and ACBS LoanTrak. As ACBS continues to integrate the components of its product family, IXIS-CIB will be well positioned to leverage the seamless flow of information in its commercial lending business from origination through syndication, closing, servicing and trading on a global scale.
Initial roll-out will focus on the IXIS-CIB Paris headquarters with plans to roll out to further European offices including London and Frankfurt.
"The ACBS solution will provide increased efficiencies from the front to back offices which will allow us to service our clients and investors more effectively throughout the organization," said Jean-Paul Oudet, Head of Corporate Banking and Credit Markets. "ACBS represents a flexible technology solution that can support our future growth and increasing market share."
"We are delighted that IXIS-CIB has selected our ACBS Loan Systems for its European operations. The end-to-end nature of the ACBS solution provides our clients with the ability to implement straight-through processing across multiple lines of business and geographies while eliminating the risk and costs associated with maintaining disparate specialty systems," said Richard Levy, President of ACBS, a division of Fidelity Information Services.