JACKSONVILLE, Fla., May 30 /PRNewswire-FirstCall/ -- Fidelity National Information Services, Inc. , a global provider of products and outsourced services and solutions to financial institutions, announced today that Lloyds TSB Corporate Markets has selected the entire ACBS product suite, including SyndTrak(TM), LoanTrak(TM), Origination, Servicing and DataMart, to manage its loan syndication, distribution and trading activities and lending portfolio.
ACBS, a division of Fidelity National Information Services, Inc., is the leading global provider of software and technology solutions to financial institutions, on both the sell and buy sides, which participate in the commercial loan market. ACBS products automate, streamline and integrate every phase in the life a loan -- origination, syndication, servicing, trading, portfolio management, reporting and analysis -- from the middle market to the largest syndicated credits. Twenty of the top 25 global financial institutions, ranked by Tier 1 Capital, use ACBS commercial loan software.
"We are impressed by how well ACBS has adapted for the European market," said Ian Fitzgerald, head of Loan Syndications for Lloyds TSB. "We knew that ACBS SyndTrak and LoanTrak have become market standard for sales and trading in the U.S., and we are glad to utilize these tools for our distinctive market."
"We wanted an efficient solution that could support and strengthen our wholesale loans businesses," said David Samach, director of Wholesale Loans Operations for Lloyds TSB. "ACBS will enable us to implement servicing efficiencies, eliminate manual processes and strengthen managerial reporting, while enhancing the level of service we provide to clients and investors."
Richard Levy, president of FIS' ACBS division, said, "We are delighted Lloyds TSB has selected ACBS for its rapidly expanding wholesale lending portfolios. We designed our systems to meet the demands of an increasingly liquid loan market, and are thrilled that Lloyds TSB believes we are the right partner to support their growth. This agreement with Lloyds TSB further solidifies our leadership position in the European market."
About Lloyds TSB
Lloyds TSB Bank plc is a member of the Lloyds TSB Group, the fifth-largest banking group in the United Kingdom. Lloyds TSB Corporate Markets is a division of Lloyds TSB Bank plc.
Lloyds TSB's Corporate Markets business provides a wide range of expert financial services to businesses ranging from privately-owned firms to multinational corporations and financial institutions. Lloyds TSB offers the expertise and capabilities its clients need to compete successfully in the marketplace. Lloyds TSB is proud of the relationships it builds with its customers and works closely with them to understand their business and offer financial solutions to meet their distinctive needs.
The wide range of services and innovative solutions Lloyds TSB can deliver includes:
-- Dedicated relationship banking
-- Capital market funding
-- Debt and equity finance
-- Treasury and risk management services
-- Structured finance solutions
-- Asset finance
-- Leasing
-- Company registration and employee share schemes
-- Competitive e-trading facilities
-- Import and export trade finance
-- Tailored cash management solutions
-- Structured credit investments and securitization facilities
About Fidelity National Information Services
Fidelity National Information Services, Inc. is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top 10. Approximately 50 percent of all U.S. residential mortgages are processed using FIS software. FIS is a member of Standard and Poor's (S&P) 500(R) Index and has been ranked the number one banking service provider in the world by American Banker and the research firm Financial Insights, and the number two overall financial technology provider in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 7,800 financial institutions in more than 60 countries worldwide. For more information on Fidelity National Information Services, please visit http://www.fidelityinfoservices.com/.
Forward Looking Statements
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions and other risks detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of the Company's Form 10-K and other filings with the Securities and Exchange Commission.
