BB%T SELECTS FIS' ADVANCED COMMERICAL BANKING SYSTEMS.Fidelity National Information Services Fidelity National Information Services, also known as FNIS or FIS, is a public corporation formed on February 1, 2006 when Certegy Inc. merged with Fidelity Information Services, a subsidiary of Fidelity National Financial. , Inc., (NYSE NYSE See: New York Stock Exchange :FIS FIS n abbr (BRIT) (= Family Income Supplement) → ayuda estatal familiar BB&T Corporation (NYSE:BBT BBT basal body temperature. BBT, n See technique, Buteyko breathing. ) has announced that BB&T has selected FIS' Advanced Commercial Banking Systems (ACBS ACBS Antique and Classic Boat Society ACBS Advanced Commercial Banking System ACBS Advisory Committee on Borderline Substances (British National Formulary) ACBS Accrediting Commission for Business Schools (R)) to support its growing capital markets syndications and participations business. BB&T will deploy the ACBS Origination, Servicing and DataMart solutions to efficiently originate and service commercial loans. FIS' ACBS Lending Solutions are an integrated family of commercial lending products that automate the entire range of commercial lending activity -- from deal origination, syndication and servicing to trading, settlement and portfolio reporting. "BB&T continues to expand its portfolio, and we needed a product and a company that could adapt to our business practices and support our capital markets business efficiently," said Ralph Banning, senior vice president within Business Loan Administration at BB&T. "The enhanced ability to manage our deals, from origination through servicing, and provide the necessary type of financial reporting and controls, both internally and to our clients, was an overriding part of our decision to select ACBS." "We are extremely pleased that BB&T has selected FIS' ACBS solutions for its loan operations," said Richard Levy, president of FIS' ACBS division. "With BB&T's market leadership and growth in commercial lending and complex credits, FIS' ACBS application suite and proven experience will provide invaluable support for BB&T as it expands its portfolio and manages its operational and credit risk." About BB&T BB&T Corporation, headquartered in Winston-Salem, N.C., is a fast-growing, highly profitable financial holding company with $132.6 billion in assets. It operates nearly 1,500 financial centers in the Carolinas, Virginia, West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. , Kentucky, Georgia, Maryland, Tennessee, Florida, Alabama, Indiana and Washington, D.C. BB&T Capital Markets is dedicated to delivering world-class corporate banking, investment banking and capital markets solutions to commercial clients, corporate clients and government entities. The mission of BB&T Capital Markets is to be the best integrated source of capital markets solutions for middle-market companies within its targeted industry groups. BB&T Capital Markets is dedicated to providing middle-market companies with a complete array of financial products, solutions and expertise. For more information, visit http://www.BBT.com. About Fidelity National Information Services Fidelity National Information Services, Inc. (NYSE:FIS) a provider of core processing for financial institutions; card issuer and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. services; mortgage loan processing and mortgage-related information products; and outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. 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. FIS is a member of Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index (S&P) 500(R) Index and has been ranked the number one overall financial technology provider in the world by American Banker American Banker is a daily newspaper covering the financial services industry. Founded in 1835 and based in New York, American Banker's 70 reporters and editors in six cities monitor developments and breaking news affecting banks. and the research firm Financial Insight in the annual FinTech 100 rankings. ACBS Loan Systems, a division of FIS, is the leading global provider of software and technology solutions to financial institutions -- on both the sell and buy sides -- that participate in the commercial loan market. The products operate in real time in any currency. ACBS products run on Windows and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) i-Series platforms or through an application service provider and are licensed by more than 100 leading financial institutions around the world. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 9,000 financial institutions in more than 80 countries worldwide. For more information, call 904/854-3282 visit http://www.fidelityinfoservices.com. |
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