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BB%T SELECTS FIS' ADVANCED COMMERICAL BANKING SYSTEMS.


Fidelity National Information Services, Inc., (NYSE:FIS BB&T Corporation (NYSE:BBT) has announced that BB&T has selected FIS' Advanced Commercial Banking Systems (ACBS(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, 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 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. FIS is a member of Standard and Poor's (S&P) 500(R) Index and has been ranked the number one overall financial technology provider in the world by American Banker 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 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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Publication:Productivity Software
Date:Apr 1, 2008
Words:570
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