Printer Friendly

IXIS Corporate and Investment Bank Selects Fidelity National Financial's Entire ACBS Commercial Lending Suite.

JACKSONVILLE, Florida, January 10 /PRNewswire/ -- 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.

Groupe Caisse d'Epargne is ranked 22nd in the World according to The Banker (July 2005) and is one of France's largest banks, operating across the complete range of commercial and investment banking disciplines. Groupe Caisse d'Epargne boasts 26 million clients in France with EUR 18 billion in equity, a balance sheet of EUR 544 billion and net banking income of EUR 9 billion.

ACBS Loan Systems, a division of Fidelity Information Services, is the leading global provider of software and technology solutions to financial institutions -- both sell side and buy side -- that 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. 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 (ASP) and are licensed by over 90 leading financial institutions including Bank of America, Barclays Capital, Canadian Imperial Bank of Commerce, Dresdner Bank, JPMorgan Chase, Merrill Lynch, PNC and Scotiabank.

Fidelity National Financial, Inc., number 261 on the Fortune 500, provides products and outsourced services and solutions to financial institutions, and the mortgage, insurance and real estate industries. Through its majority-owned, publicly traded subsidiary, Fidelity National Title Group, Inc. (NYSE: FNT), FNF is the nation's largest title insurance company, With nearly 31 percent national market share. Through its majority-owned subsidiary Fidelity National Information Services, Inc. ("FIS"), the Company is a leading provider of core financial institution processing, mortgage loan processing and related information products and outsourcing services to financial institutions, mortgage lenders and real estate professionals. Through its wholly-owned subsidiaries, FNF is also a provider of specialty insurance products, including flood insurance, homeowners insurance and home warranty insurance. More information about the FNF family of companies can be found at http://www.fnf.com , http://www.fntg.com and http://www.fidelityinfoservices.com

This press release contains statements related to future events and expectations and, as such, constitutes forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be different from those expressed or implied above. The Company expressly disclaims any duty to update or revise forward-looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the effect of governmental regulations, the economy, competition and other risks detailed from time to time in the "Management's Discussion and Analysis" section of the Company's Form 10-K and other reports and filings with the Securities and Exchange Commission.

 Web site: http://www.fnf.com
 http://www.fntg.com
 http://www.fidelityinfoservices.com



Daniel Kennedy Murphy, Fidelity National Financial, +1-904-854-8120, dkmurphy@fnf.com
COPYRIGHT 2006 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire Europe
Geographic Code:1USA
Date:Jan 10, 2006
Words:714
Previous Article:BioMarin Establishes Commercial Operations in Europe.
Next Article:Max Re Announces Appointment in Property Treaty Reinsurance.
Topics:


Related Articles
Cognos Signs OEM Agreement with Fidelity Information Services; -- Leading financial services company integrates Cognos with data warehouse and...
National City to Implement ACBS for Loan Syndication Servicing.
Webster Bank Signs Five-Year Full Item Processing Outsourcing Contract With Fidelity Information Services.
Bankers' Bank Northeast Chooses BancLine(TM) Core Processing from Fidelity Information Services.
The Bankers Bank of Atlanta, GA Opts for The HORIZON(TM) Banking System from Fidelity Information Services.
Emigrant Savings Bank to Implement ACBS for Expanding Commercial Loan Portfolio.
Fidelity Information Services Provides Sterling National Bank With Complete Check Image Exchange Capabilities with the Federal Reserve Banks.
Export Credits Guarantee Department (ECGD) Implements the ACBS Commercial Lending System from Fidelity Information Services.
IXIS Corporate and Investment Bank Selects Fidelity National Financial's Entire ACBS Commercial Lending Suite.
CITIC Ka Wah Bank Extends Software Agreement With Fidelity Information Services.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters