Bank Will Deploy ACBS For Loan Origination, Servicing and Syndication Publishing
FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, have announced that The Huntington National Bank will implement FIS’ Advanced Commercial Banking System (ACBS®) and SyndTrak (ST4®) in support of its loan origination, servicing and syndication requirements.
Expanding on its existing relationship with FIS, The Huntington National Bank – which is based in Columbus, Ohio − selected ACBS for its loan servicing capabilities and reputation of providing accurate and timely communication among syndicate members. Huntington has continued to grow its commercial loan portfolio with eight consecutive quarters of growth as of the first quarter of 2012.
FIS' ACBS origination and servicing solution provides robust, enterprise-scale origination and servicing capabilities for both commercial and corporate loan portfolios. FIS’ ACBS SyndTrak solution provides comprehensive CRM and book running capabilities for Huntington’s Syndicated Lending business as well as integrated document distribution to Huntington’s investors. The solution is designed to handle the full lending spectrum, from small bilateral loans to complex syndicated credits, while delivering flexibility, automation and rich portfolio information.
“The Huntington National Bank has had an extremely productive and effective relationship with FIS,” said Mark Thompson, corporate operations and insurance director, The Huntington National Bank. “Expanding that relationship to include the functionality of the ACBS platform was a logical choice. We are confident that continuing to team with FIS will enable Huntington to meet the growing needs of our customers.”
“Our existing and target clients seek solutions that create efficiencies and automation for syndicated and commercial loan transactions while providing their customers, including the investor community, with a higher level of customer service,” said Richard Levy, president, commercial and wholesale banking, FIS. “FIS’ solutions continually evolve to provide our clients with the level of service necessary to meet their growing needs. We are pleased that The Huntington National Bank elected to broaden our relationship by deploying ACBS to address this critical part of their business across the front- and back-offices.”