RBC Capital Markets to Implement ACBS SyndTrak Product for Its Global Loan Syndication Business
August 16 2005 - 8:30AM
PR Newswire (US)
JACKSONVILLE, Fla., Aug. 16 /PRNewswire-FirstCall/ -- Fidelity
National Financial, Inc. (NYSE:FNF), a Fortune 500 provider of
products and outsourced services and solutions to financial
institutions and the real estate industry, and its Fidelity
Information Services ("Fidelity") division, announced today the
signing of a contract with RBC Capital Markets ("RBC") for use of
its ACBS SyndTrak product in RBC's global loan syndications
business. "SyndTrak was a natural choice for us," said Blair
Fleming, Managing Director and Global Head of Syndications, RBC.
"It represents a comprehensive solution for the internal management
and tracking of the syndication process and ties in with Fidelity's
ACBS for loan servicing that is already in place. Through this
service, we expect to deliver enhanced service quality to our
clients, gleaned from the improved monitoring and management of our
syndication activity and better integration of our back office
systems." RBC will use SyndTrak to manage its loan syndications
business in New York and Toronto from a centralized database.
SyndTrak possesses a user interface specifically designed for the
loan syndication and trading marketplace. The software facilitates
data sharing between bankers, traders and salespeople. The addition
of SyndTrak will enable RBC to gather greater market intelligence
and provide enhanced global reporting across markets. Scott
Kostyra, Global Head of Front Office Product Sales for the ACBS
division of Fidelity Information Services, said, "We are pleased
that RBC has added SyndTrak to its existing ACBS product suite.
This further validates the advantages provided to our customers
from an integrated front-to-back solution for the loan syndication
market." About Fidelity Information Services' ACBS division
Fidelity Information Services' ACBS is an integrated family of
commercial lending products that automates the entire range of
commercial lending activity, from deal origination, primary
syndication, web-based deal publishing through settlement and
accounting, to risk management and loan trading. 20 of the top 25
global financial institutions ranked by Tier 1 capital use ACBS
commercial loan software. 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 ABN AMRO, Bank
of America, Barclays Capital, Canadian Imperial Bank of Commerce,
Dresdner Bank, JPMorgan Chase, Merrill Lynch, PNC and Scotiabank.
About Fidelity National Financial Fidelity National Financial,
Inc., number 261 on the Fortune 500, is a provider of products and
outsourced services and solutions to financial institutions and the
real estate industry. FNF is the nation's largest title insurance
company, with nearly 31 percent national market share, and is also
a provider of other specialty insurance products, including flood
insurance, homeowners insurance and home warranty insurance.
Through its majority-owned subsidiary Fidelity National Information
Services, Inc. ("FIS"), the Company is a leading provider of
technology solutions, processing services and information services
to the financial services and real estate industries. FIS' software
processes nearly 50 percent of all U. S. residential mortgages, it
has processing and technology relationships with 45 of the top 50
U.S. banks and more than 2,800 small and mid-sized U.S. financial
institutions and it has clients in more than 50 countries who rely
on its processing and outsourcing products and services. FIS also
provides customized business process outsourcing related to aspects
of the origination and management of mortgage loans to national
lenders and servicers. FIS offers information services, including
property data and real estate-related services that are used by
lenders, mortgage investors and real estate professionals to
complete residential real estate transactions throughout the U.S.
More information about the FNF family of companies can be found at
http://www.fnf.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. DATASOURCE:
Fidelity National Financial, Inc. CONTACT: Michelle Kersch, Senior
Vice President, Corporate Communications, +1-904-854-5043, or , or
Daniel Kennedy Murphy, Senior Vice President, Finance and Investor
Relations, +1-904-854-8120, , both of Fidelity National Financial
Web site: http://www.fnf.com/ http://www.fidelityinfoservices.com/
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