FIS™, the world’s largest provider of banking and payments technology, today 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.”
FIS (fisglobal.com) is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 32,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is 425 on the Fortune 500 and is a member of Standard & Poor’s 500® Index.
This news release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K and other filings with the Securities and Exchange Commission.
For More Information:
Mary Waggoner, SVP, FIS Investor Relations
P: 904-438-6282 / E: mary.waggoner[.]fisglobal.com.