This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Need For Differentiated Commercial Lending Offerings Drives Rand Merchant Bank To Select FIS’ ACBS Solution

South Africa-based Rand Merchant Bank (RMB) has chosen to deploy the Advanced Commercial Banking System (ACBS) from FIS™, the world’s largest provider of banking and payments technology, to support its growing African Corporate Lending Business.

Making the switch from an in-house solution to ACBS provides RMB with the flexibility to manage a broad spectrum of commercial lending products, including bilateral, syndicated or traded loans. ACBS will provide RMB a simple, functionally rich and efficient loan process.

ACBS is a comprehensive, enterprise-scale origination and servicing solution for commercial and corporate loan portfolios. Lenders across the globe are constantly required to stay competitive in an ever changing industry; with ACBS, FIS clients process more than one million transactions daily, keeping them not only competitive but leaders in the commercial lending space.

“This new relationship with RMB is very exciting as it underscores the trust and confidence commercial clients have in FIS,” said Richard Levy, president ACBS, FIS. “ACBS is an industry-leading solution that creates greater efficiency across the entire origination, syndication and administration process. FIS remains committed to providing products and solutions that move our clients and their customers forward.”

Headquartered in Johannesburg, Rand Merchant Bank is the investment banking arm of FirstRand Bank Limited and is one of the leading investment banks. RMB has a geographical footprint across 35 African countries, the UK, India, China and the Middle East.

About FIS

FIS (NYSE:FIS) 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 434 on the Fortune 500 and is a member of Standard & Poor’s 500 ® Index. For more information about FIS, visit www.fisglobal.com.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,119.64 +67.91 0.40%
S&P 500 1,984.71 +11.08 0.56%
NASDAQ 4,457.2470 +32.5430 0.74%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs