Lloyds TSB stays loyal to Fidelity

Commercial loans suite will streamline and automate the lending process

Lloyds TSB implements new commercial banking system for enahanced service

Lloyds TSB is putting in a new banking system to support its commercial lending operations and improve client and investor services.

The advanced commercial banking system (ACBS) product suite, supplied by US-based Fidelity National Information Services (FIS), is an integrated package that streamlines and automates the commercial lending process.

The new system will manage the life of a loan, including origination, syndication, servicing, trading, portfolio management, reporting and analysis.

Lloyds TSB will use ACBS to manage its corporate markets unit's loan syndication, distribution and trading activities and lending portfolio.

David Samach, director of wholesale loans, Lloyds TSB says the new system will enhance the level of service we provide to clients and investors.

'ACBS will enable us to implement servicing efficiencies, eliminate manual processes and strengthen managerial reporting,' said Samach.