The Need for Differentiated Commercial Lending Offerings Drives Rand
Merchant Bank to Select FIS’ ACBS Solution
*RMB gains enterprise-scale origination, servicing and reporting
functionality with FIS’ ACBS solution.
*ACBS is the industry’s premiere commercial lending solution, supporting
more than 50 of the world’s top financial institutions and processing more
than one million transactions on a daily basis.
JACKSONVILLE, Fla. -- July 3, 2013
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
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.
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
Kim Snider, 904.438.6278
FIS Global Marketing and Communications
Mary Waggoner, 904.438.6282
Senior Vice President
FIS Investor Relations
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