Systematics wins Barclays contract.

Barclays Bank PLC selected Systematics Financial Services Inc. to provide software and services for centralizing loan operations.

Barclays, with $250 billion of assets, operates 2,000 branches in the United Kingdom serving 12 million customers.

The bank will use Systematic's advanced loan system to automate and manage its loan servicing processes. Systematics is a subsidiary of Alltel Corp.

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