BB&T Corp., seeking to expand in commercial lending, has licensed software from Fidelity National Information Services Inc., of Jacksonville, Fla., to help manage its syndications and loan participations business.
Processing Content
The $132.6 billion-asset BB&T will use applications from the Advanced Commercial Banking Systems suite for origination, servicing, and data management of commercial loans, Fidelity National said last week.
"BB&T continues to expand its portfolio, and we needed a product and a company that could adapt to our business practices and support our capital markets business," Ralph Banning, a senior vice president in the Winston-Salem, N.C., company's business loan administration unit, said in a Fidelity press release.
