Bank of the West of San Francisco has selected commercial lending automation software from Custom Credit Systems Inc. to use in its syndications business, the Richardson, Tex., vendor announced.
The $67 billion-asset bank, a unit of the French financial firm BNP Paribas SA, plans to use the software to consolidate functions that were formerly performed with separate tools, Custom Credit said Tuesday.
The software performs accounting functions on the bank's obligation hierarchy and can communicate credit status throughout the processing life cycle of a loan.
