Technology watch

April announcements from financial technology vendors in Asia.

Asian Development Bank selects ACBS to support loan ops

 

The Asian Development Bank ADB has selected Advanced Commercial Banking System ACBS from Fidelity Information Services to manage its lending activity.

 

The ACBS product used to be the flagship product of ALLTEL Information Services, but this company was recently acquired by Fidelity National Financial, a Fortune 500 company with strengths in the property and mortgage sector.

ADB will use the ACBS origination, servicing, datamart and transaction server applications to replace its current loan accounting system and manual processes.

 

Cuong Nguyen, principal financial control specialist at the bank, says ACBS...

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