Fidelity National Information Services Inc. (FIS) announced the signing of an agreement to sell its ClearPar automated syndicated loan trade settlement business to Markit. Additionally, FIS said its Advanced Commercial Banking Solutions or ACBS division entered into a strategic alliance with Markit to jointly promote sales of FIS' SyndTrak and SyndTrak Online and integrate these solutions with Markit's loan business data and settlement products. Terms of the sale, which is expected to close by the end of the fourth quarter, were not disclosed.
"This transaction allows FIS to remain focused on delivering its ACBS Loan Servicing System and front-office suite of products in sales, syndication and loan trading while creating a high-velocity alliance that delivers unmatched value to our clients in the syndicated loan space," commented Richard Levy, president of FIS' ACBS division.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.