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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.