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FSC Launches ATOM Syndications
October 20, 2011
Automates investor sold loan and lease administration
JERSEY CITY, NJ – October 20, 2011 — Financial Sciences Corporation, an innovative developer of integrated enterprise financial systems, today announced the launch and implementation of ATOM Syndications at one of the world’s largest diversified providers of credit to consumers and businesses.
ATOM Syndications, a new product in the ATOM suite of fixed-income solutions, handles investor-servicing activities for the client’s portfolio of over 10,000 commercial loans and leases sold to institutional investors. It provides an automated, straight-through processing solution that seamlessly links with existing servicing systems to deliver integrated investor deal administration, cash management, accounting and risk support for the entire lifecycle of a syndicated deal.
“We worked closely with our client to streamline and automate operational processes and to introduce a solution that enhances their business and supports their strategic goals,” said Alf Newlin, managing director and co-founder of Financial Sciences Corporation. “ATOM Syndications increases capacity, reduces cost, improves quality, manages risk and enables our clients to provide a high level of service to their investors.”
ATOM Syndications is a web-based solution designed to complement a financial institution’s existing loan/lease servicing system. It supports a wide variety of loan and lease structures including fixed-payment amortizing deals, interest-only loans, revolvers, floating-rate loans, evergreens, quasi-leases and structured deals. ATOM Syndications represents a new offering in Financial Sciences’ comprehensive suite of trading, treasury, securitization, cash management and accounting solutions.
The ATOM suite of solutions is a single, web-based platform that enables corporations and financial institutions to increase financial visibility, meet compliance standards and improve operational effectiveness through products for treasury operations, financial risk management, loan/lease syndication and securitization.