Automated Financial Systems, Inc. (AFS), is pleased to announce that AFSCommerce our secure hosted private cloud-based offering for loan processing reached a record level in loans processed, according to John H. Shain, President of AFS. Since its inception, this market-leading AFS hosted solution has continued to show impressive year-over-year growth, expanding from an initial $3 billion processed to the recent $300 billion record.
Fifteen years ago, AFSCommerce was developed as an alternative delivery channel to our traditional Commercial loan processing software license model in order to support the specific and varied growth-oriented business models of our customers. Over the past few years, the flexibility of the hosted private cloud offering has been adopted by a wide range of participants, including specialty lending, new market, and new product offerings, as well as full Commercial loan processing for global banks, money center banks, large regional banks, specialty lenders, and commercially-focused community banks.
With AFSCommerce, AFS Business Intelligence Solutions, and AFSVision, the real-time, digital enabled multicurrency and multilingual product that supports all lines of business for Commercial banking, from Small Business to Syndications and Sales and Trading, AFS provides a suite of solutions that enable accelerated growth. As one customer said, The ultimate benefit of AFSVision is having one version of the truth for all stakeholders to manage across all lines of business consistently, allowing our bank to confidently execute against target markets and strategies, officer coverage rations, pricing discipline and credit strategies, monitoring accountability and having real-time alerts to manage exceptions to bank policies.
All of our customers have grown their business and commercial assets by leveraging and applying our technology, agile support services, market-leading benchmarking and knowledge, our customers double their portfolios approximately every five years, Shain said.
About Automated Financial Systems, Inc. (AFS)
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AFS is the global leader in providing real-time, straight-through processing commercial lending solutions to the worlds top-tier institutions. Solely dedicated to the financial industry, AFS is uniquely positioned to understand our clients business and technology objectives, evidenced by our solutions processing more than $2.2 trillion in commercial, CRE and consumer loans daily. AFS is headquartered in Exton, Pennsylvania, with a subsidiary office in Vienna, Austria. Please visit www.afsvision.com.