Press Releases

2007 | 2006 | 2005 | 2004 | 2003

For more information on any AFS press releases, please contact , Scott Gleeson Blue, AFS Director of Communications at +1 484.875.1411 or +1 215.356.7423 or email at sblue@afsvision.com.

2008
	November 12, 2008 The Risk Management Association and Automated Financial Systems' Risk Analysis Service Third Quarter Metrics Reflect Continued Deterioration in U.S. Middle Market Credit Quality Non-current loan levels reach 5 year highs
	August 11, 2008 Risk Analysis Service Metrics Show Further Deterioration in U.S. Middle Market Credit Quality The industry's credit risk benchmark revealed no sign of relief as nonaccruals, delinquencies continue to rise
	May 19, 2008 Risk Analysis Service Metrics Show Accelerated Deterioration in Middle Market Credit Quality Nonaccrual and delinquency levels reach highest levels in 4 years
	May 6, 2008 AFS Delivers the Banking Industry's First Basel II Segment Upgrade for Lending AFS announced that it has officially shipped its Basel II segment upgrade for AFS Level III, its commercial lending system. It is the first solutions provider in the lending space to do so.
	March 3, 2008 UniCredit Group Joins European Risk Analysis Service UniCredit Group announced today that it has joined the Risk Analysis Service (RAS), a credit risk benchmarking service developed jointly by RMA and AFS that is designed to enhance risk management practices.
	February 19, 2008 Risk Analysis Service Metrics Show Accelerated Deterioration in Middle Market Credit Quality Construction Industry Non-accrual Levels up over 300% from year-ago period
2007
	November 30, 2007 RMA/AFS Risk Analysis Service Metrics Continue To Show Further Deterioration in Middle Market Credit Quality Credit Risk Benchmarking Program now offers enhanced risk rating metrics including Probability of Default (PD), Loss Given Default (LGD), and Economic Loss (EL)
	September 25, 2007 RMA and AFS Announce Survey on Enterprise Data to Support Credit Risk Management The Web-based survey will focus on data quality and current approaches to data management
	August 28, 2007 Risk Analysis Service Metrics Show Continued Deterioration in Middle Market Credit Quality Weaknesses most pronounced in Eastern Midwest and Southern regions
	August 16, 2007 Automated Financial Systems and Advanced Computer Technologies to Provide Consumer Lending to Santander Automated Financial Systems, Inc. (AFS), and Advanced Computer Technologies (ACT) have teamed to provide AFSCommerce®, an enterprise-wide credit and risk management solution.
	June 8, 2007 RMA/AFS Risk Analysis Service Confirms Rising Delinquency and Non-accrual Levels Credit risk benchmarking metrics show continued softening in construction and the real estate & rental and leasing industries
	March 6, 2007 Softening in Commercial Real Estate Sector Indicated by RMA/AFS Risk Analysis Service Credit Risk Benchmarking Metrics Show Emerging Weakness in Construction Industry
2006
	December 6, 2006 RMA/AFS Risk Analysis Service Reflects Solid Middle Market Credit Quality Performance Credit Risk Benchmarking Metrics Show No Evidence of Declining Credit Quality
	September 12, 2006 RMA/AFS Risk Analysis Service Launches Commercial Real Estate Offering Credit Risk Benchmarking Service Supports Expanded Industry Needs
2005
	October 19, 2005 Texas Capital Bank Selects AFSCommerce to Support Rapid Loan Growth Texas Capital Bancshares (NASDAQ: TCBI), announces that it has elected to extend its outsourcing agreement for loan servicing and processing with Automated Financial Systems, Inc. (AFS) of Exton, PA.
	August 1, 2005 People's Bank Deploys AFS Commercial Real Estate to Service Growing Loan Portfolio People's Leverages Technology to Expand Services to Commercial Customers
	February 24, 2005 Comerica Extends Technology in Commercial Lending Completes Major Loan System Upgrade with AFS
2004
	December 20, 2004 Wachovia Enhances Credit and Operational Risk Mitigation Capabilities Completes Major Loan System Upgrade with AFS
	November 17, 2004 Automated Financial Systems Joins IBM ISV Advantage for Industries Initiative Companies Team to Offer Integrated Lending Solution
	September 20, 2004 Automated Financial Systems Opens New European Subsidiary in Vienna -AFS Taps Wade Baker to lead European Business Development-
	September 17, 2004 AFS Implements Tenable Network Security's Enterprise Risk Software... Tenable Network Security, Inc., a leader in enterprise security software solutions, announces that AFS, the industry leader in the execution of lending and treasury management solutions for top-tier financial institutions, has implemented Tenable's Lightning and Thunder security software suite as part of its commitment to continue a proactive network security strategy.
	September 16, 2004 Robert H. Kahn Joins Automated Financial Systems as Managing Director, Global Sales
	September 13, 2004 30,000 Loans Originated Per Month on Automated Financial Systems' ASP Platform Automated Financial Systems (AFS-Exton) announced that more than 30,000 loans are originated per month on the company's Application Service Provider (ASP) platform, AFSCommerce. The company's loan volume has tripled over the last 12 months. AFSCommerce is a browser-based delivery system that automates commercial and consumer lending operations and reduces associated costs.
	September 02, 2004 AFS Launches Service Aimed to Help Banks Improve Check Clearing Operations in Check 21 Environment
	May 06, 2004 Study Reveals Improved Middle Market Credit Quality RMA/AFS Venture Helps Banks Manage Risk
	April 28, 2004 People's Deploys AFS Commercial Real Estate to Manage $1.7 Billion Portfolio Automated Financial Systems announced that People's Bank, a regional bank with 154 branches in Connecticut and more than $11 billion in assets, has selected AFS' Commercial Real Estate solution to process the Bank's growing commercial real estate loan portfolio.
	April 4, 2004 $1 Trillion of Loans Processed on Automated Financial Systems' ASP Platform Banks' adoption of AFSCommerce makes AFS one of the largest loan processors in U.S.
	March 2, 2004 AFS Responds to Regulatory Changes in Lending AFS Level III Release 8.3 Helps Banks Mitigate Risk, Reduce Cost and Increase Revenue.
2003
	April 16, 2003 Industry-Led Risk Management Initiative Provides Commercial Credit Benchmarking RMA and AFS Launch Risk Analysis Service
	February 13, 2003 AFS Takes Industry Leadership Role to Promote Bank Compliance, Transparency, and Information Management Annual Educational Conference to Showcase Capabilities