Automated Financial Systems (AFS) Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Automated Financial Systems (AFS) Strengths, Domain Expertise, and Key Differentiators

AFS's exclusive dedication to commercial lending provides strategic clarity, continuous innovation, and unparalleled expertise, ensuring clients receive cutting-edge solutions to stay competitive. AFS offers a distinct competitive edge through the provision of the sole fully integrated lending system explicitly crafted to handle diverse portfolios, encompassing small business, middle markets, commercial real estate, capital markets, wealth management, and other specialized lines of business—all consolidated within a singular system. The uniqueness of the AFS single-system solution empowers clients with tangible benefits, including the facilitation of omnichannel strategies, reduction in operating costs, efficient management of exceptions, risk mitigation, and access to reliable data, all while concurrently enhancing revenue streams and elevating the client experience.

Through its commercial lending solution, AFSVision, AFS offers real-time, multicurrency, straight-through processing support across diverse lending lines of business. The streamlined approach facilitates the management of a broad spectrum of financial products within a unified solution, establishing the foundation for comprehensive benchmarking analytics. AFSVision represents a paradigm shift in the automation of commercial loan processing, providing substantial benefits in terms of operational efficiency, risk mitigation, cost-effectiveness, and revenue optimization.

AFS and AFSVision provide clients with the agility, real-time access, digital and end-to-end integration needed to stay competitive in today’s market.

Automated Financial Systems (AFS) Recent Developments

In March 2023, AFS unveiled the latest iteration, version 3.4, of AFSVision—an advanced, real-time commercial lending platform. This release introduces augmented capabilities in several key areas: Integration, with DIY APIs facilitating seamless end-to-end integration; Workflows, marked by enhanced navigational features and further streamlining; Account and Syndication Servicing, incorporating additional critical note flags; Capital Markets, featuring improved notice history and resend functionalities; and SOFR Processing, which includes additional billing options.

In March 2022, AFS announced the introduction of a new container-based deployment for AFSVision. This achievement represents a significant milestone, leveraging IBM's Red Hat OpenShift for orchestrating the container-based deployment model. The cloud-native version of AFSVision presents substantial advantages for financial institutions of all kinds, enabling them to construct their environments with increased efficiency and security, while efficiently managing integrations within their ecosystem. Leveraging containers and deployment automation ensures a more straightforward and consistent installation of AFSVision, irrespective of whether the target environment is a private cloud, public cloud, or a hybrid configuration.

In March 2020, AFS introduced innovative technology solutions for clients utilizing their end-to-end, straight-through processing, real-time commercial lending platform, AFSVision. Building on a legacy of 50 years dedicated to delivering world-class products rooted in operational excellence, AFS now provides a distributed server-based solution, enabling the availability of AFSVision on a public cloud platform.

Automated Financial Systems (AFS) Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Automated Financial Systems (AFS) applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Automated Financial Systems (AFS) and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified AFSVision customers.

Automated Financial Systems (AFS) Key Enterprise and Cloud Applications

AFSVision

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Automated Financial Systems (AFS) Direct vs Indirect sales

Automated Financial Systems (AFS) Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Automated Financial Systems (AFS) Customers

No. of Automated Financial Systems (AFS) Customers: 300

No. of Automated Financial Systems (AFS) Enterprise Applications Customers: 300

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In June 2023, AFS disclosed the accomplished deployment of AFSVision at Flagstar Bank. The selection of AFSVision as a strategic partner underscores Flagstar's commitment to advancing their commercial lending lines of business and reinforcing their relationship banking model, which prioritizes delivering superior services and products to their clientele.

In April 2023, AFS disclosed that Fifth Third Bank, National Association, an indirect subsidiary of Fifth Third Bancorp, has agreed to convert and consolidate their commercial and capital markets systems using AFSVision. This strategic move is geared towards expediting the bank's digital transformation initiative, fostering growth, ensuring profitability, enhancing risk management practices, and delivering an improved customer experience.

Established in 1970, AFS has garnered a robust presence in the industry, boasting over 300 active installations across the top 100 U.S. banks. Among its esteemed clientele are institutions such as Regions, U.S. Bank, Synovus, Wells Fargo, KeyBank, Zions Bancorporation, Commerce Bank, HSBC, Truist Bank, Bank of Hope, Huntington National Bank, Santander Bank, BB&T Corporation, and several others.

Automated Financial Systems (AFS) Market Opportunities, M&A and Geo Expansions

AFS witnessed a record-breaking performance for AFSCommerce, its secure hosted private cloud-based offering for loan processing. The President of AFS reported that since its inception, this market-leading AFS-hosted solution has consistently demonstrated remarkable year-over-year growth, evolving from an initial $3 billion processed to the recent achievement of processing a record $300 billion.

Automated Financial Systems (AFS) Risks and Challenges

In June 2021, AFS underwent significant organizational restructuring, appointing Richard Bare to the position of President and Chief Executive Officer, Melissa Hofer to Senior Executive Vice President and Chief Operating Officer, and Jeff Baldyga to the roles of Senior Executive Vice President, Chief Administrative Officer, and General Counsel. This reshuffle in leadership positions suggests the potential for a shift in the company's strategic direction.

AFS currently maintains a presence in the U.S. market, with limited operations in the EU. The company recognizes that expanding its business into a broader market within the European Union is pivotal for achieving future growth and success.

Automated Financial Systems (AFS) Ecosystem, Partners, Resellers and SI

In the transition to cloud-based platforms, in November 2021, AFS engaged Kyndryl, a provider of IT infrastructure services serving a vast clientele of enterprise customers, to leverage RedHat’s OpenShift for the containerization of AFSVision. This strategic decision enables AFSVision to operate seamlessly across various cloud environments. By providing customers with increased flexibility in choosing the deployment environment, whether in private or public cloud settings and across diverse vendors, AFS aims to expand its U.S. customer base and explore new opportunities in global markets through the advantageous availability of multiple cloud delivery options.

AFS boasts a distinguished array of Consulting and Technocal Partners, including Kyndryl, TierPoint, 11:11 Systems, Accenture, Boston Consulting Group, Bridge2Partners, Cornerstone Advisors, Deloitte, EY, Fiserv, ICI, KPMG, PwC, SEI, Solomon Edwards, West Monroe, NTT Data, F2 Strategy, McKinsey & Company, and several other esteemed organizations.

Automated Financial Systems (AFS) Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: