Automated Financial Systems (AFS) now offers a distributed server-based solution that will allow for a public cloud offering of AFSVision, which is the company’s real-time commercial lending platform.
AFS re-platformed the mainframe-based loan accounting and servicing components of AFSVision to match the current workflow and origination components, thereby offering a now fully distributed, high-availability single solution running on enterprise Linux. Additionally, AFS will offer a public cloud ready version of AFSVision beginning in July 2020.
“These new offerings — the distributed server-based platform and public cloud — give clients the options they have been asking for,” Radford Laney, managing director of technology solutions at AFS, said. “We are confident these choices will not only enhance the overall AFSVision experience, but will make it more readily available so that even more banks can benefit from AFSVision’s robust, digital, real-time commercial lending management.”
Clients who currently license and run AFSVision from their own data centers have the choice to deploy with the mainframe or distributed server-based options in either their data centers or their cloud environments. Clients using AFSVision under AFSCommerce, the AFS private cloud, software as a service (SaaS) solution, will receive the same benefits of a cloud-based offering managed and delivered from AFS proprietary data centers.
“Making AFSVision available through multi channels, including the public cloud, further supports what makes AFSVision so different from other commercial lending solutions—its on-demand design means it’s always working, available, agile, flexible and using the latest technology,” Rick Bare, general manager of AFSCommerce, said. “Through this technology advancement, clients will be able to implement and add environments quickly, allowing them to more quickly and efficiently begin to see the many benefits of an AFSVision solution.”
AFS provides real-time, straight-through processing commercial lending solutions to the financial industry and processes more than $2.5 trillion in commercial, CRE and syndicated loans daily.
