EXTON, PA — Automated Financial Systems, Inc. (AFS) announced that Fifth Third Bank, National Association, an indirect subsidiary of Fifth Third Bancorp (NASDAQ: FITB), recently signed on to convert and consolidate their commercial and capital markets systems to AFSVision, a state-of-the-art next-generation commercial lending system from AFS.
“We know that to continue to win and grow, we must constantly evolve and adapt. Choosing a forward-looking replacement for our commercial and syndicated loan systems, we needed a company whose philosophy matched ours, and we found that in AFS,” said Jude Schramm, Chief Information Officer, Fifth Third Bank. “We know our selection of AFSVision will accelerate our digital transformation initiative while enabling growth, profitability, risk management, and a better experience for our customers.”
AFSVision is an integrated single loan system for all commercial lines of business. Its ability to integrate with and into third-party systems promotes seamless processing through its unique suite of digital-enabling capabilities. AFS provides configurable real-time management of any size commercial lending portfolio–from first customer touch to servicing and reporting. AFSVision provides a globally available, unified banking experience, empowering financial institutions with 24/7, digital and mobile, real-time access allowing banks to better serve their customers.
“We are excited to continue our long-standing relationship with Fifth Third to provide an essential piece of their platform modernization initiative, supporting their long-term goals and success. AFSVision helps our clients focus on their core business while streamlining processes, creating efficiencies, and increasing their own customers’ experiences, all of which aligns with the Bank’s strategic priorities,” said Richard Bare, CEO and President of AFS.
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