Automated Financial Systems (AFS) announced that Santander Bank, N.A., the U.S. affiliate of Banco Santander, S.A., has signed on to convert to AFSVision, the state-of-the-art next-generation commercial lending system from AFS.
“AFS leadership and support for the LIBOR to SOFR transition on both systems is further evidence of our commitment to our clients’ long term success.”
Since the year 2000, AFS has supported the Bank’s evolution of business strategies, growth goals, and regulatory and reporting needs with our market-leading commercial lending system AFS Level III™. Santander Bank was the first AFSCommerce client, and AFS has been a key partner to Santander for more than 20 years by supporting the growth and evolution of the Bank’s loan portfolio.
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“There is a demonstrated history of stability and scalability for both the system and the company, reinforcing Santander Bank’s decision to make AFSVision its next-generation commercial loan servicing platform,” said Jim Greenwood, Chairman and CEO. “AFS leadership and support for the LIBOR to SOFR transition on both systems is further evidence of our commitment to our clients’ long term success.”
AFSVision is an integrated lending system for all commercial lines of business. Its ability to integrate with and into third-party systems promotes straight-through processing with fully digital and mobile capabilities and provides real-time management of any size commercial lending portfolio–from first customer touch to servicing and reporting. Today, some clients are implementing loan origination first as part of their commercial credit transformation. With AFSVision, they get the distinct advantage of the AFS Post-Approval Workflow (PAW), which includes comprehensive data validation and automated booking via standard, integrated workflows, supporting a seamless, straight-through processing experience. PAW is the latest in AFS innovations to provide industry-relevant solutions.
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