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BB&T Partners with AFS to Successfully Implement Enhanced Commercial Lending Process

Release date: 11/1/2017

EXTON, PA.—November 1, 2017— Automated Financial Systems, Inc. (AFS®) today announced it has completed the first step of its partnership with BB&T Corporation to implement AFSVision®, a key milestone of BB&T’s commercial loan improvement program.

“To improve our overall lending experience for clients and drive greater opportunities for revenue, we needed to transform our entire commercial delivery process,” said BB&T Chief Credit Officer Sandra Jansky. “We set out to build a system to provide us with consistent, transparent, and accurate data. Due to the support and close communications between our executive management teams, AFS delivered on time and within budget.”

“BB&T is known for its long-time focus on exceptional client service,” said BB&T President of Community Banking David Weaver. “The enhanced data aggregation and portfolio management tools available through this new platform will provide our clients with more real-time transparency and allow us to offer additional commercial lending products.”

“The AFS solution provides us with the ability to respond to changing market and regulatory needs while ensuring scalability for future growth and consolidation,” said BB&T Chief Information Officer Barbara Duck. “We now have a straight-through process, supported by industry best practices, we can leverage in our digital deployment strategies. Our associates were trained in an extraordinary fashion and are well prepared to run the new system.”

AFS Chairman and CEO Jim Greenwood said, “We empowered the Bank with a real-time and digital enabled straight-through process for its commercial lending business. We have a great partnership working alongside BB&T’s leadership and project teams to help them achieve all their goals and objectives.”

About BB&T
BB&T is one of the largest financial services holding companies in the U.S. with $220.3 billion in assets and market capitalization of $37.0 billion as of September 30, 2017. Building on a long tradition of excellence in community banking, BB&T offers a wide range of financial services including retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corporate banking, capital markets and specialized lending. Based in Winston-Salem, N.C., BB&T operates over 2,100 financial centers in 15 states and Washington, D.C. A Fortune 500 company, BB&T is consistently recognized for outstanding client service by Greenwich Associates for small business and middle market banking. More information about BB&T and its full line of products and services is available at www.BBT.com.

About Automated Financial Systems, Inc.
Automated Financial Systems, Inc. (AFS) is the global leader in providing the leading digital and mobile commercial lending solutions to top-tier financial institutions, including AFSVision, the industry’s premier straight-through processing commercial lending platform. The world’s largest financial institutions depend on our on-demand technology and services to build their lending processes, partnering with AFS to bring clarity to their strategic goals and work proactively to achieve their business and technology objectives. With more than $2.2 trillion in commercial, commercial real estate and consumer loans being processed on AFS solutions for banks, including two-thirds of the top 25 U.S. banks and bank holding companies, we provide the technology that powers commercial lending transformation.

AFS is headquartered in Exton, Pennsylvania, a suburb of Philadelphia; its European subsidiary, Automated Financial Systems GmbH, is based in Vienna, Austria. For further information, visit www.afsvision.com.

AFS Media Relations:
Rene Baron Coady
Director of Marketing
+1 484-875-1120
rcoady@afsvision.com
 

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