AFS innovates, on a daily basis, to keep clients in touch with the latest functionality and analysis. Our press releases demonstrate this ongoing commitment to leadership and advisory services.
6/21/2021 - Exton, PA, June 21, 2021— Automated Financial Systems, Inc. (AFS®), a leading provider of software solutions and services to financial institutions, today announced the following organizational changes effective June 16, 2021: Richard Bare has been named as President and Chief Executive Officer. Melissa Hofer has been named as Senior Executive Vice President and Chief Operating Officer. Jeff Baldyga has been named as Senior Executive Vice President and Chief Administrative Officer and General Counsel. John Shain, the current President, has retired effective June 16, 2021.
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4/7/2021 - Exton, PA, April 7, 2021 – Automated Financial Systems, Inc. (AFS®) announced that AFS Level III™ and AFSVision® are ready for all four SOFR rate methods (including Credit Sensitive Spreads and Compounding Rate and Balance), as well as processing multiple alternative rates (ex., Ameribor, Bloomberg Short-term Bank Yield Index (BSBY), Fed Funds, and Prime Rate).
11/3/2020 - Exton, PA, November 3, 2020—Today, Automated Financial Systems, Inc. (AFS®), a global leader in commercial lending solutions to top-tier financial institutions that include two thirds of the top 25 U.S. banks, today announced that its Board of Directors has expanded its executive leadership team.
9/22/2020 - Exton, PA, September 22, 2020 — Today, Automated Financial Systems, Inc. (AFS®) announced the completion of full support for the new SOFR compounding in arrears rate methods.