Automated Financial Systems, Inc. Announces New Container-Based Deployment of AFSVision

Rhea-AI Summary

AFS has announced the launch of a new container-based deployment model for its AFSVision platform, enabled by IBM’s Red Hat OpenShift. This cloud-native version enhances efficiency and security for financial institutions, allowing for easier installation across private, public, and hybrid clouds. Recently delivered to a U.S. subsidiary of a top global bank with over €2.5 trillion in assets, this release offers improved flexibility, scalability, and operational efficiency. AFS continues to lead in providing real-time lending solutions, processing over $3 trillion in loans daily.

Positive

• Introduction of a cloud-native, containerized version of AFSVision enhances deployment efficiency.
• Delivered to a top 5 global bank, signifying strong market adoption.
• Increased flexibility and scalability for clients using AFSVision.

Negative

• None.

EXTON, Pa.--(BUSINESS WIRE)-- AFS® reached another milestone in the delivery of the industry-leading, digital, real-time commercial lending platform—AFSVision—by providing a new container-based deployment model orchestrated by IBM’s (NYSE: IBM) Red Hat OpenShift.

This cloud native version of AFSVision offers significant benefits to all types of financial institutions to build their environments more efficiently and securely, and manage integrations within their ecosystem. With containers, and deployment automation, AFSVision can be installed more easily and consistently, regardless of whether the target environment is a private cloud, public cloud, or hybrid.

The containerized version of AFSVision was recently delivered to a U.S. subsidiary of a top 5 global bank with over €2.5 trillion in assets.

“This containerized release provides our customers with unmatched flexibility to run AFSVision in an auto scaling dynamic cluster that takes advantage of the Kubernetes ecosystem to simplify operations,” said Rad Laney, AFS Chief Information Officer. “This is a pivotal step in our modernization program that includes implementing DevSecOps with a secure (CI/CD) pipeline. By using containerization, we are able to deliver the value of AFSVision to more clients with increased flexibility, easier scalability, and greater efficiency gains.”

About Automated Financial Systems, Inc. (AFS)

AFS is the global leader in providing real-time, end-to-end lending solutions to the world’s top-tier institutions as well as regional and de novo institutions. Solely dedicated to the financial industry, AFS is uniquely positioned to support our client’s business and technology transformation, evidenced by our solutions processing more than $3 trillion in small business, commercial, CRE, wealth management, and syndicated loans daily. AFS clients have achieved measurable results in customer expansion, revenue increases and efficiency gains that outpace their competition. AFS is headquartered in Exton, Pennsylvania, with an office in Brussels, Belgium. For more information, please visit www.afsvision.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220308005142/en/

Rene Baron Coady, AFS

Director of Marketing

rcoady@afsvision.com

+1 484 875 1120

Source: Automated Financial Systems, Inc.

FAQ

What is the new deployment model for IBM's AFSVision platform?

AFS has launched a container-based deployment model for its AFSVision platform, utilizing IBM’s Red Hat OpenShift.

Which financial institution received the latest AFSVision deployment?

The new containerized version of AFSVision was delivered to a U.S. subsidiary of a top 5 global bank with over €2.5 trillion in assets.

What are the key benefits of the new AFSVision platform deployment?

The new AFSVision deployment offers enhanced efficiency, flexibility, scalability, and easier integration for financial institutions.

How much does AFS process in loans daily?

AFS processes over $3 trillion in various types of loans daily.

What modern technology is being utilized in the new AFSVision deployment?

The new deployment leverages containerization and the Kubernetes ecosystem for improved operations.