Automated Financial Systems (AFS) Delivers the Banking Industry?s First Basel II Segment Upgrade for Lending

Automated Financial Systems (AFS), the global leader in providing

commercial lending solutions to top-tier financial institutions, today

announced that it has officially shipped its Basel II segment upgrade

for AFS Level III, its commercial lending system. It is the first

solutions provider in the lending space to do so.
"Today´s segment

delivery is an important first step for financial institutions that are

required or are opting in to Basel II." said

John Shain, president, AFS. "Furthermore, in

the current, volatile financial services environment, data quality

integrity and transparency as seen through the lens of Basel II are

gaining momentum beyond the regulatory community. AFS is committed to

equipping leading financial institutions as they shore up data and

improve loan origination and administration, while exerting tighter

controls to ensure accurate reporting and, ultimately, Basel II

compliance."
Available to AFS Level III clients with Releases 8.3.0 and above, the

segment houses critical Basel II risk parameters required for regulatory

capital modeling and reporting "“ a framework

adopted by U.S. financial regulators in November 2007.
"Prior to Basel II´s

approval, Automated Financial Systems aggressively partnered with us

helping us understand how the framework would impact our business and

our ability to effectively compete in the market," said Joel Hill, senior vice president, SunTrust Bank. "The

new segment will speed our Basel II compliance and set the stage for

establishing our models, reporting and integration with our suite of AFS

solutions."
Basel II Segment Integrates Into the AFS Solutions Set
The Basel II data segment is designed for seamless integration into AFS

offerings that provide a comprehensive platform for the management and

use of data, including:

Origination capabilities through AFS Commercial Loan Origination

ensuring accuracy and quality of the Basel elements at the point of

new loan booking

Summary and detailed reporting on the Basel elements that are

integrated with the portfolio detail and segmentation capabilities of

AFS Lender Workstation, which supports analytics and distributed

reporting to credit and lending staff/management

Ongoing data maintenance capabilities through AFS Loan Administration

to facilitate inquiries and updates to the Basel Elements

Post-booking workflow and control capabilities through AFS Credit

Administration to provide a controlled, managed process for

maintenance of the Basel II elements, including exception management

capabilities.

Through integration, AFS is providing a single system of record for

critical Basel elements in Level III along with reporting, maintenance

and control capabilities to address the banks´ needs for accurate, quality information.
AFS Professional Services Can Fast-Track Implementation
AFS also offers professional services to assist clients as they

implement the new Basel II segment in connection with source data

quality and field population or repopulation as needed. AFS Professional

Services is also offering clients intensive analysis of their unique use

of Level III tied to associated data quality while helping clients

maintain the integrity of Basel II data and identifying opportunities

for taking control. Banks interested in obtaining the upgrade and

finding out more about AFS Solutions and Professional Services should

contact Karen Jorgenson, managing director, AFS via phone (+1

484.875.1354 or email (kjorgenson@afsvision.com).
About Automated Financial Systems
Automated Financial Systems (AFS) is the global leader in providing

commercial lending solutions to top-tier financial institutions. We work

with a majority of the world´s 50 largest

financial institutions to build lending processes based on a

straight-through model and on-demand technology and services. In doing

so, we partner with client banks to understand their organization´s

strategic goals and work proactively to achieve their business and

technology objectives. We also partner with the Risk Management

Association (RMA) to power the Risk Analysis Service, banking´s

industry-standard credit risk benchmark that gauges risk exposure among

peer banks, while enabling continuous improvement. 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 our website at www.afsvision.com.