ARMONK, N.Y. and PHILADELPHIA, Nov. 14, 2016 /PRNewswire/ -- IBM (NYSE: IBM) today announced that Automated Financial Systems, Inc. (AFS), a global leader in commercial lending to top-tier financial institutions is utilizing the IBM Cloud to expand its loan processing capacity to support its overall growth and market expansion.
AFS, whose clients include two-thirds of the top 25 U.S. banks and bank holding companies, turned to IBM Cloud Managed Services on z Systems which extends the scalable and security-rich processing capabilities of IBM z Systems in a hybrid cloud environment, to establish a new hosting and recovery plan that supports the 24/7 demands of offerings such as AFSVision, the only real-time, linear lending system that manages the commercial lending lifecycle from loan origination to account servicing and reporting. These newfound efficiencies have allowed AFS to expand existing client portfolios and onboard new clients into production much faster than ever before. IBM's delivery of a highly flexible operating environment allowed AFS to double its processing capacity, and run times for several critical AFS applications were improved with IBM Cloud Managed Services on z Systems - some by as much as 100 percent. "Our decision to adopt IBM Cloud Managed Services on z Systems was made with the knowledge that IBM consistently has delivered for clients and evolved alongside them for decades," said Mike Bogdash, Managing Director at AFS. "The efficiencies that we've received from this platform has boosted our processing capabilities and makes it possible for us to implement a client into production much quicker."