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

November 02, 2017, 08:00 AM
Filed Under: New Product

Automated Financial Systems, Inc. (AFS®) 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.”

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