EXTON,
Pa., March 12, 2024 /PRNewswire/ -- Automated
Financial Systems, Inc. (AFS) announced today that Metropolitan
Commercial Bank (the "Bank") (NYSE: MCB), is the latest bank to
choose AFSVision as their modern commercial lending platform.
"AFSVision is one of the leading commercial lending platforms on
the market, and it is well suited to accelerating our Core Banking
Modernization project." said Dixiana
Berrios, Executive Vice President and Chief Operating
Officer at Metropolitan Commercial Bank. "In addition to meeting
all our current needs, this platform will enable us to execute our
ongoing and future strategic initiatives. Metropolitan Commercial
Bank's expertise and experience will enhance AFSVision's
implementation, enabling continued growth, improved client
experience, higher profitability, and stronger risk
management."
AFSVision is the next-generation platform in commercial lending
systems offered by AFS. An integrated solution for all commercial
lines of business, its innovative open API design supports
end-to-end processing with a unique suite of integration
capabilities. AFSVision provides advanced servicing capabilities
including dashboards, workflows, accounting, pricing flexibility,
collateral management, escrow servicing, exposure tracking,
graphical data visualizers with a built in data analytic tool.
Enabling real-time management of any size commercial lending
portfolio, AFSVision provides a unified banking experience,
empowering financial institutions with 24/7, digital and mobile,
real-time access to better serve their customers.
"We are excited to partner with MCB and honored AFSVision's
modern, next-generation capabilities will play a critical role in
their digital transformation initiative," said Rick Bare, CEO and President of AFS.
"AFSVision is perfectly aligned with MCB's priorities and will
enable the Bank to focus on their core business while streamlining
processes, creating efficiencies, and enabling first class customer
experiences—now and into the future. We believe the ability to
support MCB further demonstrates our goal of offering a
sophisticated commercial loan system to regional-sized
institutions."
About Metropolitan Commercial Bank
Metropolitan Commercial Bank (the "Bank") provides a broad range of
business, commercial and personal banking products and services to
individuals, small businesses, private and public middle-market and
corporate enterprises and institutions, municipalities, and local
government entities.
Metropolitan Commercial Bank was named one of Newsweek's
Best Regional Banks and Credit Unions 2024. The Bank was ranked by
Independent Community Bankers of America among the top ten
successful loan producers for 2023 by loan category and asset size
for commercial banks with more than $1
billion in assets. The Bank finished ninth in S&P Global
Market Intelligence's annual ranking of the best-performing
community banks with assets between $3
billion and $10 billion for
2022 and eighth among top-performing community banks in the
Northeast region for 2022. Kroll affirmed a BBB+ (investment grade)
deposit rating on January 25,
2023.
The Bank is a New York State
chartered commercial bank, a member of the Federal Reserve System
and the Federal Deposit Insurance Corporation, and an equal housing
lender.
For more information, please visit the Bank's website
at MCBankNY.com.
About AFS
AFS is the global leader in providing
real-time, lending solutions to the world's top-tier institutions
as well as regional and de novo clients. 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 Vienna, Austria. For more information, please
visit afsvision.com.
Rene Baron Coady, AFS
Director of Marketing
rcoady@afsvision.com
+1 484 875 1120
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