Fiserv, Inc, a global provider of financial services technology solutions, has today announced a partnership that it says will bring the commercial lending capabilities of Automated Financial Systems, Inc (AFS) to Fiserv bank core account processing clients. The integration of AFSVision with account processing platforms from Fiserv will enable clients to efficiently expand their lending services to support complex commercial lending demands.
According to analysis by SNL Financial and AFS, between 2014 and 2015, the total dollar value of commercial real estate loans increased 10 percent and the total dollar value of commercial and industrial loans increased seven percent. The figures were significantly higher among financial institutions that have between $1 billion and $50 billion in assets, with the total dollar value of commercial real estate loans increasing 31 percent and the total dollar value of commercial and industrial loans increasing 30 percent.
“We’re committed to enabling growth for our clients, and, for some, that means expanding into commercial lending,” said Byron Vielehr, president, Depository Institution Services, Fiserv. “Commercial lending is an area that can quickly become complex, and requires sophisticated and specialised technology. The expertise of AFS in this space is well-known. By integrating our account processing platforms with AFSVision we enable our clients to efficiently and cost-effectively access the robust lending capabilities they need to grow and succeed.”