EXTON,
Pa., Sept. 17, 2024 /PRNewswire/ -- Tesselate,
a leader in corporate banking innovation and integration services,
is excited to announce a strategic partnership with Automated
Financial Systems, Inc. (AFS), a renowned provider with over 50
years of experience delivering premier lending solutions to
financial institutions of all sizes. Together, Tesselate and AFS
will bring forward groundbreaking solutions to reshape the
landscape of commercial lending.
AFS has set itself apart by specializing solely in commercial
lending, offering comprehensive solutions that span Commercial and
Industrial (C&I) lending, Commercial Real Estate, SME lending,
and Syndications. Over the years, AFS has managed an impressive
$3.1 trillion in exposures, and
managing major system platform transformations, demonstrating their
expertise in data movement, mapping, and seamless execution.
In this partnership, the AFS solution will be integrated with
Tesselate's Marble platform, creating a powerful synergy. This is
designed to streamline commercial lending operations. The
integrated solution will empower financial institutions to
focus on their core banking business, instead of occupying
themselves with running IT systems, building complex integrations
and focusing on their underlying technology.
"Tesselate is thrilled to collaborate with AFS, combining our
expertise in corporate banking innovation with their deep knowledge
of commercial lending," said Tim Pingnet, lending domain lead and
managing partner at Tesselate group. "By plugging the AFS solution
into Marble, we're offering a solution that brings unprecedented
efficiency and agility to financial institutions, driving progress
in an ever-evolving market."
As an expert integrator, Tesselate will ensure that clients can
seamlessly adopt the AFS solution within the Marble lending
ecosystem, optimizing their digital capabilities while remaining
on-time and on-budget. Tesselate's deep knowledge of corporate
banking and its innovative approach to integration, ensures that
this partnership will be a game-changer for financial institutions
seeking to modernize and scale.
"Partnering with Tesselate allows AFS to continue delivering the
reliability and precision our clients expect, now enhanced by the
cutting-edge technology and innovative approach Tesselate brings to
the table," said Rick Bare, CEO of
AFS. "This partnership ensures our clients can take full advantage
of the most advanced solutions on the market while maintaining the
high standards of service and accuracy that AFS is known for."
AFS is excited about this expansion into the EMEA market
with Tesselate. This represents a strategic milestone and
additional opportunities for AFS. Dean
Snyder, EVP, Head of Business Solutions, remarked, "Entering
the EMEA market with Tesselate is a significant expansion for AFS.
This allows us to bring our industry-leading solution to a broader
market."
This collaboration represents a commitment by both Tesselate and
AFS to innovate within the commercial lending space. It will seek
to drive the financial services industry forward by integrating
leading technology with unmatched industry expertise.
About Tesselate:
Tesselate specializes in corporate
banking solutions and integration services, driving innovation and
efficiency within financial institutions. With a focus on
cutting-edge technology and scalable solutions, Tesselate empowers
clients to thrive in the competitive and rapidly evolving digital
economy. www.tesselategroup.com.
About AFS:
With over 50 years of experience, Automated
Financial Systems, Inc. (AFS) is a leader in providing premier
lending solutions and capabilities to financial institutions
worldwide. Focused exclusively on commercial lending, AFS delivers
proven implementation services that help institutions operate
efficiently and effectively. www.afsvision.com.
For media inquiries, please contact:
Mehdi Essalhi
Digital Marketing Manager
Mehdi.essalhi@tesselategroup.com
Rene Coady
Marketing Manager
rcoady@afsvision.com
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SOURCE AFS