Resources for Basel II Capital Accord (Basel II)

AFS delivers Basel II segment upgrade for lending

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Automated Financial Systems, a provider of commercial lending solutions, has officially shipped its Basel II seg
ment upgrade for Automated Financial Systems Level III, its commercial lending system. Through integration, AFS will provide a single system of record for critical Basel elements in Level III along with reporting, maintenance and control capabilities to address the banks's needs for accurate, quality information.

John Shain, president of AFS, said: "Today's segment delivery is an important first step for financial institutions that are required or are opting in to Basel II. Furthermore, in the current, volatile financial services environment, data quality, integrity and transparency as seen through the lens of Basel II are gaining momentum beyond the regulatory community."

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