Automated Financial Systems and Advanced Computer Technologies to Provide Consumer Lending to Santander

    EXTON, PA., August 16 /CNW/ - Automated Financial Systems, Inc. (AFS),
and Advanced Computer Technologies (ACT) have teamed to provide
AFSCommerce(TM), an enterprise-wide credit and risk management solution. It is
the industry's only fully integrated lending solution designed to process all
types of loans (consumer, commercial, specialized assets, and investment
banking) on a single delivery platform. Integral to AFSCommerce is its unique
straight-through processing capability, encompassing the lending process from
loan request through payoff or asset sale, including the delivery of
management information.

    Under this new agreement, AFS and ACT will be providing AFSCommerce to
Santander Financial Service, Inc. (SFSI) of San Juan, Puerto Rico, a wholly
owned subsidiary of Santander BanCorp (Santander). The delivery will include
the AFS consumer lending system that will support operations in SFSI's 70
branches throughout Puerto Rico. Currently the second largest consumer finance
company in Puerto Rico, SFSI will access AFS' automated origination,
decisioning and underwriting modules, as well as core loan servicing and
collections via the AFSCommerce lending application. ACT currently services
Santander from its main offices in San Juan and also provides localized
computing services and content management throughout Latin America.

    "AFS and ACT will significantly automate existing lending processes,"
said Eugene S. Hudders, president of ACT. "It will enable our clients to
provide additional products to their clients more quickly and give them the
flexibility to respond to their customer needs and serve them more
efficiently. We expect our client's customers to benefit from added
convenience and enhanced responsiveness."

    According to Higol Teran, VP at ACT, "We currently provide numerous
services to the Santander Group and are pleased to work with AFS to bring
enhanced lending capabilities to this valued client. In partnership with AFS,
we believe that we are able to assure a best-of-breed consumer lending
solution for the Santander Group that will differentiate them competitively
and demonstrate their ongoing commitment to superior customer support." The
AFS and ACT partnership offers every customer in Puerto Rico a best-of-breed
consumer lending solution that will allow then to differentiate them
competitively and demonstrate their ongoing commitment to superior customer

    "We are very pleased to be partnering with ACT to introduce a
straight-through process for consumer lending at Island Finance," said John
Shain, president of AFS. "The combination of ACT's proven client relationship
with AFS' unique lending solution provides an unprecedented opportunity to
advance the lending process, increasing efficiency, enhancing customer
responsiveness, and providing additional intelligence for effective business

    About Santander Financial Services, Inc.

    Santander Financial Services Inc., headquartered in San Juan, Puerto
Rico, was acquired by Santander BanCorp in 2005. It provides consumer loans
and real estate-secured loans to customers through its 70 stores in Puerto
Rico, as well as sales finance contracts through retail merchants. The Company
has approximately $650 million in loan receivables in Puerto Rico,
representing about one-third of the island's consumer finance market share.
Island Finance has been a leader in consumer finance for over four decades in
Puerto Rico, and has the second largest market share of consumer finance
lenders on the Island. The Island Finance brand is one of the most recognized
brand names in financial services in Puerto Rico.

    About ACT

    Since its inception in 1994, ACT has become an industry leader in the
design and development of case management solutions and has built a successful
track record of providing customized outsourcing and web-based solutions to a
constantly expanding roster of clients. The Company's web-based applications
are a proven fusion of form and function that combine the latest design
techniques with advanced technology. The Firm specializes in developing
complex applications using user-friendly layouts structured in a way that
allows for simple navigation throughout the whole application. For more
information, contact ACT at

    About AFS

    AFS is the dominant provider of commercial lending software and services
to U.S. financial institutions, combining the systems, execution expertise,
and management information to mitigate risk, reduce costs, and increase
revenue. The firm is headquartered in Exton, PA; its European subsidiary,
Automated Financial Systems GmbH is located in Vienna, Austria. For further
information, visit AFS' website at

For further information:

For further information: Automated Financial Systems, Inc. (AFS) Rick
Bare, 484-875-1471

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