Bank One Selects AFSSolution for Middle Market Lending Division; AFSSolution Projected to Save Tens of Millions for Bank.

Business Editors/Hi-Tech Writers

EXTON, Pa.--(BUSINESS WIRE)--March 20, 2002

Automated Financial Systems, (AFS), today announced Bank One Corporation (NYSE:ONE), the sixth largest banking institution in the country with more $270 billion in assets, has selected AFSSolution(TM), a delivery consisting of the company's software and consulting services, as the platform for standardization of the middle market credit process.

The AFSSolution is expected to support dramatic improvements in operational efficiency and aggressive loan portfolio growth.

"This is a great new milestone for the company," said John Shain, president of AFS. "Bank One will utilize the full breadth of our market-leading solution set and participate in continued product evolution. Implementation of AFSSolution will allow Bank One to streamline, centralize and standardize back-office processes while building a best of breed IT infrastructure. Standardization of the bank's technology, and end-to-end automation of the lending platform will position the bank to achieve a new level of operational efficiency supporting disciplined loan growth and improved returns."

As part of the AFSSolution delivery Bank One will upgrade its existing AFS Level III software solution to the most recent version of the software for commercial, consumer, commercial real estate, asset based lending, dealer floor planning, budget tracking, and syndications.

Additionally, the Bank will deploy AFSXpress workflow capabilities to enable Bank One to radically improve both new loan booking and customer service operations.

Bank One will also implement AFS Lender Workstation, a Web-based delivery of dynamic and comprehensive reporting to all levels of the organization to support new revenue opportunities.

"By delivering the same consistent, actionable information to the entire organization the objectives of executive management and the actions of the Relationship Managers on the front line are linked in a way never before possible," said Shain.

"AFS' entire history is based upon fostering innovation and delivering it to our clients. We are pleased to continue this legacy with the innovative management team at Bank One," said Shain.

About AFS

Automated Financial Systems provides asset and liability products and services as an Application Service Provider (ASP) delivery through its e-business model called AFSCommerce. With more than 32 years of experience in delivering financial services software, AFS is the industry leader in the execution of lending and treasury management solutions for top-tier financial institutions.

Over $1 trillion in loans are currently processed on AFS' systems. The firm is headquartered in Exton, Pennsylvania. For more information go to http://www.afsvision.com.