Chris Cazer Selected as President of IA Systems; Industry Veteran to Guide Vision for Lending Technology Company.ALBANY, N.Y. -- IA Systems, a provider of lending software and services for credit unions, banks and other financial institutions, announced that Chris Cazer has been promoted to president. The role of president is a new position and provides a clear succession path for when CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Deborah Ryan retires at the end of the year. Ryan, CEO since 2001, has elected to step down to pursue personal goals. During her tenure at IA Systems, the company more than tripled its revenue and doubled its client base. Ryan also led the development and launch of IA Systems' new web-based loan processing system, StreamLend Velocity. "The Board of Directors of IA Systems and I have complete confidence in Chris' ability to lead this company," Ryan said. "He has the industry insight, knowledge and leadership skills necessary to take IA Systems and StreamLend Velocity to new heights. This year's launch of StreamLend Velocity opened a new chapter for IA Systems. Our comprehensive, forward-looking technology will foster the success of many lending programs, and Chris is in an ideal position to guide those efforts." Cazer joined IA Systems in 2004. Prior to being named president, he was chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and oversaw o·ver·saw v. Past tense of oversee. approximately 75 percent of the company, which included product development and delivery, product management, consulting, client satisfaction and support, as well as the planning and production of the annual client conference. He began his career at the company as vice president of client services, where he led a large team of client services and support staff and implemented several new initiatives, including a client advocacy program, to ensure that each IA Systems' client receives superior service. Before joining IA Systems, Cazer was senior vice president of engineering and chief technology officer of Excelergy, a start-up company start-up company A new business. near Boston that develops enterprise software products for billing and customer care, commodity trading and financial markets. There, He was responsible for product engineering, product strategy, client delivery, customer support, and technical sales support. He also helped increase annual sales from $0 to $18 million in four years. Cazer refined his information technology expertise during a 12-year career at Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. , a company that manages in excess of a trillion dollars in assets, where he held several positions, including Vice President of Retail Technology and VP of Strategic Development. "IA Systems has developed into an innovative industry leader under the guidance of Deb Ryan," Cazer said. "I am proud to assume her well-developed initiatives and lead the company and our clients into the next generation of loan processing. I fully believe that our product, StreamLend Velocity, has the capabilities to make strong advances in the lending marketplace, and I look forward to being part of that progress." About IA Systems Since 1991, IA Systems has developed technology to streamline business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets for credit unions, banks, and other financial institutions. In 2000, St. Paul St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn.-based Securian Financial Group, with assets of more than $26 billion, purchased IA Systems, providing IAS See iPlanet Application Server. 1. (computer) IAS - The first modern computer. It had main registers, processing circuits, information paths within the central processing unit, and used Von Neumann's fetch-execute cycle. with a national sales force and the financial backing of one of the nation's largest independent distributors of insurance protection services for financial institutions. IA Systems' flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , StreamLend Velocity, is a paperless, web-based loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. system that simplifies, automates, and accelerates the lending process using industry-leading tools such as a user-centric browser browser Software that allows a computer user to find and view information on the Internet. The first text-based browser for the World Wide Web became available in 1991; Web use expanded rapidly after the release in 1993 of a browser called Mosaic, which used interface, configurable workflow, and modular, open-standards software design. The powerful and flexible web-based tools of StreamLend Velocity automate workflow, speed credit and loan decisioning, integrate sales channels, and manage risk for financial institutions, while decreasing operational costs and increasing loan processing efficiencies. For more information about IA Systems and its products and services, visit the company's Web site at www.IASystems.com, write 500 New Karner Road, Albany, N.Y. 12205, or call 800.803.7554 ext. 279. |
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