Affinity Technology Group announced Monday that Paul E. Adams, 46, has been named the company’s Senior Vice President of Sales. Mr. Adams replaces Clement Lamarre, 67, who recently retired.
“Paul is a widely respected figure with a proven record of strong relationship development in the banking industry,” said Murray Smith, President and Chief Executive Officer of Affinity. “We are delighted that he is joining Affinity’s management team.”
Mr. Adams will be responsible for sales of all Affinity products, including the company’s indirect automobile lending system and automated loan machines. He will also be responsible for development of strategic alliances to promote the sale of the company’s products.
Mr. Adams has more than 20 years of experience in the financial services industry. He has been a frequent speaker on credit cycle management and the application of new technologies at annual conferences for the American Bankers Association and the Consumer Bankers Association.
“Affinity’s outsourced loan processing technology enables financial services firms to quickly deploy origination, decisioning, and fulfillment capabilities in new or existing channels,” Mr. Adams stated. “From kiosks and Internet-based lending to vertical systems for indirect automobile financing, Affinity has the best solutions available to banks today.”
Mr. Adams spent 10 years with American Management Systems’ (AMS) Finance Industry Group, where he successfully marketed software and services to many large banks and financial services companies including American Express, Bank of America, Chrysler Credit, Citicorp and Sears. He also helped start a Risk Management Practice at AMS and served on a committee for client relationship development.
Prior to joining AMS, Mr. Adams worked for 10 years with Fair, Isaac Companies, where he initially assisted in the development of the automated strategic application processing (ASAP) system. He subsequently assumed responsibility for marketing and sales of the ASAP system, and later was instrumental in the launch of Fair, Isaac’s credit bureau pre-screening product, PreScore, and the introduction of SEARCH, their automated credit bureau interface package.
Mr. Adams worked for nine years as a communications engineer — spending four years in this capacity with the United States Air Force and five years in private industry. Mr. Adams holds a Bachelor of Science degree in computer science from Louisiana State University.
Affinity’s technology enables financial institutions to link their branches, call centers, indirect agents and Internet customers electronically to their credit departments, providing fully-automated lending — and, if necessary, connectivity to a loan officer — through every channel. Its major products include the Automated Loan Machine (ALM), which enables customers to receive loans in just minutes.
Affinity is headquartered in Columbia, South Carolina.Details