| Business Summary | | Affinity
Technology
Group,
Inc.
develops
and
markets
technologies
that
enable
financial
institutions
and
other
businesses
to
provide
consumer
financial
services
electronically
with
reduced
or
no
human
intervention.
Through
its
wholly
owned
subsidiary,
Surety
Mortgage,
Inc.,
the
Company
also
originates
and
processes
mortgage
loans.
The
Company's
DeciSys/RT
processing
system
automates
the
processing
and
consummation
of
consumer
financial
services
transactions.
DeciSys/RT
can
simultaneously
accept
and
capture
consumer
information
through
remote
input
devices,
such
as
touch-screen
terminals
or
terminals
used
by
loan
officers,
and
automatically
interact
with
credit
bureaus
and
other
third
parties
that
supply
information
necessary
to
process
a
consumer
financial
transaction. | More from
Market Guide: Expanded
Business Description |
| Financial Summary | | AFFI
develops
and
markets
technologies
that
enable
financial
institutions
and
other
businesses
to
provide
consumer
financial
services
electronically
with
reduced
or
no
human
intervention.
For
the
three
months
ended
3/31/01,
revenues
rose
from
$353
thousand
to
$1.2
million.
Net
loss
fell
60%
to
$729
thousand.
Revenues
reflect
an
increase
in
the
number
of
mortgage
loans
processed
and
a
lawsuit
settlement.
Lower
loss
reflects
improved
gross
margins
and
lower
personnel
costs. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
743;
after
tax
earnings
were
-690. (Preliminary; reported in thousands of dollars.) | More from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joseph Boyle, 47 Chairman, Pres, CEO, Chief Financial Officer | $140K | Gina Champion, 37 Sr. VP, Gen. Counsel, Sec. | 108K | Terrence Sabol, Sr., 54 Sr. VP- Technology | 140K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More from
Market Guide on Officers & Directors: Expanded List, Bios,
Compensation, Options
|
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