AFFINITY TECHNOLOGY GROUP ANNOUNCES
A SETTLEMENT OF ITS LAWSUIT AGAINST THE DIME SAVINGS BANK

Columbia, SC, January 22, 2001- Affinity Technology Group, Inc. (Nasdaq: AFFI) today announced that it has settled its lawsuit against The Dime Savings Bank of New York. Terms of the settlement were not disclosed pursuant to confidentiality restrictions of the settlement agreement.

Joe Boyle, President and Chief Executive Officer of Affinity, stated, "We are pleased that we were able to settle the matter, and we are now focusing our attention and resources on revenue and capital generating activities."

About Affinity Technology Group, Inc.

Affinity's technology enables financial institutions to link their branches, call centers, Internet customers, and indirect agents electronically to their credit departments, providing fully automated lending - and, if necessary, connectivity to a loan officer - through every channel. For financial institutions, Affinity's solutions expedite loan decisioning and processing and increase productivity and capacity of branch personnel, call center agents, loan officers, and indirect agents, while improving the overall customer experience. Affinity is located on the World Wide Web at www.affi.net.

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Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these statements involve several risks and uncertainties that may cause actual results to differ materially from those projected.