Baker Hill forges partnerships with Allied Solutions and Experian
With a pair of newly-announced deals, Baker Hill continues to deliver what company president and CEO John M. Deignan calls “the cutting-edge technology and comprehensive analytical intelligence our clients need to compete and win in today’s lending environment”.
David Penn at Finovate (Banking Technology‘s sister company) reports that Baker Hill has partnered with Allied Solutions, which will refer Baker Hill’s suite of loan origination, risk management and business intelligence solutions to its FI clients.
The partnership will also give Allied Solution’s 4,000 clients access to Baker Hill NextGen, the company’s cloud-based, end-to-end loan origination, portfolio risk management and decision support system.
“Baker Hill’s platform is designed to accommodate the growing needs of financial institutions, and their consumers, by providing critical business insight and streamlined service,” Allied Solutions CMO Dave Underdale says. “(This is) something that can only empower financial institutions as they continue to grow and evolve their businesses.”
The company has also teamed up with Experian to give its clients access to Experian’s business credit services. Deignan says the partnership would leverage both companies’ strengths with regards to “mitigat(ing) credit risk while enhancing profitability”.
Experian Business Information Services President Hiq Lee highlighted FIs’ growing reliance on data and predictive analysis, praising the agreement as a way to “ensure their clients receive comprehensive, third-party-verified information on 99.9% of all US companies”.
Baker Hill serves nearly 600 FIs, including 20% of the top 100 banks and top 25 credit unions. It was founded in 1983 and is headquartered in Carmel, Indiana.
In September, the company teamed up with Bolts Technologies to offer a streamlined account opening solution for FIs. The same month, Baker Hill announced that Kentucky-based People’s Bank and Trust would use its NextGen Statement Spreading to enhance its underwriting process.