Baker Hill Partners with Alloy to Help Financial Institutions Verify More Loan Applicants & Mitigate Fraud Risks
2/28/2023 3:34:57 PM
Baker Hill has partnered with Alloy, to help financial institutions verify more prospective borrowers digitally and ensure compliance throughout the loan origination process.
Baker Hill, a leading financial technology provider in delivering solutions for loan origination, risk management and analytics, has partnered with Alloy, an identity decisioning platform, to help financial institutions verify more prospective borrowers digitally and ensure compliance throughout the loan origination process.
Through the partnership, financial institutions using Baker Hill NextGen® can now leverage Alloy Onboarding, which features a single-API identity decisioning platform, connecting multiple data sources into customized workflows during account origination. As a result, banks and credit unions can verify prospective borrowers quickly and accurately with fewer manual reviews and less fraud while complying with KYC and AML requirements. With integrations to more than 170 data sources, Alloy also gives Baker Hill's financial institution clients more flexibility to use the fraud prevention and identity solutions they prefer in their loan origination workflows. Additionally, Alloy makes it easy to incorporate new data sources or adjust workflows, eliminating the need for community financial institutions to rely on coding or costly programming to make changes.