BOK Financial Upgrades to Baker Hill NextGen® in Newly Expanded Partnership
7/17/2023 2:33:25 PM
BOK Financial upgrade to a unified solution that streamlines loan origination and portfolio monitoring.
Baker Hill, the leading financial technology provider in delivering solutions for loan origination, risk management and analytics, today announced an expanded partnership with BOK Financial. The financial institution will upgrade to Baker Hill NextGen®, a unified solution that streamlines loan origination and portfolio monitoring.
Founded in 1910 and headquartered in Tulsa, Okla., BOK Financial offers wealth, commercial and consumer products and services to clients across the country. For over 100 years, BOK Financial has remained dedicated to building strong client relationships and fueling economic growth for the communities it serves. To further its mission, BOK Financial recently expanded its relationship with Baker Hill, with plans to upgrade to the Baker Hill's NextGen® Small Business platform to enhance the lending experience for business clients.
With Baker Hill NextGen®, BOK Financial will manage business credit requests of all sizes with greater speed and consistency while mitigating portfolio risk, enabling the financial institution to focus on relationship-building with its clients. Baker Hill's expertise in small business scoring automation was a key reason the company chose to upgrade to the company's flagship loan origination solution. Migrating to Baker Hill NextGen® will also equip BOK Financial to comply with the Consumer Financial Protection Bureau's (CFPB) regulatory updates to Section 1071, which will take effect in 2024.