Recognized for Lending Innovation | 2020 FinTech Breakthrough Award
3/24/2020 11:50:50 AM
CARMEL, Ind., March 11, 2020 – Baker Hill announced that its Baker Hill NextGen® solution has been selected as the winner of the “Best Loan Origination Platform” award in the 2020 FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.
Baker Hill NextGen® is a unified, cloud-based solution for loan origination, portfolio risk management and business intelligence, designed to meet the modern needs of financial institutions in a single platform. The Baker Hill NextGen® system empowers clients to aggressively compete while driving profitability with modern features for both loan origination and portfolio risk management.
The platform uses the most advanced, flexible, and scalable technology stack in existence today to allow for data and third-party integrations that financial institutions need. Baker Hill NextGen® also boasts integrations with more platforms than any other system available today, adding to the functionality and convenience of the single login system.
Additionally, the platform provides the highest level of internal and external information security. With industry-leading security and privacy measures, along with top certifications and accreditations, Baker Hill provides the industry’s most highly secure, resilient environment for institutions’ data.
“While the majority of financial institutions today are still using multiple, disjointed systems for loan origination and portfolio management, Baker Hill NextGen® “breaks through” with a modern bank loan origination system that empowers its customers with a powerful single platform,” said James Johnson, Managing Director, FinTech Breakthrough. “Specifically engineered to adapt to the evolving needs of banks and credit unions, Baker Hill NextGen® is our pick for ‘Best Loan Origination Platform’ and we are thrilled to recognize the Company on their well-deserved 2020 FinTech Breakthrough Award win.”
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2020 FinTech Breakthrough Award program attracted more than 3,750 nominations from across the globe.
“With the most comprehensive combination of loan origination and risk management functionality in a single platform, Baker Hill NextGen® empowers financial institutions to work smarter and drive more profitable relationships,” said John M. Deignan, chief executive officer and president of Baker Hill. “Notable client successes include a 62% time improvement in the creation of commercial credit memos for clients and a reduction in small business turnaround times from 7 days to less than 3 hours. We are proud of these real-world results for our clients and this 2020 FinTech Breakthrough Award is a fantastic validation of our hard work and success in this mission.”
About Baker Hill
Baker Hill empowers financial institutions to work smarter, reduce risk and drive more profitable relationships. The company delivers a single unified platform with modern solutions to streamline loan origination and portfolio risk management for commercial, small business and consumer lending. The Baker Hill NextGen® platform also delivers sophisticated analytics and marketing solutions that support sound business decisions to mitigate risk, generate growth and maximize profitability. Baker Hill is the expert solution for loan origination, portfolio risk and relationship management, CECL and analytics for financial institutions in the United States. For more information, visit www.bakerhill.com.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.