Technology powerhouse recognized as top global fintech provider for continued growth, rapid market adoption of flagship product, Baker Hill NextGen®
CARMEL, Ind.--(BUSINESS WIRE)--Baker Hill, a leading financial technology provider, delivering solutions for common loan origination, risk and relationship management, CECL, and smart data analytics, announced it has been named for the fourth consecutive year to the IDC FinTech Rankings, ranking among the top 100 global providers of financial technology.
In its 16th year, the IDC FinTech Rankings categorize and evaluate technology providers based on calendar year revenues from financial institutions for hardware, software and/or services. These providers supply the technological backbone of the financial services industry. In fact, according to PwC, global investments in fintech have more than tripled since 2014, reaching more than $12 billion.
“IDC is honored to recognize the technology providers that appear on the 16th annual FinTech Rankings,” said Marc DeCastro, Research Director at IDC Financial Insights. “These are the companies that have shown commitment to the financial services institutions and their appearance on the list is a testament to that dedication.”
Launched last year, Baker Hill NextGen® is more than just another bank loan origination system, empowering its customers with unprecedented core strength combined with risk management and powerful insights – all through a single platform. Leveraging its three decades of feature-rich solutions, Baker Hill completely rebuilt its legacy products, transforming them into the most innovative and only platform of its kind. Specifically engineered to adapt to the evolving needs of banks and credit unions, Baker Hill NextGen® is the intelligent choice for those who want to boost productivity, maximize convenience and lower costs of ownership. Supporting more than 20,000 bankers on its comprehensive loan origination and risk management platform, Baker Hill’s client roster currently manages $1.3 trillion, and growing, in commercial loan opportunities.
“Being named among the top financial technology providers for a fourth consecutive year is a testament to our hard work and dedication to innovation and continuous improvement,” said John M. Deignan, President and CEO of Baker Hill. “For over 30 years, we have helped financial institutions work smarter, and as a result, we continue to experience rapid growth and interest in our solutions. We look forward to continuing that commitment.”
IDC Financial Insights publishes a comprehensive report about the year's findings that is available to view or download here. For more information about the rankings, visit here and follow on Twitter @IDC and look for #IDCFinTechRankings.
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.