CARMEL, Ind.--(BUSINESS WIRE)--Baker Hill, a leading provider of technology solutions for common loan origination, risk management, relationship management and smart data analytics, announced today that Vancouver, Wash.-based iQ Credit Union has selected its Baker Hill NextGen™ Business Intelligence solution to gain deeper insights into their products, branches, staff and members to support continued growth.
For several years, iQ Credit Union has experienced consistent growth in membership, loans and assets, currently maintaining just under $1 billion in assets. To sustain its outstanding business performance, the credit union sought to optimize its use of data to strengthen member relationships, increase wallet share and identify additional opportunities for growth. With Baker Hill NextGen™ Business Intelligence, iQ Credit Union will transform data into strategy, giving the credit union a clearer view of their members’ needs, empowering the credit union to drive highly-targeted marketing offers and enhance the member experience.
The Baker Hill NextGen™ Business Intelligence solution integrates all of a financial institution’s data to provide a complete visualization of profitability, delivering critical insight into an organization’s products, services, employees and account holders. This comprehensive perspective enables financial institutions to analyze, present and deploy targeted, strategic marketing and communications to increase profit and reduce risk. The solution helps banks and credit unions expand market share and ultimately, add value to each relationship.
“The more knowledge we have about our members and how they’re using our products, the better we can provide them with the services that best fit their needs, which is our top priority,” said DeWayne Ledbetter, senior vice president and chief financial officer of iQ Credit Union. “The actionable insight this solution provides will be particularly valuable as we expand and enhance the products we provide our members. With Baker Hill NextGen™ Business Intelligence, we are confident in our ability to execute dynamic marketing strategies and uncover opportunities for growth based on data.”
“We developed the Baker Hill NextGen™ Business Intelligence solution to help financial institutions maximize their potential and maintain a competitive advantage by leveraging one of their most valuable assets - data. With a comprehensive, data-driven view of a financial institution’s performance and profitability, executive leadership can make smarter business decisions for strategic planning and growth,” said Naseer Nasim, CEO of Baker Hill. “We believe iQ Credit Union’s strong, organic growth will only be enhanced through the increased visibility our solution delivers.”
About Baker Hill
Baker Hill empowers financial institutions to work smarter and drive more profitable relationships. The company delivers a single unified platform with solutions that streamline origination and portfolio management for business, consumer direct and indirect lending. The Baker Hill NextGen™ platform also delivers sophisticated business intelligence and revenue enhancement solutions that support sound business decisions to mitigate risk and generate growth. Baker Hill is the #1 provider of member business lending services, serving nearly 600 financial institutions, including more than 20% of the top 150 U.S. banks and 20% of the top 25 U.S. credit unions. For more information, visit www.bakerhill.com.