CARMEL, Ind.--(BUSINESS WIRE)--Baker Hill, a leading provider of technology solutions for common loan origination, relationship management and smart data analytics, announced they have been named for the second consecutive year to the IDC FinTech Rankings, ranking #94 on this year’s list. The most comprehensive vendor ranking within the financial services industry, the annual IDC FinTech Rankings is based on 2016 calendar year revenues attributed to financial institutions.
The IDC FinTech Rankings categorize and evaluate the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and services. These providers supply the technological backbone of the financial services industry, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to reach half a trillion dollars by 2018.
“Securing a spot on the IDC FinTech Rankings for two consecutive years is a huge accomplishment and attests to our team’s steadfast commitment in helping Baker Hill’s clients succeed and grow,” said John M. Deignan, President and CEO of Baker Hill. “Baker Hill continues to drive innovation through its cutting-edge solutions and being recognized by IDC renews our focus in serving as a strategic partner to financial institutions across the U.S.”
Baker Hill experienced a record year in 2017, launching Baker Hill NextGen™, the cloud’s most powerful, cutting-edge common loan origination, risk management, and analytics solution – created to help banks and credit unions of all sizes work smarter, make sound business decisions, and drive more profitable relationships. To showcase its latest innovations, the company presented Baker Hill NextGen™ at Finovate Spring earlier this year in San Jose, California. Baker Hill also held its largest user conference yet, Prosper 2017, where attendees gained in-depth knowledge of the company’s new solution and latest products. Baker Hill plans to build on this year’s momentum and anticipates 2018 to be an even greater success.
“The IDC FinTech Rankings, now in its 14th year, is the industry’s leading indicator of strength and longevity in the financial services technology market,” says Jerry Silva, Global Banking Research Director at IDC Financial Insights. “We applaud the organizations on this year’s rankings for their continued IT support of financial institutions globally.”
The IDC FinTech Rankings serve as a critical tool for financial services institutions to use during strategic planning and to review whenever they consider new investments in third party solutions. 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 IDC Financial Insights
IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc.com/financial, email email@example.com, or call 508-620-5533. Visit the IDC Financial Insights Community at http://idc-community.com/financial.
About Baker Hill
Baker Hill empowers financial institutions to work smarter and drive more profitable relationships. The company delivers solutions that streamline origination and portfolio management for business, consumer direct and indirect lending. Baker Hill 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 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.