CARMEL, Ind.--(BUSINESS WIRE)--Baker Hill, a leading provider of technology solutions for common loan origination, relationship management and smart data analytics, announced that the company is among the top 100 organizations named to the 2016 IDC Financial Insights FinTech Rankings. Baker Hill attributes its inclusion on the list to its longevity in the industry as well as its dedication to fostering partnerships with the banks, credit unions, high-tech, and higher education clients it serves.
“It is an honor to be recognized by IDC Financial Insights for Baker Hill’s health and ongoing success,” said Naseer Nasim, CEO of Baker Hill. “Banks and credit unions have come to rely on Baker Hill to provide innovative technologies, services, and solutions for lending and business intelligence. We are proud to be considered a strategic partner and advisor to institutions large and small across the US and Canada.”
Now in its 13th year, the IDC Financial Insights FinTech Rankings categorize and evaluate the top global providers of financial technology 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, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to reach half a trillion dollars by 2018.
“Being positioned on the IDC Financial Insights FinTech Rankings demonstrates a fintech company’s commitment to the financial services industry and the success achieved at their financial institution clients,” states Karen Massey, senior analyst at IDC Financial Insights. “The IDC Financial Insights FinTech Rankings, now in its 13th year, is the global industry standard who’s who of financial services technology providers, and we congratulate the 2016 winners.”
Since Baker Hill was acquired by The Riverside Company in September 2015, the company has added 16 new financial institution clients and expanded its relationships with many existing clients. In addition to experiencing a rising demand for common loan origination solutions in response to heightened competition, Baker Hill has seen growing interest in its portfolio risk management and business intelligence tools. This recognition also signifies the company’s renewed focus on technology development and the importance banks and credit unions now place on data analytics for making informed, faster, wiser lending and business decisions.
The annual IDC Financial Insights FinTech Rankings has become an important measure of the health and direction of technology in the industry and the emergence of innovative solutions from new players. In addition, the IDC Financial Insights 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 3rd party solutions. IDC Financial Insights publishes a comprehensive report about the year's findings that is available to view or download here.
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.
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 firstname.lastname@example.org, or call 508-620-5533. Visit the IDC Financial Insights Community at http://idc-community.com/financial.