Baker Hill Recognized in the 2018 IDC FinTech Rankings by IDC Financial Insights
- Consultancy , Infrastructure
- 03.10.2018 07:11 am
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 third consecutive year to the IDC FinTech Rankings, ranking among the top 100 global providers of financial technology. The annual IDC FinTech Rankings are based on 2017 calendar year revenues attributed to financial institutions.
The 15th annual 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 2020.
“A place on the IDC FinTech Rankings is a significant accomplishment, demonstrating a provider’s commitment to the success of its financial institution clients,” states Karen Massey, Research Manager at IDC Financial Insights. “The IDC FinTech Rankings, now in its 15th year, is the global industry standard register of financial services tech providers, and we congratulate the 2018 winners.”
Baker Hill’s mission is to provide innovative technology and services to drive their clients’ success and profitability, address regulatory and competitive pressures and ensure a positive experience for their own customers. The company’s continuous product innovation and development is driven by Baker Hill’s passion for excellence, energized employees and world-class client experience.
The company has demonstrated a renewed commitment toward this mission with the completion of Baker Hill NextGen®, which supports the origination of commercial, small business and consumer loans, risk management and the execution of data-driven marketing strategies all on a single platform. The company’s expanding client base illustrates the growing demand for leading-edge technology like Baker Hill NextGen®.
In response to the Financial Accounting Standards Board’s Current Expected Credit Loss (CECL) standard, Baker Hill also recently launched Baker Hill NextGen® CECL, an innovative solution that can serve as a standalone module or integrate seamlessly into Baker Hill’s existing loan origination system. The company’s CECL solution provides financial institutions with the ultimate holistic view of risk in a comprehensive framework to establish, evaluate and validate credit risk to support compliance with the new standard.
“We are proud to rank among the world’s top financial technology providers and secure a position on the IDC FinTech Rankings for the third consecutive year,” said John M. Deignan, President and CEO of Baker Hill. “At Baker Hill, we strive to develop leading-edge solutions that promote continuous innovation. Being named to the IDC FinTech Rankings highlights the value that Baker Hill brings to financial institutions and shows our steadfast commitment to serving the financial technology industry.”
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 HEREand follow on Twitter @IDC and look for #IDCFinTechRankings.