Baker Hill Nominated as “The Best Tech in Indiana” by TechPoint

Baker Hill recognized for launch of flagship product, Baker Hill
NextGen®, and its impact on financial services industry and Indiana’s
technology ecosystem

CARMEL, Ind.–(BUSINESS WIRE)–Baker
Hill
, a leading provider of technology solutions for common loan
origination, risk and relationship management, CECL compliance, and
smart data analytics, was selected by TechPoint,
the nonprofit, industry-led growth initiative for Indiana’s technology
ecosystem, as a nominee for its 20th annual Mira Awards presented by
Angie’s List and Salesforce.

Recognizing highly innovative and ground-breaking technology products,
Baker Hill has been nominated for “New Tech Product of the Year” for its
2018 launch of its flagship product, Baker Hill NextGen®. With the most
comprehensive combination of loan origination and risk management
functionality in a single platform, Baker Hill NextGen® empowers
financial institutions to work smarter and drive more profitable
relationships.

“Today, most financial institutions use multiple, disjointed systems for
loan origination and portfolio management, limiting their ability to
compete effectively with the largest institutions,” said Niles Bay, CTO
and COO of Baker Hill. “Banks and credit unions face more competitors
today than ever before, contending with alternative lenders like Kabbage
and OnDeck for market share. There is a need to supercharge
profitability while shrinking risk and loss; however, most solutions
today focus on one or the other, often forcing financial institutions to
make tough choices about where to focus their investments and resources.”

As a direct response to this industry-wide challenge, Baker Hill built a
system that addresses both loan origination (from online loan
applications to complete lending process management) and portfolio risk
management, making it possible for its clients to aggressively compete
while driving profitability. Leveraging its three decades of
feature-rich solutions, Baker Hill completely rebuilt its legacy
products, transforming them into the only platform of its kind
with a modern, roles-based user interface that works across all devices.

Bay added, “While a product facelift may have delighted most of our
clients, we leveraged our deep industry knowledge to truly innovate our
multiple legacy systems, reimagining how they could come together in a
single platform to meet the growing needs of the market and the
increasing demands of customers for anytime, anywhere loan origination
capabilities. Baker Hill completely redesigned its platform through a
collaborative approach, conducting extensive studies and round-the-clock
coding to create the most innovative system in lending history – Baker
Hill NextGen®.”

Baker Hill NextGen® is committed to helping institutions stay ahead of
regulatory changes. Most recently, the company dedicated significant
resources to help banks and credit unions turn the upcoming Current
Expected Credit Loss (CECL) requirements into a strategic advantage.
This new standard has been referred to by bank regulators as “the
biggest change ever to bank accounting” and is expected to have a
massive impact on the financial industry. Not only will CECL change the
way financial institutions conduct business – not just in lending, but
across all departments – but it will also impact how institutions manage
their capital.

“Since opening our doors nearly 35 years ago, Baker Hill continues to be
one of the industry’s leading financial technology providers while
creating local jobs and putting Indianapolis on the map as one of U.S.’s
rising tech hubs,” said John M. Deignan, President and CEO of Baker
Hill. “Today, Baker Hill and Baker Hill NextGen® have experienced
unparalleled success. We’re thrilled to be recognized for our efforts
and named a nominee for a Mira ‘New Tech Product of the Year’ award.”

“There is little doubt that tech will continue to be an area of
significant growth for Indiana, as we see local tech companies growing,
out-of-state companies opening offices here and large enterprises from
other industries becoming increasingly tech enabled,” said Mike
Langellier, CEO of TechPoint. “This is a special year, as we celebrate
the 20th anniversary of the Mira Awards, and we look forward to
recognizing the people, companies and places that are Indiana’s current
and future success stories.”

Winners will be announced at a black-tie awards ceremony and gala on
Saturday, April 13th at the JW Marriott — Indianapolis. The
Mira Awards gala—the biggest tech awards event in the state—celebrates
the people, products, companies and places chosen as “The Best of Tech
in Indiana.”

About TechPoint

TechPoint is the nonprofit, industry-led growth initiative for Indiana’s
technology companies and overall tech ecosystem. The team is focused on
attracting talent, accelerating scale-up companies, activating the
community, and amplifying stories of success. For more information,
please visit www.techpoint.org.

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 solve CECL calculations and
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 compliance
and analytics for financial institutions in the United States. For more
information, visit www.bakerhill.com.

Contacts

Augusta Bauknight
[email protected]
678.781.7214

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