Wolters Kluwer Financial Services Named “Preferred Partner” By Baker Hill
Designation Symbolizes Strong Alliance Between Two Providers And Integration Of Credit Origination And Compliance Platforms
MINNEAPOLIS – May 5, 2008 – Wolters Kluwer Financial Services announced today that Baker Hill has named the company a “Preferred Partner.” The designation symbolizes a strong alliance between the two leading financial services industry providers in which Baker Hill will actively promote Wolters Kluwer Financial Services’ ComplianceOne™ solution as the regulatory compliance solution of choice to be used with Baker Hill’s loan origination systems.
The two providers are currently implementing a series of interfaces between the ComplianceOne solution and Baker Hill’s retail and commercial lending platforms, Bank2Consumer® and Bank2Business®. Each interface to ComplianceOne will give Baker Hill clients the ability to manage all of the regulatory compliance risks tied to their lending lines of business using a single platform. By using the interfaces, Baker Hill customers will be able to seamlessly transfer data between a Baker Hill solution and ComplianceOne, eliminating redundant data entry and reducing the number of associated errors.
By using ComplianceOne, Baker Hill clients will also enjoy access to Wolters Kluwer Financial Services’ industry-leading compliance content that can help them meet regulatory requirements in all 51 U.S. jurisdictions. And they can take advantage of such in-demand functionalities as imaging, eSignatures and bar-coded documents.
“We want our clients to have greater flexibility in the way they originate loans and manage compliance,” said Joe Kuntz, Baker Hill’s president. “The combination of Baker Hill’s market-leading credit origination solutions with ComplianceOne will give our lenders everything they need from a work flow, data and compliance perspective to create profitable loans that meet all state and federal regulatory requirements as well any investor guidelines.”
“By strengthening this alliance, Wolters Kluwer Financial Services and Baker Hill will continue to build upon our shared commitment to providing our mutual customers with comprehensive technology solutions that help them address some of their greatest business and operational challenges,” said Dave Roy, vice president and general manager of Banking for Wolters Kluwer Financial Services. “And we’ll continue to back them with the superior service and support our customers have come to expect.”
About Baker Hill, a part of Experian
For more than two decades, Baker Hill has been focused on the financial services industry, delivering solutions that address business process needs and working as a trusted adviser to its clients. Baker Hill understands financial processes, knows how to implement technology to enable those processes and has a long history of client success from which to mine best practices. More than 1,200 organizations in all segments have drawn on the company’s business expertise to improve critical processes and have chosen Baker Hill’s relationship management, credit origination and portfolio risk-management solutions as their enabling technologies.
About Experian
Experian® is a global leader in providing information, analytical and marketing services to organizations and consumers to help manage the risk and reward of commercial and financial decisions. Combining its unique information tools and deep understanding of individuals, markets and economies, Experian partners with organizations around the world to establish and strengthen customer relationships and provide their businesses with competitive advantage. For consumers, Experian delivers critical information that enables them to make financial and purchasing decisions with greater control and confidence. Clients include organizations from financial services, retail and catalog, telecommunications, utilities, media, insurance, automotive, leisure, e-commerce, manufacturing, property and government sectors.
Experian Group Limited is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. It has corporate headquarters in Dublin, Ireland, and operational headquarters in Costa Mesa, Calif., and Nottingham, UK. Experian employs approximately 15,500 people in 36 countries worldwide, supporting clients in more than 65 countries. Annual sales are in excess of $3.8 billion.
For more information, visit the Group’s Web site on www.experiangroup.com.
The word “Experian” is a registered trademark in the EU and other countries and is owned by Experian Ltd. and/or its associated companies.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services®, AppOne®, GainsKeeper®, CCH® Capital Changes, NILS INsource®, AuthenticWeb™ and CCH® Wall Street.
Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and workflow tools, documentation, analytics, authoritative information and professional services. Customers include banks, credit unions, mortgage lenders and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.
Contact:
Jennifer Marso
Director of Corporate Communications
Wolters Kluwer Financial Services
1 612.852.7912
jennifer.marso@wolterskluwer.com