Wolters Kluwer Financial Services and Baker Hill Strengthen Alliance
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Wolters Kluwer Financial Services
PO Box 75248
1070 AE Amsterdam, Netherlands
Press release date: July 10, 2007
Pair Will Interface Wolters Kluwer Financial Services' ComplianceOne Solution With Baker Hill's OnePoint and Bank2Business
MINNEAPOLIS and CARMEL, Ind., July 10 / -- Wolters Kluwer Financial Services and Baker Hill, an Experian company, announced the two companies are creating an interface between Wolters Kluwer Financial Services' ComplianceOne® solution and Baker Hill's Bank2Business® credit origination solution and OnePoint® relationship management platform.
Wolters Kluwer Financial Services' ComplianceOne solution allows financial organizations to create a complete loan, mortgage, deposit or IRA package from a compliance, work flow and data perspective on a single delivery platform. Organizations accessing ComplianceOne from Baker Hill's Bank2Business and OnePoint solutions will utilize ComplianceOne's loan documentation functionality. By doing so, organizations will be able to seamlessly transfer customer data from one system to another, eliminating redundant data entry and reducing the number of errors typically associated with re-keying such information. ComplianceOne and the Baker Hill systems' work flows are complementary.
Wolters Kluwer Financial Services and Baker Hill have also formed a cooperative marketing agreement under which Baker Hill will refer its clients to the ComplianceOne solution and Wolters Kluwer Financial Services will refer its clients to the Bank2Business and OnePoint solutions. These complementary solutions will enhance the clients' lending experience by minimizing the effort typically required by separate loan origination and document preparation systems.
"The interface between ComplianceOne and Bank2Business and OnePoint continues the tradition of Wolters Kluwer and Baker Hill working together to deliver integrated solutions that benefit financial organizations," said John Bryant, executive vice president of Banking for Wolters Kluwer Financial Services. "We're excited to be part of an effort that helps our clients increase their operational efficiencies and grow their businesses."
Wolters Kluwer Financial Services and Baker Hill have worked together over the course of the past several years to create interfaces between Wolters Kluwer Financial Services' Bankers Systems software solutions, including the ARTA lending and deposit documentation systems and the Rembrandt lending system with Baker Hill's Bank2Business and OnePoint solutions.
"We are pleased that our relationship with Wolters Kluwer is growing," said Joe Kuntz, president of Baker Hill. "The benefits of expanding our relationship will allow us to continue to enhance the offerings that we provide our clients."
Through an easy-to-use interface, the ComplianceOne solution leverages the common database structure and robust rules management capabilities found within Wolters Kluwer Financial Services' Expere solution. Expere draws upon a central content repository to deliver data through a state-of-the-art document generation engine. The rules within Expere are based on legislative and regulatory requirements for all 51 U.S. jurisdictions, an organization's specific business practices and policies, and Wolters Kluwer Financial Services' Bankers Systems' product line.
Baker Hill's OnePoint solution is a fully integrated business banking relationship management platform that helps a financial organization's business banking team cover more ground by working together. With the OnePoint solution, the entire team has a common view into a customer's total relationship and its impact on the financial organization. Data is shared, communications are improved, administration is streamlined and senior management gets a complete picture of the sales pipeline. Bank2Business is a hosted service that uses browser-based technologies to automate the business lending origination process. It manages the complete application process -- from inception through document preparation, to boarding and loan servicing.
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, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb(TM) and CCH Wall Street.
Wolters Kluwer Financial Services' solutions include integrated and stand-alone compliance and work flow 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 http://www.wolterskluwerfs.com/.
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2006) of euro 3.7 billion, employs approximately 19,900 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit http://www.wolterskluwer.com/.
About Baker Hill, an Experian Company Baker Hill delivers solutions that address business process needs and works as a trusted adviser to its banking clients. Baker Hill understands the banking 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 financial institutions in all industry segments have drawn on Baker Hill's business expertise and have chosen its relationship management, credit origination and portfolio risk-management solutions as their enabling technologies.
About Experian Experian® is a global leader in providing analytical and information 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 13,500 people in 36 countries worldwide, supporting clients in more than 60 countries. Annual sales are $3.5 billion.
For more information, visit the Group's Web site at http://www.experiangroup.com/.
Source: Wolters Kluwer Financial Services
CONTACT:Jennifer Marso, Director of Corporate Communications, +1-612-852-7912, Jennifer.email@example.com, or Chuck Miller, +Senior Public Relations Specialist, +1-320-240-5457, firstname.lastname@example.org, both of Wolters Kluwer Financial Services; or Susan Eckel, Manager, Public Relations of Baker Hill, an Experian company, +1-317-814-1221, email@example.com
Web site: http://www.wolterskluwer.com/