Washington Trust Bank (WTB) has expanded its partnership with financial technology company Baker Hill to streamline its loan origination and portfolio risk management.

Following the agreement, Washington Trust Bank will migrate to Baker Hill NextGen solution.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The migration is expected to give the lender gain improved user interface that will adjust to the emerging needs of customers.

It will also enable clients to access all functions and data through a single platform.

Washington Trust Bank president and COO Jack Heath said: “We’ve been more than satisfied by our existing relationship with Baker Hill over the years.

“Being our trusted solution provider made choosing Baker Hill NextGen an easy decision and we look forward to continuing to grow with them in the future.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The earlier partnership enabled Washington Trust Bank to decrease the number of systems that were needed for their relationship managers to work with commercial and portfolio risk management.

Baker Hill president and CEO John Deignan said: “We are thrilled to expand our partnership with Washington Trust Bank into the logical next phase of collaboration.

“We’re looking forward to this evolution of the relationship with the expanded capabilities and software needed to support their requirements with Baker Hill NextGen.”

Founded in 1902, WTB employs over 1000 people and has 40 branches and offices in Washington, Idaho and Oregon with $7.2bn in assets.

The bank offers online loan application and consumer loan origination solutions to its clients.