Arvest Bank Enhances Its Banking Solutions with Baker Hill
Arvest Bank, a prominent financial institution in the Midwest, has made a significant move to modernize its small business lending by expanding its partnership with Baker Hill. This collaboration is not just another business decision; it symbolizes a three-decade-long relationship marked by trust and shared values. The upgrade to the UN/FY™ platform showcases Arvest's commitment to innovation in the banking sector.
Strengthening Small Business Lending
With over $27 billion in assets, Arvest Bank serves more than 110 communities across several states. Its dedication to excellent customer service and community enhancement is well-known. The transition from traditional systems to a cloud-based solution with Baker Hill’s UN/FY™ platform indicates an important step towards enhancing the efficiency of small business lending. This strategic investment aims to streamline operations, making it easier for small business borrowers to access the loans they need.
Voices of Leadership
Speaking about this initiative, Brad Crain, the regional executive for enhanced banking services at Arvest Bank, emphasized the importance of choosing a partner that understands their unique needs. He noted, "As we looked ahead to the future of small business lending, Baker Hill stood out as a partner who not only understands our institution but continues to deliver technology that grows with us. The UN/FY platform gives us the flexibility, integration and efficiency we need to support our customers at scale."
Enhanced Capabilities for Better Service
The UN/FY™ platform equips Arvest Bank with tools that can revolutionize the entire small business lending lifecycle. Through innovative digital applications and streamlined underwriting processes, Arvest is poised to respond swiftly to borrower needs. This not only enhances customer satisfaction but also improves operational efficiency. Notably, the platform integrates seamlessly with existing systems, allowing for better data management and faster loan decision-making.
Proven Partnership
Arvest's decision to adopt Baker Hill’s technology springs from a history of successful collaboration. Over the years, the bank has evolved with Baker Hill from earlier iterations of their platform to the current state-of-the-art solutions. This continued investment reflects Arvest's unwavering confidence in Baker Hill’s commitment to deliver measurable results and innovative solutions.
A Future of Innovation
As Arvest Bank continues to explore new integrations and capabilities across its commercial banking operations, this expansion with Baker Hill sets the groundwork for further innovations. The union represents a forward-thinking approach to banking, focusing on customer needs and technological advancements.
About Baker Hill
Baker Hill stands as a leader in providing cutting-edge lending technology tailored for banks and credit unions throughout the United States. Their platform facilitates the processing of over $7 billion in lending originations every month, aiding financial institutions in improving their lending processes. With a focus on innovation, Baker Hill helps organizations Lend Better, Lend Faster, and Lend More™.
About Arvest Bank
As a full-service bank, Arvest has been dedicated to delivering financial solutions for individuals and businesses since 1961. With a commitment to helping communities flourish, the bank operates more than 200 locations across multiple states and is recognized as an Equal Housing Lender and Member FDIC.
Frequently Asked Questions
What is the significance of the partnership between Arvest Bank and Baker Hill?
The partnership represents a long-standing relationship focused on improving small business lending through innovative technology and shared values.
What solutions does the UN/FY™ platform offer for small business lending?
The platform provides tools to digitize the lending process, from applications to underwriting, enhancing efficiency and customer experience.
How does Arvest Bank maintain its commitment to community service?
With a focus on customer service and community investment, Arvest Bank aims to provide tailored financial solutions that support local economic growth.
What advancements can we expect from this partnership?
Expect continuous innovations in small business lending services and streamlined operations, ensuring faster loan processing and a better borrower experience.
How has Baker Hill evolved over the years?
Baker Hill has continuously updated its technology, transitioning from earlier platforms to the current UN/FY™ solution, showcasing its ability to innovate and grow with client needs.
