Baker Hill, an Experian company and a leader in banking process solutions, today announced that Fifth Third Bank (Nasdaq: FITB) has chosen Portfolio Risk Advisor to monitor its small- business loan portfolio.
Fifth Third Bank will utilize the system as an extension of its small-business origination solution, Baker Hill's Bank2Business.
"Managing our large portfolio with an efficient use of staff makes a big difference," said Maurice Williams, Fifth Third Bank's vice president and director of Business Loan Centers. "Baker Hill's expertise in automating portfolio monitoring and the way in which the company has delivered other solutions to us made Baker Hill the clear choice."
One of the largest financial institutions in the country, Fifth Third Bank delivers small-business lending services through 1,110 locations primarily in the Midwest and Florida. The bank intends to utilize Portfolio Risk Advisor to centralize and standardize the monitoring of its small-business portfolio in order to redirect staff time and better serve its customers.
"Portfolio Risk Advisor will monitor Fifth Third's portfolio for key events and flag any accounts that merit special attention, providing them with a lift in efficiency and effectiveness," said Joe Kuntz, president of Baker Hill.
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