One of the mortgage industry’s most prominent technology and analytics providers, Black Knight Financial Services Inc., is rebranding itself a bit following planned shareholder activity on Wall Street.
The change isn’t huge – a simple, official and public shift to “Black Knight” in lieu of “Black Knight Financial Services” – but it’s one that the company says will “[clarify] its position as a leading provider of software, data and analytics to the nation’s top financial institutions.”
“Black Knight is ready to move forward as an independent company and continue producing results that exceed expectations for our clients, shareholders and employees,” says Black Knight Executive Chairman Bill Foley.
“Strategically, Black Knight will remain laser-focused on delivering our software and data and analytics capabilities through our integrated platforms, and developing innovative solutions that help our clients solve their most significant challenges and further our leadership in the industry,” he notes.
The change will officially take place once Fidelity National Financial Inc. (FNF) distributes its equity interest in Black Knight Financial Services Inc. to its shareholders – an announcement made late last year.
FNF anticipates that this distribution will be completed on Sept. 29. Then, a new public company, Black Knight Inc., will trade on the NYSE under the ticker symbol BKI beginning Oct. 2.
Black Knight offers software, data and analytics solutions to real estate, capital markets, origination, servicing and related organizations. Its notable clients include Wells Fargo and JPMorgan Chase.
“As our clients continue to search for ways to increase efficiency, enhance their operations and reduce risk and compliance exposure, Black Knight remains the right company at the right time to offer solutions and insight to help them overcome these complex business and regulatory challenges and optimize performance,” says Black Knight CEO Tom Sanzone.