OakNorth - News, Articles & Research

Company announcement/retail

PNC starts using OakNorth Covid-19 credit framework

OakNorth, the next-generation credit and monitoring platform, today announces the signing of a commercial agreement with PNC Bank (NYSE: PNC), one of the leading credit providers to middle market companies across the country.

03 June 2020

Company announcement/wholesale

Modern Bank partners with OakNorth to support US businesses through the Covid-19 crisis

OakNorth, the next-generation credit analysis and monitoring platform, and Modern Bank N.A., the FDIC-insured, full-service commercial bank headquartered in New York City, have today announced a strategic partnership to support US businesses through the COVID-19 pandemic.

14 April 2020

Company announcement/retail

Customers Bank enlists OakNorth to boost credit monitoring and portfolio management

OakNorth, the next-generation credit and monitoring platform, today announces the signing of a commercial agreement with Customers Bank (NYSE: CUBI), which is a full-service bank that provides a range of banking and lending services to small and medium-sized businesses, professionals, individuals and families.

08 April 2020

Company announcement/wholesale

OakNorth calls for changes to Coronavirus Business Interruption Loan Scheme

OakNorth Bank calls for several changes to the Coronavirus Business Interruption Loan Scheme (CBILS) to ensure it can succeed in supporting British businesses through the Covid-19 crisis.

02 April 2020

News/wholesale

OakNorth CFO: SMEs need agile assistance from UK government amid Coronavirus crisis

UK SME lender OakNorth has called for a more agile approach from the government to assist businesses through this period of turbulence caused by the Coronavirus pandemic.

17 March 2020

Company announcement

OakNorth Bank sees pre-tax profits jump 95% in 2019 to £65.9m

OakNorth Bank – the UK bank powered by OakNorth – has today published its 2019 Annual Report, revealing that it nearly doubled pre-tax profits last year to £65.9m – up from £33.9m in 2018.

09 March 2020

Company announcement/retail

Dutch real-estate lender Oimio signs technology deal with OakNorth

OIMIO, a new commercial real estate lender focused on small and medium sized real estate investors (target loan sizes EUR 1m-10m) launched today in the Netherlands.

31 January 2020

Company announcement/retail

Former chancellor Philip Hammond joins OakNorth advisory board

OakNorth, the next-generation credit platform, has today announced the appointment of Phillip Hammond, former Chancellor of the Exchequer, to its Advisory Board.

27 January 2020

News

If you can’t beat them, join them: Fintech partnerships are here to stay

With commercial models, value chains and M&A activity emerging as a leading theme of Money 20/20’s upcoming conference in Las Vegas, we explore how financial institutions are leveraging the opportunity to collaborate with incumbents and disruptors across the space.

22 October 2019

News

Where do incumbents look for game-changing innovation?

How can the established players in financial services deliver meaningful game-changing innovation? What are the challenges in building this from scratch and does the key lie in partnerships with fintechs and start-ups?

14 October 2019

Company announcement/retail

OakNorth appoints Google exec Sunil Chandra CEO, platform business

OakNorth has today announced the appointment of Sunil Chandra as CEO of its next-generation credit platform to lead the growth of the business with co-founders Rishi Khosla and Joel Perlman.

07 October 2019

News/cloud

What are the benefits of being born in the cloud?

An increasing number of challenger banks, neobanks and digital offshoots are being born in the cloud and the technology is now being used by traditional banks and new players alike for all IT needs. Banks that are born in the cloud are at an advantage because legacy players that are in the process of migrating to the cloud are struggling with application modernisation, data centralisation and security.

03 September 2019