Jump to Content
ABA: The American Bankers Association

OakNorth

Diamond Associate Member

OakNorth
  • Contact:
  • Beth McEnery, Senior Director
  • 445 Park Avenue
  • New York, NY 10022
  • OakNorth
OakNorth Since 2015, OakNorth has been on a mission to empower growth businesses to make the world a more interesting, dynamic, and diverse place to live.

It is the creator of the ON Credit Intelligence Suite that transforms commercial lending by helping banks build deeper relationships with their clients, unlocking new opportunities, and delivering credit analysis 10x faster than traditional models – with lower risk and greater efficiency.

It gives relationship managers and credit professionals a granular, 360-degree view of the borrower based on historical data and, critically, a comprehensive forward-looking view using automated, continuous analysis of multiple drivers across the business, its peer group, and the wider economy.

Built over five years by a team of 250 credit scientists and software engineers, The ON Credit Intelligence Suite is a data-driven, cloud hosted technology that gives lenders a bottoms-up, granular, forward-looking view at both the borrower and portfolio level, based on expansive and dynamic data sets and sub-sector specific scenarios. It deploys automated, continuous analysis of multiple drivers across a borrower’s business, its peer group and the wider economy. This provides an independent, consistent, detailed framework that offers deep contextual insight and enables rapid underwriting, immediate stress-testing and more agile and targeted strategic lending.

We work with visionary banks around the world, including our own bank in the UK, OakNorth Bank plc, to build the future of commercial lending and help hundreds of thousands of growth businesses scale.

As a result of OakNorth Bank using the technology, it now ranks amongst the top 1% of commercial banks in developed markets in terms of performance (RORE of 23%, efficiency ratio of 27%, a borrower net promoter score of 80, and has been profitable since its 11th month of existence). OakNorth Bank was ranked by the Financial Times as the fastest-growing business in Europe in 2020 (FT 1000). In addition to this, the bank has profitably lent over $7B with no credit losses to date, directly helping with the development of 17,600 new homes and 22,500 new jobs across the UK.
  • Contact:
  • Beth McEnery, Senior Director
  • 445 Park Avenue
  • New York, NY 10022
  • OakNorth

Become an Associate Member

If you're interested in recognition, access, and exposure to the banking industry, become an Associate Member of ABA.