Blog

Here you'll find the latest news and expert views from the team

Building bridges: how the UK and Australia are working together to strengthen each other’s fintech ecosystem

It’s been two years since the launch of the UK-Australia Fintech Bridge and in that time, the Bridge has enabled high levels of regulatory cooperation, the sharing of best practice, and created a model of success for how such a Bridge should work...

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Managing COVID-19 Credit Risk

The current COVID-19 pandemic presents an era-defining challenge to not just the public health sector but to the resilience of the entire global economy. OakNorth has developed a data-backed quantitative framework to help lenders navigate this crisis...

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If lenders are struggling with PPP, wait until they hit Main Street

If lenders are struggling to keep up with demand for PPP loans which are 100% guaranteed and require minimal credit underwriting, imagine how they’ll fare with a program that’s focused on providing larger loans, where they take a portion of the risk, and that will require an ongoing credit commitment from the lender. Enter the Fed’s Main Street Lending Program (MSLP)...

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Banking on data and machine learning-driven credit analysis

We are just past the half time in the earnings season. The March quarter results of banks across US, Europe and other developed markets post a fairly grim picture. COVID fallout on the banking sector will fully unfold over the next 6-9 months. Analysts believe that the worst is yet to come...

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The future of commercial lending lies in leveraging artificial intelligence to enhance humans, not replace them

In recent years, hundreds of thousands of articles have been published about the inevitability of machines one day replacing humans. Some of the world’s greatest entrepreneurs and thinkers from Bill Gates to Elon Musk have predicted that artificial intelligence will “make jobs irrelevant” [...]

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OakNorth Credit Science: the new discipline we’ve created to redefine borrowing for the Missing Middle

When it comes to commercial lending, credit analysis is an essential part of the process which involves a combination of skill and human judgement. But credit analysis faces three related challenges: finding all the data required, making sense of it, and applying these insights to understand a business. At OakNorth, we've created a framework to tackle these challenges, known as "OakNorth Credit Science" [...]

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OakNorth: Machine Learning-Driven Business Lending

This case study details how OakNorth Bank leveraged the OakNorth Platform to achieve unprecedented success lending to mid-market businesses, which led to Celent awarding OakNorth the 2020 Model Bank Award for Lending as a Platform.

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A Generative Model for Finding Industry-Specific Keywords

Company descriptions provide a wealth of information regarding a company’s business model and can be a very useful source of information for finding company peers. However, due to the nature of natural language, certain equivalent concepts can get expressed in many different ways. This can confound peer suggestions and lead to potentially missed peers. To […]

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The importance of data when it comes to lower mid-market business lending

One of the features of our product is a batch upload functionality, which allows users to batch upload multiple files of various types and contents. Depending on the file type and the content of the file, different pipelines may be triggered of each of the file/content types.

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Going from natural language to structured ElasticSearch queries

OakNorth stores a lot of structured information on companies in an ES index, providing users with an elegant way of searching through a rich database of companies. However, our credit analysts frequently want to filter their searches based on certain field properties (e.g. operating country of a company). 

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