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

Once again, lenders across the US have been inundated with applications and are struggling to keep up with demand. By Sean Hunter, CIO The Small Business Administration’s Paycheck Protection Program (PPP) launched on 3rd April providing $349bn to help small businesses get funding for payroll. The Program is 100% guaranteed by the government and fully […]

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Banking on data and machine learning-driven credit analysis

Banking on data and machine learning-driven credit analysis By OakNorth 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. Provisioning is up resulting in an over 50% decline in profits. The results factor in approximately […]

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Using unconventional data is key to assessing commercial lending risk

Using unconventional data is key to assessing commercial lending risk By Sean Hunter, CIO at OakNorth When it comes to commercial lending, credit analysis is an essential part of the process. Banks need to assess the ability of a business to sustain a certain level of debt and repay loans, but a lack of data […]

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