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OakNorth boosts its Advisory Board with the appointment of Bruce T. Richards, former Senior Vice President at the Federal Reserve Bank of New York
NEW YORK, 09 December 2020; OakNorth, the Credit Intelligence software business, today announces the appointment of Bruce T. Richards to its Advisory Board.
OakNorth Appoints Two Women Tech Veterans to its Leadership Team
NEW YORK, 11 November 2020: OakNorth, the next-generation artificial intelligence software solution for the commercial lending industry, has today announced the appointment of Jessica Reiter as its CMO and Anya Darrow as its Vice President of Customer Success. Both women will be key members of the business’ Executive Leadership Team.
SMBC continues to lead the digital revolution of commercial lending, deploying OakNorth’s software
NEW YORK, 17th November 2020; OakNorth, the next-generation artificial intelligence software business, today announces the successful deployment of its credit intelligence software with SMBC (NYSE: SMFG). The partnership with OakNorth will provide SMBC with superior insight into its commercial loan book and borrowers in the US and Asia, as well as drive process automation and efficiency in its portfolio monitoring.
OakNorth appoints former FDIC board member, Jeremiah Norton, to its advisory board
OakNorth, the next-generation artificial intelligence software business, has today announced the appointment of Jeremiah Norton to its Advisory Board. Based in Virginia just outside of Washington D.C., Mr. Norton runs an independent regulatory advisory firm serving financial institutions.
Credit science platform, OakNorth, appoints Silicon Valley technology leader and entrepreneur, Raj Cherabuddi, as VP of Engineering
OakNorth, the next-generation credit science platform, has today announced the appointment of Raj Cherabuddi as VP of Engineering. With over 25 years’ experience working for Intel, Sun Microsystems, McDATA, and Teradata, as well as successfully starting, scaling and selling two tech companies, Raj is one of the Silicon Valley’s best engineers.
Credit science platform, OakNorth, appoints Salesforce veteran, Peter Grant, to lead global sales
OakNorth, the next-generation credit science platform, has today announced the appointment of Peter Grant to lead distribution and customer success. With over 20 years’ experience working with some of the largest and most successful enterprise software companies in the world, Peter is a leading expert in building go-to-market teams for SaaS companies.
OakNorth deploys its proprietary COVID-19 credit framework with one of the leading credit providers to middle market companies
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.
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.
Customers Bank increases its PPP commitment by 2.5x to $500m, using OakNorth to help support America’s small and medium-sized businesses
WYOMISSING, PA. (April 10, 2020) – Customers Bank (NYSE:CUBI) has processed loan applications totaling more than $200 million to help save American businesses and is expanding its capacity to process loans under the federal Paycheck Protection Program (PPP).
Customers Bank, the fintech-forward US lender, partners with OakNorth as it looks to significantly enhance its 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. Products and services are available across the U.S. wherever permitted by law through mobile-first apps, online portals, and a network of offices and branches. Customers Bank had assets of approximately $11.5 billion as of December 31, 2019. The partnership will help Customers Bank achieve its goals of increasing and expanding commercial client relationships while driving a lower efficiency ratio and bolstering its already outstanding credit and risk culture.
Newly-launched Dutch commercial real estate lender, OIMIO, to deploy OakNorth’s next-generation credit platform
OIMIO, a new commercial real estate lender focused on small and medium sized real estate investors (target loan sizes EUR 1m-10m) has launched in the Netherlands.
Former Chancellor of the Exchequer, Philip Hammond, joins OakNorth’s 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. In his role, he will work with OakNorth’s clients as well as senior policymakers around the world, to redefine lending to small and medium-sized businesses.
SoftBank-backed OakNorth appoints Google executive, Sunil Chandra, to lead the growth of its next-generation credit platform
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.
OakNorth, the next-generation credit platform, continues strengthening leadership team with appointment of Jackson Hull as CTO and COO
OakNorth, the next-generation credit platform, has today announced the appointment of Jackson Hull as its Chief Technology Officer (CTO) and Chief Operating Officer (COO). With over 15 year’s C-suite experience in London and San Francisco, Jackson is a leading expert in building high-volume eCommerce applications, global SaaS platforms, mobile and IoT platforms, as well as award-winning products and services in finance, fintech, travel, accommodation and retail
NIBC Bank and OakNorth sign five-year commercial agreement
OakNorth, the next-generation credit platform, has today announced the signing of a comprehensive five-year commercial agreement with NIBC Bank N.V., the Dutch bank that offers corporate and retail banking products and services.
OakNorth closes $440 million funding round
OakNorth Holdings has today announced that it has secured a $440 million investment from the SoftBank Vision Fund and the Clermont Group. OakNorth’s core strength lies in the speed and quality of its SME lending origination and credit capabilities, as well as its ability to monitor its loan portfolio – driven by its big data and machine learning platform, OakNorth Analytical Intelligence. The investment is subject to standard closing conditions and regulatory approval.
OakNorth closes $100m round at a $2.3bn valuation
ACORN OakNorth Holdings has today announced that it has secured $100m from the EDBI of Singapore, NIBC Bank, Clermont Group, GIC, and Coltrane Asset Management. The $100m represented 4.3% of the company. The capital will be used to accelerate the growth of ACORN machine and enable OakNorth to continue scaling its lending efforts in the UK.