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PNC Bank Using OakNorth’s Covid-19 Credit Framework

PNC Bank Using OakNorth’s Covid-19 Credit Framework

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EuropeFintech
··1 min read

Leading UK fintech OakNorth has announced today that PNC Bank is using its newly developed credit framework built in response to Covid-19; their new “COVID Vulnerability Rating” integrates over 130 proprietary sub sector-specific COVID-19 stress scenarios with geographic overlay; PNC is deploying this new technology across its business lending as well as commercial real estate portfolios; Rishi Khosla, co-founder of OakNorth said, “Never has the need for enriched underwriting, credit science and a forward-looking approach been more important in commercial lending than it is right now with the ongoing challenges posed by COVID-19. Instead of a playing for defense…we are working with lenders to enable them to get on the offensive, focusing on growing their business and orchestrating a consistent customer financing strategy.” Finextra

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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