Speaking at an event in London today the CFO of OakNorth, Cristina Alba Ochoa, said that her company plans to...
Reuters reports the several digital banks in the UK are still awaiting word whether they can offer government-backed loans to...
Last year SoftBank’s Vision Fund invested $800 million in Greensill and $440 million in OakNorth; those two deals alone made...
Chris Skinner writes about the state of small business financing today and how alternative lenders are getting serious traction; companies...
UK based online SMB lender OakNorth said they nearly doubled profits to £65.9mn in 2019; the news was dampened a...
UK based digital bank OakNorth reported an annual profit of $149mn, becoming the first digital bank to do so; in their second year of full operations the bank has seen their loan book triple in size and deposits double in size; Rishi Khosla, OakNorth chief executive, told the Financial Times, “we build them for profit and on strong foundations so as you grow you’re scaling a real business rather than what happens to a lot of fintech where you just keep building for top-line or number of customers, but don’t necessarily have the strongest business model.” Source.
U.S. Bank launches app to take pain out of filing expenses Bankers Expect AI To Make Your Financial Life More...
Like a majority of companies, OakNorth is taking a fresh look at forecasts for 2020; Nick Lee, a senior executive...
UK challenger bank OakNorth has hired three new senior executives in anticipation of higher lending demand post-Brexit; Georgy Naydenov and Stuart Blair will join OakNorth as debt finance directors and David Webley was hired as a credit director; the bank's loan book has grown by 300% since the June referendum vote with loans of 300 million British pounds ($368.85 million); for 2017 it anticipates lending over 500 million British pounds ($614.75 million). Source
Leading UK challenger bank, OakNorth, has released its 2018 results showing that profits increased to £33.9 million, a 220% increase...