This week we sat down with OakNorth's Matt Bullivant, to talk about ESGs and fintech's advantage in data which could impact carbon emissions.
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.
At the Money20/20 show in Amsterdam several fintech company CEOs expressed confidence that big tech companies are coming to the...
Philip Hammond is the former UK chancellor and foreign secretary; now he has joined OakNorth’s advisory board; Hammond stated to...
OakNorth is looking to sell a $400 million stake in the company which is currently held by an investor; FT...
Speaking at an event in London today the CFO of OakNorth, Cristina Alba Ochoa, said that her company plans to...
Leading UK challenger bank, OakNorth, has released its 2018 results showing that profits increased to £33.9 million, a 220% increase...
Kaspersky Lab Sees Spike In Mobile Banking Cyberattacks Zero raises $20 million from NEA and others for a credit card...
Monzo announced earlier this month that it is teaming up with fellow UK challenger bank OakNorth to offer cash ISAs...
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