SoftBank’s Vision Fund is planning to invest in the British banking startup according to sources; if it goes through it...
Like a majority of companies, OakNorth is taking a fresh look at forecasts for 2020; Nick Lee, a senior executive...
Two of the top digital banks are now joining forces to offer savings accounts; Monzo and OakNorth are teaming up...
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.
There has been a healthy level of new funding deals closed in recent weeks. What we want to do in...
Leading UK challenger bank, OakNorth, has released its 2018 results showing that profits increased to £33.9 million, a 220% increase...
Customers Bancorp which has $11.5 billion in assets is working with OakNorth to help monitor their loan portfolio; OakNorth will...
Philip Hammond is the former UK chancellor and foreign secretary; now he has joined OakNorth’s advisory board; Hammond stated to...
Barclays, Lloyds, NatWest, Santander, RBS, Ulster Bank, Danske Bank and Clydesdale & Yorkshire Bank are the eight banks that are...
Government-owned British Business Bank has added challenger bank OakNorth to its Help to Grow program; allows the company to receive loan funding of up to 2 million British pounds ($2.43 million); OakNorth is the first challenger bank to join the Help to Grow program; the funding follows a recent announcement of three new executive hires for OakNorth to support anticipated lending of 500 million British pounds ($608.39 million) in 2017. Source