OakNorth

The ON Credit Intelligence Suite is deployed seamlessly alongside its bank customers’ existing commercial lending processes, enabling them to build deeper relationships with their clients, unlocking new opportunities, and delivering credit analysis 10x faster than traditional models – with lower risk and greater efficiency.

The OakNorth (ON) Credit Intelligence Suite delivers intuitive and simple user experiences, each designed with the needs of critical users in mind – Relationship Managers, Credit Analysts, Underwriters, Portfolio Managers, and Credit Executives. It is made up of three components: ON Portfolio Insights (Instantly segment your portfolio and rate loans based on level of vulnerability), ON Credit Analysis (360-degree view of borrowers with instant financial forecasting, sector insights, and peer analysis), and ON Porfolio Monitoring (Easily track industry trends and set early warning alerts for potential covenant breaches).

OakNorth is an AWS Financial Services Competency Partner.
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Relationship managers who are able to structure bespoke loans in days or weeks, resulting in a better customer experience and as a result, accelerated revenue and business growth.

Origination and credit teams who can transact several times more deals per year.

Larger data sets and Level 3 and 4 analysis to make informed decisions as well as more proactive monitoring, leading to better credit outcomes.

Launched in 2015, OakNorth is the next-generation credit platform that is redefining lending to lower mid-market businesses ($1-$25m loan size) globally.

• Data analytics: The platform continually consolidates, enriches, and integrates public, private, and alternative data sets, and organizes it using a proprietary domain model. Machine Learning models including peer analysis and sensitivity analysis allow lenders to create a more comprehensive, adaptable, and explainable risk profile, crucial for making accurate credit decisions.

• Credit analysis: The platform models a forward-looking view of a borrower’s financial situation, which is informed by industry benchmarks, macroeconomic drivers, and scenario analysis specific to that business. It continually calibrates itself to full model lifecycle with Bank actions and feedback, and with operational decisions and outcomes.

• Monitoring: The platform offers pre-built, customizable, intuitive, and easy-to-use dashboards. This enables enhanced scrutiny and monitoring of banks' borrower portfolios, with an option to drill down to individual loan level or roll it up at an industry or portfolio level.

NIBC wanted to enhance the efficiency and data-based insights of its credit analysis and monitoring of loans it does with lower mid-market businesses.

The partnership has seen a large portion of NIBC’s existing corporate loan book onboarded to the platform. The initiative is being supported by the OakNorth Academy – a training program exclusively available to OakNorth clients for their relationship managers and credit officers.

Through partnering with fintechs such as OakNorth, NIBC is able to further improve its operational processes, increase efficiency, and in the longer term, change the way it conducts business.