OakNorth, a successful new challenger bank in the UK, is calling on the UK Treasury to use Brexit as an...
OakNorth’s latest partnership is similar to the one recently announced with Customers Bancorp; under the partnership, OakNorth will assist in...
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 has started to go global but not in the same way other digital banks are...
The company is currently valued at $2.8 billion and has lent $4 billion to British businesses with zero defaults; the...
Two of the top digital banks are now joining forces to offer savings accounts; Monzo and OakNorth are teaming up...
One of the UK’s hottest startups in the digital banking space is now bring their technology to the U.S. banking...
Like a majority of companies, OakNorth is taking a fresh look at forecasts for 2020; Nick Lee, a senior executive...
Rishi Khosla, chief executive and co-founder of OakNorth, told CNBC that eventually the company plans to make the move into China; "It is going to be a market that we will go into. It's just a question of when and how rather than if," Khosla explained at a fintech event last week.; talk of a move comes after China’s new central bank head said he is willing to open the market to foreign companies; OakNorth has said they are in discussions with a variety of countries across the globe about expansion plan. Source.
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.