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August 11, 2022
Finance Technologies

OakNorth partners with major US lender PNC Bank

OakNorth has announced its biggest US banking customer yet: PNC Bank, a subsidiary of PNC Financial Services which turned over roughly $21 billion last year. The UK fintech, which began outsourcing its self-built lending technology to banks abroad in September 2018, will be deploying its COVID Vulnerability Rating (CVR) Framework across the bank’s commercial & industrial (C&I) and commercial real estate (CRE) loan books. “We are working with lenders to enable them to get on the offensive,” says OakNorth’s co-founder [Photo by Blue MauMau, CC BY]The solution, designed to help commercial lenders quickly assess risk accurately in the current crisis environment,…
OakNorth partners with major US lender PNC Bank

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