The OakNorth Credit Intelligence Suite Qorus Banking Innovation Awards 2022

The OakNorth Credit Intelligence Suite is the go-to SaaS solution for banks seeking transformative gains in efficiency, management overhead and acquisition cost, along with the enhanced ability to assess future risk and identify new opportunities. With continuous monitoring and the capacity to rapidly model multiple scenarios, such as climate impact, ON Credit Intelligence enables banks to more accurately manage their capital requirements and lend, confidently, throughout the entire economic cycle. Credit Intelligence is a data-driven approach to lending that gives lenders a bottoms-up, granular, forward-looking view at both the borrower and portfolio level, across 273 industries and industry forecast models, with extreme granularity (L5 NAICS code analysis). The ON Credit Intelligence Suite enables banks to incorporate scenario analysis, historical trends, and peer performance into their monitoring and annual review process. This enables them to take a risk-based approach to action and continue confidently lending through cycle without a start / stop approach. Built over five years by a team of 250 credit scientists and software engineers, it has powered OakNorth Bank into the top 1% of banks globally, measured by ROE and efficiency, and is being deployed by leading banks around the world, including: Capital One, PNC, Fifth Third and SMBC.