Apache Hadoop, Computer Vision (CV), Deep Learning, Elasticsearch, JAX framework, Machine learning techniques, Natural Language Processing (NLP), PyTorch, SPARK Programming, TensorFlow
Small and medium-size enterprises (SME) are one of the biggest drivers of growth and innovation in economies all over the world. Despite these companies being a powerful force in the economy, many SMEs find it difficult to raise capital during critical stages of their company growth. Traditional commercial lending is optimised to make loans that are either too small to be effective or too large and expensive to be practical. At OakNorth, our mission is to help lenders fill this gap which we refer to as the “Missing Middle.” We are building a SaaS platform called the Credit Intelligence Suite which transforms commercial lending by helping banks build deeper relationships with their clients, open new, more profitable opportunities, whilst delivering credit decisions up to ten times faster than traditional models, with lower risk and greater efficiency.
SME are crucial in global economy. Although they account for 99% of business in the UK/US, their financing need is increasingly difficult to be met by major banks, due to higher risk of default and heterogeneity of different sectors in SME.
To solve these challenges, OakNorth is building a SAAS platform to improve productivity of SME lenders. From credit appraisal, to loan monitoring, the OakNorth Machine Learning team has identified multiple key areas that can be optimised by recent advances in Machine Learning (ML), Natural Language Processing (NLP), Computer Vision (CV), and Information Retrieval (IR).
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SHORTDESCRIPTION
OakNorth is the creator of the ON Credit Intelligence Suite, the industry’s first ML-powered, data-driven technology that gives commercial lenders a forward looking, 360-degree view of their borrowers. These deep sector insights mean that Relationship, Portfolio, and Risk Managers can now truly engage with their clients, make better credit decisions, anticipate challenges and propose solutions.