OakNorth - News, Articles & Research

OakNorth to embed GPT tools from OpenAI across its business

OakNorth, the UK digital bank for SMEs, has signed a deal with OpenAI to embed generative AI technologies across its business.

07 May 2025

Company announcement/wholesale

OakNorth acquires Michigan-based Community Unity Bank

OakNorth, the leading commercial digital bank for entrepreneurs by entrepreneurs, today announces that it has agreed to purchase Community Unity Bank (CUB), the home-grown, FDIC-insured community bank based in Birmingham, Michigan, in a stock for stock transaction.

17 March 2025

Company announcement/wholesale

OakNorth pre-tax profits surge to £214.8m

OakNorth – the leading digital bank for entrepreneurs, by entrepreneurs – today publishes its latest Annual Report, revealing pre-tax profits of £214.8m ($271.6m) in 2024 (FY23 £187.3m / $236.8m).

06 March 2025

Company announcement/wholesale

OakNorth joins Fintech North

Fintech North is delighted to partner with OakNorth, the digital bank for entrepreneurs, by entrepreneurs, that is dedicated to empowering the lower mid-market (businesses with £1m-£100m turnover) to support growth, prosperity, and innovation for the benefit of all.

04 March 2025

Company announcement/payments

BPO Collections acquires CCS Collect on receipt of £3.3 million loan from OakNorth

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £3.3m loan to leading and well-established debt recovery company, BPO Collections, a wholly owned subsidiary of Canadian-based, Everyday People Financial Corp.

27 November 2024

Company announcement/people

OakNorth appoints Wise chief product officer Nilan Peiris to board

OakNorth – the digital bank for entrepreneurs, by entrepreneurs – announces the further strengthening of its Board of Directors with the appointment, effective from today, of Nilan Peiris as a Non-Executive Director.

05 September 2024

Company announcement/wholesale

OakNorth secures authorisation in the US

OakNorth – the digital bank for entrepreneurs, by entrepreneurs – today announces that it has secured authorisation from the Federal Reserve and the New York State Department of Financial Services (NYDFS) for a Representative Office in New York.

27 August 2024

News/markets

SME Finance Taskforce announces plan boost UK economic growth

The SME Finance Taskforce has released its coalition plan to boost the UK economy by speeding up lending and access to finance for 5.5 million SMEs.

02 August 2024

Event/payments

On-Demand – Financial Fraud: How to Optimise Claims and Investigations Procedures

Banks strike back at financial fraud: how to optimise claims and investigations procedures to keep FI operations teams ahead of the scammers

Speakers from: NICE Actimize, JP Morgan, OakNorth

11 July 2024 294

News/payments

OakNorth partners Marqeta to offer SMEs commercial debit cards

UK small business lender OakNorth has teamed up with Marqeta to offer commercial debit cards to its customers.

24 April 2024

News/people

OakNorth appoints Lord Adair Turner as chairman

House of Lords member Lord Turner of Ecchinswell - Jonathan Adair Turner - has experience across Standard Chartered Bank, Siemens UK, Merrill Lynch Europe, and McKinsey.

27 December 2023

News/wholesale

OakNorth moves into business banking market

UK small business lender OakNorth is moving into the business banking market, promising SMEs a tailored menu of products and services supported by a dedicated account manager.

07 November 2023