PNC taps OakNorth to retool SMB underwriting for pandemic


June 05, 2020

PNC Bank is integrating technology from OakNorth to retool its commercial underwriting business. OakNorth, which operates as a bank in the U.K. and white labels its underwriting technology to other lenders, has developed what it calls a “COVID Vulnerability Rating” (CVR) framework to create a more granular, forward-looking approach to underwriting small businesses.

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