NIBC Bank and OakNorth sign five-year agreement

Wednesday 3 July 2019 11:54 CET | News

Netherlands-based NIBC Bank has strengthened its existing partnership with OakNorth, by entering into a five-year contract with the credit platform.

This platform will help NIBC enhance its efficiency and data-based insights with regards to credit analysis and monitoring. The partnership will see a large portion of NIBC’s existing corporate loan book onboarded to the platform.

OakNorth will also assist the bank in exploring new possibilities in its lending to medium-sized businesses. According to the bank, NIBC will be able to leverage the OakNorth platform to enhance efficiency in the credit monitoring process with richer data.

NIBC Bank N.V. is a commercial bank in the Netherlands offering corporate and retail banking products and services. Its corporate banking activities range from advising, structuring, financing and co-investing across debt and equity in Northwest Europe with a focus on the Netherlands and Germany.

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Keywords: NIBC Bank, OakNorth, partnership, Netherlands, credit platform, fintech, financial technology, Europe, Commercial Bank, financing , debt, equity
Countries: World

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