OakNorth Bank is no shiny Monzo or Revolut. But what the UK challenger bank lacks in loud logos and viral advertising, it makes up for with a squeaky-clean reputation. Chief risk officer Mark Steele details how the lender is expanding into the US in a characteristically cautious way.
While many of its digital peers have admitted to embarrassing compliance failures, system outages and swallowed multimillion pound fines in recent history, OakNorth has been quietly building a reputation as one of Britain’s most disciplined and consistently profitable mid-sized banks.
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