1 Year to 2 Years
About Company:
ACORN machine is a fintech platform that helps automate the way banks penetrate the bespoke SME lending market. It does this by leveraging process excellence, machine learning and technology to fuel data-driven decision making across the loan lifecycle.
The platform collects millions of data items on SMEs across various parameters, sectors, and markets, and uses machine learning algorithms to identify data that lenders need to make more informed credit decisions through detailed line item underwriting. ACORN’s team of credit analysts and data scientists manage the process, training the machine learning algorithms, so that the platform continues to evolve and get smarter. The platform therefore provides its clients with significant process efficiency gains, data-driven decision making, and smarter credit analysis and capabilities.
The concept of ACORN machine was proven via OakNorth, an award-winning challenger bank founded in 2015 to address the mid-market funding gap in the UK.
The ACORN machine has now been embedded with banking partners around the world, and is enabling them to replicate OakNorth’s success in the UK in their own markets.
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