Japan’s SMBC is investing $ 30 million in OakNorth

Sumitomo Mitsui Banking Corporation (SMBC) has invested $ 30 million in OakNorth and provided the provider’s credit intelligence software.

According to Khosla, co-founder of OakNorth, the deal demonstrates SMBC’s drive for transformation

SMBC is one of the largest banks in the world, with more than $ 2 trillion in assets. The investment is a second purchase of shares in OakNorth Holdings.

OakNorth licenses its artificial intelligence-based technology to banks around the world. It sets …

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