New SME bank Recognise appoints London team
The board of COLG is pleased to announce that Recognise, its wholly owned subsidiary has received authorisation with restriction (AwR) (banking licence) from the PRA / FCA. Recognise today announces the appointment of Jackie Skelt as Regional Director for London and the Midlands. Shami Sharma and Dave Bronsdon will be Business Development Managers for London. […]
City of London banking startup Recognise receives restricted banking licence
The board of COLG is pleased to announce that Recognise, its wholly owned subsidiary has received authorisation with restriction (AwR) (banking licence) from the PRA / FCA. The banking licence from the PRA / FCA represents a major step in addressing the service gap for SMEs, particularly after the negative impacts of COVID 19. Recognise […]
SME Bank Recognise appoints team in the Midlands
Recognise today announces the appointment of Jackie Skelt as regional director, London and the Midlands and Jeremy Lloyd as business development manager in the Midlands. Jeremy will be based at the bank’s Birmingham hub, whilst Jackie will be based in London. Jackie joins Recognise with over 20 years’ experience, having worked in senior roles for […]
Recognise receives AWR
New bank to plug SME funding gapSTART-UP bank Recognise is aiming to lend up to £40million to small to medium sized enterprises (SMEs) within its first four months, deputy chief executive Bryce Glover says. The specialist small business lender gained its banking licence last week and is believed to be the first new bank to […]
A crisis is the perfect time for a new bank
By Jason Oakley WHO would want to launch a new bank during a global pandemic? It is a question more than a few people have asked me in recent months when they hear Recognise is on the brink of receiving its banking licence. It is certainly true when we started out to create Recognise three […]
Casino software pioneer Ruth Parasol investing in start-up bank
Ruth Parasol, the self-made multimillionaire who co-founded Party Gaming, has had a £25 million investment approved in a new bank. Ms Parasol, who has a large property portfolio in London, America, Israel and elsewhere, is investing in City of London Group, an Aim-listed company which is launching a bank called Recognise. The start-up, which is […]
How the new bank will serve underserved SMEs
Recognise Financial Services will be targeting the SME sector once it receives its banking licence from the regulators. Parent group City of London Group is formally submitting its application to the Prudential Regulatory Authority and the Financial Conduct Authority for Recognise to be authorised as a bank. Recognise, has an independent, fully constituted board under […]
Rejuvenation of the regions is overdue – and innovative banking can help
BORIS Johnson was swift to start delivering on his promise to boost the British regions post the general election. The Prime Minister’s commitment to HS2, the high-speed, North-South railway, sends a signal the Conservative Government is serious about ‘levelling up’ the UK. Government plans for spending on infrastructure in parts of the country that are […]
Technology with humanity: a pillar for SME banking
In today’s world, customers often evaluate financial services providers by comparing experiences rather than the banks themselves. Today, life is better than ever, with real-time banking services being delivered via mobile phones, and customers looking for an easy, instant and seamless experience. However, this has not permeated the SME banking sector, where being digital is […]
