Recognise appoints new Head of Savings and Payments
Recognise Bank, the UK’s newest SME Bank, is pleased to announce the appointment of Damian Trussler as Head of Savings and Payments. Damian will lead the launch of the Bank’s personal savings products once the full banking licence is granted and then also develop the suite of Business Savings accounts which will follow later in […]
Recognise appoints Arun Sohanta Regional Director for the West Midlands
Recognise Bank is pleased to announce the appointment of Arun Sohanta as Regional Director (West Midlands). Arun will be based out of Recognise’s regional hub in Birmingham. Arun has more than 15 years’ experience in banking and finance in the West Midlands, most recently as a Director of Acorn to Oaks, a specialist financial services […]
Perfect timing
The perfect storm of Covid and Brexit may not present an obvious window of opportunity to launch a bank, but James Meigh thinks now is the ‘ideal time’, writes John Grainger in The Yorkshire Post. While many in the business world have been battening down the hatches and waiting for the Covid storm to pass […]
Deliver products that meet customers’ needs
When the coronavirus pandemic forced UK businesses and public services into a series of lockdowns over the past year, digital technologies in the cloud enabled organisations to continue operating. Raconteur spoke to Jason Oakley about Recognise Bank’s experience of using the cloud. Recognise Bank launched in November in the middle of the pandemic, a bold […]
Two thirds of small businesses are confident of a summer boost
More than two thirds of small companies are confident of a boost to their business in the summer if lockdown restrictions are relaxed, research by Recognise reveals. More than three quarters of SMEs in the hospitality sector are confident of a seasonal trading uplift, the most of any sector. The research, comes hot on the […]
Small businesses call for more financial support ahead of the Budget
Nearly half of small businesses in the hospitality and property sectors are calling on Chancellor Rishi Sunak to extend the government’s financial support package for the sector in next month’s Budget as they struggle to stay afloat during continued lockdown restrictions, new research has found. A survey of 500 companies by Recognise, UK’s newest SME […]
Recognise Implements nCino banking platform
nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, has announced the go-live of the nCino Bank Operating System® with new SME banking entrant, Recognise, following the granting of its banking license in November 2020. SMEs in the UK supply 60% of jobs in the private sector […]
Adviser market ‘absolutely critical’ to £250m lending target success
Recognise Bank has confirmed it is on course to launch its commercial buy-to-let proposition in the early part of Q2 and said the intermediary market will be ‘absolutely critical’ to its success. The newly authorised bank has set out more of its wider strategic plans which include an “ambitious but realistic target” of building a […]
Recognise completes complex £4million loan in record time
Recognise Bank (“Recognise”), a subsidiary of City of London Group plc (AIM: CIN), and the UK’s newest SME bank, is pleased to announce that it has successfully completed a complex transaction that involved supporting a client with a £4m loan. The £4m loan will be used by a property investment and development firm to complete […]
Exclusive launch interview – CEO, Jason Oakley
Following FCA approval of a banking license application in November, SME lender Recognise’s banking operations formally launch this morning with four branches in the City, Manchester, Leeds and the Midlands, as well as an app and online platform. To mark the arrival of Britain’s newest bank, City A.M. sits down with CEO Jason Oakley, a […]
