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 […]
SME bank Recognise opens new Manchester hub as new team appointed
SME bank Recognise has announced the opening of its new Manchester hub, and the team selected to run it. Recognise Financial Services Ltd, a new challenger bank and subsidiary of AIM-listed City of London Group plc, says it partners with leading fintech platforms for its relationship managers to provide a market-leading SME service. It has […]
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 […]
