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 […]
