Recognise Bank launches market-leading 5.85%* Personal Savings Account
*As of June 23, 2023, the interest rate on the Personal 3 Year Fixed Account was increased from 5.40% AER to 5.85% AER. One of the UK’s most innovative business banks, Recognise Bank, has cemented its presence in the personal savings market by launching a new account with one of the best interest rates available […]
Recognise Bank and BizAcuity join forces to provide innovative SME banking solutions
Recognise Bank has announced a new partnership with leading international data solutions specialist BizAcuity, in a unison which aims to deliver a more personalised banking experience for customers. A global name in the Data Analytics and Business Intelligence industry, BizAcuity welcomes Recognise as their first banking sector partner. The exclusive collaboration has given Recognise Bank […]
Top marks for Recognise Bank from strategic lending partners
Recognise Bank has received outstanding reviews from strategic lending partners, Reflex Property Finance and Blue Shield Capital, after completing over £25 million worth of complex deals with the two bridging loan companies. The bank excelled in all areas according to recent satisfaction surveys, which covered the entire deal journey from response to loan enquiry, credit […]
Recognise Bank announces competitive increased interest rate for business savers
Recognise Bank, the fully licenced SME lender and savings provider, announced today that it will be increasing the interest rate on its Business Easy Access Account effective immediately. The new interest rate, which has increased from 2.25% to 2.65% AER, will apply to all SMEs who have an Easy Access Savings Account with Recognise, a […]
Bryce Glover, Co-Founder steps down from Recognise Bank Board
Bryce Glover, Deputy Chief Executive and one of the co-founders of Recognise Bank has taken the decision to step down from the Recognise Board with effect from the end of April 2023. Bryce has been with the new SME Bank since 2018 and has played a leading role in securing the full banking licence in […]
Recognise Bank Appoints VAS Panel to speed up SME lending applications
Digital SME lender and savings provider, Recognise Bank has appointed VAS Panel in a move which is designed to significantly speed up valuation turnaround times and give more confidence to broker partners placing business with the Bank. Vas Panel’s appointment to provide valuation management services on all of Recognise’s property lending, including bridging loans, commercial […]
Family business with debt free legacy aim turns to Recognise Bank after other lenders fail to provide lending options
SME specialist Recognise Bank has agreed a £416,000 fixed rate loan solution for a family business after it was frustrated by the lack of options with other lenders. Lancashire-based Newman Estates had been looking for a five-year fixed rate loan to protect the business against the uncertainty of prevailing interest rate volatility on three multi-unit […]
Recognise passes on full Bank Base Rate rise to all its Business and Personal Savers
Following the Bank of England rate increase, Recognise Bank has announced it will be increasing its rates by 0.25% AER across all their Business and Personal Savings variable products. Monna Patel, Head of Savings at Recognise Bank, said: “I am thrilled to announce that we are increasing the savings rate for all our Personal and […]
Recognise Bank announces major growth plans in its mission to revolutionise SME banking in the UK
Digital SME lender and savings provider, Recognise Bank, has announced ambitious growth plans following a successful £25m cash raise completed earlier this month. Recognise, which was fully licenced at the end of 2021, has raised over £95m investment so far on its journey to provide much needed support to UK SMEs, with the Bank’s largest […]
Recognise Bank secures £25m investment
Latest funding comes from Bank’s largest investor and will be used to increase loan book and develop new products for SMEs Digital SME lender and savings provider Recognise Bank has conditionally raised a further £25 million in investment from its group’s largest shareholder. The fresh investment will be used to support Recognise’s commercial lending and […]
