Recognise implements RiskNarrative to Transform Customer Onboarding
New platform automates customer onboarding based on risk parameters Recognise Bank, the fintech powered business lender and savings provider, has partnered with TruNarrative, a LexisNexis® Risk Solutions company, to completely transform the onboarding process for its SME business lending customers. The Bank, which received its full authorisation in September 2021, is a digital bank created […]
Recognise Bank Appoints new CTO
Sahil Thapa joins from Deutsche Bank to lead technology and innovation teams Sahil Thapa has been appointed Chief Technology Officer (CTO) at Recognise Bank, the digital small business bank serving the UK’s 3.5 million SMEs with lending and business savings products. Sahil has a long career in banking, primarily in technology and change roles, including […]
Recognise Matches BoE Base Rate on Business Easy Access Savings
Popular Easy Access product will now pay SMEs 1.25% AER Following the increase of the Bank of England Base Rate to 1.25%, Recognise Bank has raised the interest rate of its Business Easy Access Savings Account to match. The popular account will now pay small business savers 1.25% AER from the middle of next week, […]
Recognise Bank Provides £550k commercial mortgage for the hospitality sector
Deal will be used to purchase a property currently operating as a restaurant in a busy resort town. Recognise Bank has agreed a £550,000 commercial mortgage for a property investment firm to acquire a retail unit in the popular seaside town of Bournemouth, currently being used as a Korean Japanese restaurant. The borrower, Nofesh Ltd, […]
Recognise Provides Bespoke Portfolio Refinancing Deal
Complex case involving multiple properties with professional buy-to-let and commercial mortgage elements Recognise Bank has announced the agreement of a £4.2 million-plus refinance package for a portfolio investment client. The loan was provided to allow the client to refinance an expiring loan, secured on a mix of residential and commercial properties in various locations across […]
Recognise Increases Rates Across a Range of Business and Personal Savings Accounts
Recognise Bank has increased the interest rates on its entire range of Business Savings Accounts to help small firms make more of their cash during the current challenging economic climate. But to ensure personal customers don’t miss out, it has also upped the rate on one of its most popular Personal Savings Accounts. The new […]
Recognise Bank Strengthens Digital Focus with New Promotions
Fintech bank creates COO role and Director, Banking Platforms and Partnerships Fintech powered challenger bank, Recognise Bank, has made a number of important changes as it accelerates its digital capability following the creation of a new department concentrating on innovation and development. This follow’s last week’s successful fundraise of £8.7 million in new capital. Ronelle […]
Recognise Adds Two New Accounts to its Business Savings Range
SME Bank launches 95 Day Notice and 1 Year Fixed Rate Business Savings Accounts Following the success of it first Business Savings Account, Recognise Bank has launched a new range of savings options for small businesses – a 95 Day Notice Business Savings Account paying 1.10% AER, and a 1 Year Fixed Rate Business Savings […]
Recognise Bank Increases Rates on Savings Accounts
Popular 95-Day Notice Personal Savings Account increases to 1.10% AER, Business Easy Access Savings Account increases to 0.90% AER Recognise Bank has raised the interest rate on its popular 95-Day Notice Personal Savings Account (Issue 4) to 1.10% AER, an increase of 25 percentage points from its previous rate of 0.85% AER. The increase will […]
Recognise Bank benefits from £8.7m capital raise
Fresh investment from existing shareholders will support accelerated digital development through the creation of a new innovation team Recognise Bank will benefit from £8.7 million in new capital following the latest successful round of fund raising announced today by the City of London Group (CoLG), the Bank’s parent company. This means CoLG has so far […]
