Recognise - News, Articles & Research

Recognise Bank gets green light to start accepting deposits

Digital SME banking startup Recognise Bank has been given the green light by the UK's Prudential Regulation Authority to launch personal and business savings products and to start taking deposits.

20 September 2021

Company announcement/startups

SME bank Recognise raises £14m

New SME bank, Recognise Bank, today announced a successful £14 million capital raise, including fresh investment from one of its existing shareholders. The capital raise means Recognise Bank has met the capital requirements set by the PRA (Prudential Regulation Authority), clearing the way for the removal of deposit-taking restrictions.

23 August 2021

Company announcement/people

Recognise Bank appoints Damian Trussler as head of banking and payments

Recognise Bank ("Recognise"), the UK's newest SME Bank, is pleased to announce the appointment of Damian Trussler as Head of Savings and Payments.

12 April 2021

Company announcement/people

Recognise Bank appoints Anita Maclean as head of strategy

Recognise Bank has announced the appointment of Anita Maclean to join their executive team. Anita’s role will focus on the development and execution of the Bank’s future strategy.

18 January 2021

Company announcement/people

New SME bank Recognise appoints London team

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. The team will be based at Recognise’s hub in London.

23 November 2020

Company announcement/regulation

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.

12 November 2020

Company announcement/startups

SME banking startup Recognise opts for Microsoft Dynamics 365 Business Central

Ahead of its highly anticipated launch in 2020, new SME banking entrant Recognise, has partnered with Microsoft Gold Partner City Dynamics to implement Microsoft Dynamics 365 Business Central as the financial backbone for the new bank.

10 March 2020

Company announcement

Recognise partners with Newcastle Strategic Solutions to offer SME deposits

Recognise Financial Services Ltd has announced it has partnered with Newcastle Strategic Solutions Ltd, the UK leader in end-to-end savings management services from initial on-boarding through on-going account management, to deliver a smarter approach in savings products.

26 November 2019

News/regulation

SME challenger bank Recognise preps license application

Recognise Financial Services, the latest challenger brand taking aim at the SME sector in the UK, will apply for its banking license next month.

01 November 2019

Company announcement

Mambu gains contract at SME challenger bank Recognise

Ahead of its highly anticipated launch in 2020, new SME banking entrant Recognise has appointed cloud banking provider Mambu.

30 October 2019

News

UK challenger Recognise signs for nCino cloud package

Recognise Financial Services, the latest challenger brand taking aim at the SME sector in the UK, has contracted with core bank provider nCino for delivery of its cloud-based Bank Operating System, as it gears up for launch in 2020.

08 October 2019

News

Jenks appointed chairman of new challenger brand Recognise

Recognise Financial Services, the latest challenger brand taking aim at the SME sector in the UK, has appointed Philip Jenks as chairman as it progresses its banking license application.

30 April 2019