Article15/02/21

Small businesses call for more financial support ahead of the Budget

Nearly half of small businesses in the hospitality and property sectors are calling on Chancellor Rishi Sunak to extend the government’s financial support package for the sector in next month’s Budget as they struggle to stay afloat during continued lockdown restrictions, new research has found. A survey of 500 companies by Recognise, UK’s newest SME […]

Learn more
Article05/02/21

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 […]

Learn more
Article09/12/20

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 former head of commercial banking […]

Learn more
Article24/11/20

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 […]

Learn more
Article17/11/20

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 […]

Learn more
Article12/10/20

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 […]

Learn more
Article11/06/20

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 […]

Learn more
Article11/06/20

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 […]

Learn more
Article11/06/20

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 […]

Learn more