Little more than six months after achieving its full banking licence in September 2021, challenger bank, Recognise Bank, has announced that is has delivered over ￡100 million in lending to the UK’s SMEs, hitting the ambitious target it set six months ago. The Bank also launched its personal savings range six months ago, within two days of receiving its full licence, and has already clocked up almost ￡95 million in deposits from savings customers. Recognise Bank was created to support small and medium sized businesses that are often ignored by the mainstream banks. It combines true one-to-one service with expert relationship managers and cloud-based banking technology via the Mambu platform and other fintech partners to speed up loan approvals and access to funds. Read the full Techround article written by Daniel Tannenbaum through the link in the comments. #banking #challengerbank #neobank #digitalbanking #bankingservices #bankingtechnology #financialtechnology #financialservices
Link to full article: https://techround.co.uk/startups/challenger-bank-recognise-reaches-100-million-lending/