News
SME bank Recognise has announced the opening of its new Manchester hub, and the team selected to run it. Recognise Financial Services Ltd, a new challenger bank and subsidiary of AIM-listed City of London Group plc, says it partners with leading fintech platforms for its relationship managers to provide a market-leading SME service. It has …
The Board of COLG (AIM:CIN) is pleased to announce today a business update and a conditional capital raise of up to £30 million to be conducted by way of a subscription and placing of new ordinary shares in the capital of COLG. COLG CEO Michael Goldstein and Recognise CEO Jason Oakley discuss this important step …
COLG announces Capital Raise of up to £30m (video presentation) Read More »
In the latest Fintech Finance Virtual Arena, host Ali Paterson talks to industry heavyweights Jason Oakley from Recognise and Elliot Limb from Mambu. The question under discussion: why aren’t all clouds created equal? See the video here.
Recognise Chairman Phil Jenks talks to Bridging and Commercial about creating better services for SMEs and progress on the bank’s licence application. Read the full article here.
“Rejuvenation of the regions is overdue and innovative banking can help”. Recognise NED Louise McCarthy tells Specialist Banking how the new bank will address the £22bn SME funding gap. Full article here.
The City of London Group is included in finnCap’s ’11 for 20′ investment ideas review, with an estimated potential upside of 114%. Read the report extract here.
Investment Advisor finnCap has published a positive research note relating to COLG and the prospects for Recognise, the SME focused bank and COLG subsidiary. It states: ‘All indications point to a high return on the capital in the bank, supporting future capital raises.’ To read the full finnCap published research on COLG, please click here to register.
“We believe SMEs are very underserved” she told the publication, “We will combine the human touch with cutting-edge technology to give our clients a superior customer experience.” Read the full interview here.
When relationships count, it’s the new entrants who are gaining market share. Research commissioned by COLG subsidiary Recognise found that almost two-thirds (65%) of UK SMEs were unable to gain access to a senior decision maker at the ‘Big Four’ banks. Read the full article here.
