Recognise
“Can a dedicated UK challenger bank capture the underserved SME deposit and lending market by combining personal service with modern banking infrastructure?”
Founded2018
HQLondon, United Kingdom
IndustryFintech / SMB banking
The story
Recognise was founded within City of London Group as a challenger bank specifically targeting UK SMEs that were underserved by mainstream banks. It received full banking authorisation in 2021 and began building out its SME savings and lending proposition. The partnership with ClearBank represents a move to strengthen its core clearing and banking infrastructure to scale SME-focused services.
Last 12 months
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Product timeline
2018
Recognise Financial Services established as part of City of London Group, targeting SME banking in the UK.· banking
2021
Received full banking authorisation from the PRA and FCA, launching as Recognise Bank.· banking
2022
Selected ClearBank as clearing and banking infrastructure partner to boost SME banking services.· banking
Regulated entities
1
regulatory licence held by Recognise
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Recognise’s embedded-finance stack
Banking / BaaS
Lending
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.