UK’s Recognise Bank lands £25m investment amid leadership transition
CEO Jean Murphy will step down after two years, succeeded by Nomo Fintech’s Simon Bateman.
CEO Jean Murphy will step down after two years, succeeded by Nomo Fintech’s Simon Bateman.
The letter has been co-signed by Codat, Atom Bank, Funding Circle, Iwoca, Allica Bank, SPRK Capital and others.
The fresh funding brings Recognise Bank’s total funding to date to over £95 million.
Murphy brings more than 25 years’ worth of banking and capital markets experience to the role.
The RiskNarrative platform will digitise a number of AML and KYC processes via a single API.
Recognise says Thapa “has the vision and ability to lead the Bank’s technology strategy”.
Our weekly fintech round-up for you to get the latest funding news from around Europe.
Bryce Glover has been appointed interim CEO while the search for a new CEO is underway.
Learn how Recognise sought an end-to-end digital solution to help it offer the best service to SMEs.
CoP dramatically reduces the risk of fraud, says ClearBank CEO.
The new bank can now start offering personal savings accounts and business loans.
Another collection of funding rounds and raises from all over the world you might have missed this week.
Recognise plans a 2020 launch for SME banking.