Transforming SME banking in the UK with Mambu
Fully licensed and committed to becoming the UKβs best business bank, Recognise Bank paired traditional relationship banking with cutting-edge cloud technology to deliver bespoke lending and savings solutions for SMEs.
12 months
post launch:
- Β£0b
- worth of lending enquiries
- Β£0m
- in business loans
Recognise Bank
About the customer
Recognise Bank is a UK-based bank revolutionising business banking for small and medium enterprises (SMEs). By blending traditional relationship banking with cutting-edge cloud technology, Recognise provides bespoke lending solutions and savings accounts tailored to the needs of SMEs. The bank's innovative, customer-focused approach ensures an unparalleled level of service for an underserved segment of the UK economy. As the CEO of Recognise Bank, puts it:
"We keep our customers close, because to us, it is personal. We believe in truly knowing the business we lend to."
"We keep our customers close, because to us, it is personal. We believe in truly knowing the business we lend to."
- Established in 2017
- Received baking licence in 2021
- Best monthly interest savings provider 2024 and 2025
The challenge
Bringing back the human touch to SME banking
SMEs, the backbone of the UK economy, have long been underserved by rigid, impersonal banking solutions. Recognise Bank set out to change this by creating a truly customer-friendly SME bank. As demand for loans and credit lines surged post-pandemic, the bank needed a state-of-the-art, cloud-native platform to deliver fast, flexible, and personalised financial services.
The solution
Building a future-ready SME banking platform
Recognise Bank partnered with Mambu to create a digitally-enabled platform tailored for SMEs. Mambuβs cloud-native, composable architecture and Process Orchestrator (MPO) allowed seamless integrations with key partners like ClearBank for real-time payments, nCino for streamlined lending, and Microsoft Dynamics for accounting and reporting. This modern setup eliminated tech debt, enabling Recognise Bank to innovate and scale quickly, delivering flexible, personalised solutions to its customers.
The result
Cloud-enabled, customer-centric growth
Recognise Bank has become one of the first SME-focused banks to launch since the COVID-19 pandemic, and with Mambu, it is set to transform SME banking in the UK.
In its first year, Recognise Bank generated Β£1 billion in lending inquiries and issued Β£100 million in commercial loans. The bank has expanded its offerings with business savings accounts and plans to introduce asset finance solutions, aiming to serve 54,000 depositors and 5,100 borrowers within five years.
βWe were impressed with how forward-looking Mambu is. We aim to enable our customers with a seamless journey powered by cutting-edge technology. As a greenfield with no legacy, we leveraged Mambu and were up and running for a fraction of the cost. Setting up on Mambu was at least five times faster than a traditional core setup. Mambu gave us the autonomy to configure and launch new products, opening new possibilities.β
- Mo Fadaei, Director, Banking Platforms & Partnerships, Recognise Bank
Download the full case study
Discover how Recognise Bank leveraged Mambuβs flexible cloud platform to drive creativity, innovation, and value for SMEs.
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