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Recognise Bank chooses Newcastle Strategic Solutions for savings management services
One of the UK’s newest SME banks, Recognise Bank recently launched its first personal savings accounts which included fixed rate and notice products.
The long-term partnership with Newcastle Strategic Solutions means the north-east based provider has been chosen to deliver account opening, deposit taking and account management services for all of Recognise Bank’s new retail savings products.
Newcastle Strategic Solutions is the UK’s leading savings management platform. Recognise Bank and its customers will benefit from a robust and proven platform and services, joining a growing portfolio of UK clients. As the Recognise Bank product range is online-only, Newcastle Strategic Solutions will also provide all online and telephone support through its award-winning customer services team.
Phil Grand, managing director of Newcastle Strategic Solutions, said: “I’m thrilled to welcome Recognise Bank as our newest partner and proud that it has chosen Newcastle Strategic Solutions to provide its outsourced services. Our focus is squarely on supporting Recognise Bank and its customers by delivering exceptional customer service and seamless online savings management, and we wish Recognise Bank every success as it expands and enhances its offer.”
Jason Oakley, CEO of Recognise Bank, said: “Launching personal savings products is an important milestone in our mission to change the face of SME banking in the UK. Not only will savers be able to choose from a new line-up of accounts, they will also know that their FSCS-protected savings are helping ambitious, small and medium-sized UK businesses, so they’re making a tangible difference to the economy and society too.
“In creating Recognise Bank we have worked with a number of hand-picked partners that offer cutting-edge banking technology, which is why we have chosen Newcastle Strategic Solutions to support us in the creation of our savings proposition. We look forward to a great working relationship, that will include the launch of business savings products later in the year.”
For more information on Newcastle Strategic Solutions visit www.newcastlesolutions.
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