Redwood BankRSS

Top fintech stories this week – 8 September 2017

Banking Technology logo

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Challenger bank Redwood takes tech to the cloud

Redwood Bank takes tech to the cloud

EXCLUSIVE: Redwood Bank, a new SME-focused bank in the UK, has opted for a cloud-based banking platform. The front-to-back office solution is supplied by a local fintech firm, DPR Consulting, Banking Technology understands. It is hosted in a private cloud.

Top fintech stories this week – 1 September 2017

Banking Technology logo

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

UK challenger Redwood Bank launches

uk flag

Redwood Bank, a new UK-based SME challenger, has launched four months after securing its banking licence. The bank is now offering secured SME mortgages for business owners, as well as for “experienced” commercial and residential property investors. It has also launched a business deposit account. As reported in April, Redwood entered its mobilisation phase and […]

UK challenger Redwood gets banking licence

uk flag

Redwood Bank, a new UK-based SME challenger, has secured a banking licence following approval from the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA). As Banking Technology reported in October last year, Acorn Financial Partners (AFP) submitted a banking licence application. Now that it has authorisation, AFP is called Redwood Bank. Redwood says it […]

UK challenger Redwood submits banking licence application

UK flag

Acorn Financial Partners (AFP) has submitted a banking licence application to the UK’s Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA). On authorisation, AFP will be called Redwood Bank, a new UK-based SME challenger bank, and it anticipates receiving its licence early in 2017 and opening to customers later the same year. AFP’s majority […]

@banking
techno