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15 May 2018

Global awards recognise Britain’s newest challenger bank

The UK's first challenger bank to be completely 'born in the cloud' has been named as the Banking Launch of the Year at a prestigious awards ceremony.

Redwood Bank, based in Letchworth, was declared winner of the Banking Launch of the Year award at the Retail Banking International (RBI) Awards at London's Waldorf Hilton on May 10.

The annual awards celebrate the best in global banking, showcasing pioneering initiatives that have gained ground in the last year and reflect shifting international trends.

Since its inception, Redwood Bank has focused heavily on technology, people and service, ensuring every customer's experience is secure, fast and easy.

The Chief Executive Officer (CEO) and co-founder of Redwood Bank, Gary Wilkinson, said: "Since we launched just over six months ago we have seen significant growth. This award is recognition for the hard work the whole team has put in to make the launch of this Bank so successful.

"This award is testimony to the passion and dedication we possess in making fast and informed decisions to help our business customers seize opportunities quickly, becoming the business bank that Britain needs."

Douglas Blakey, the Editor of Retail Banker International, who hosted the awards, said: "As one of the fastest licence-to-launch phases of any new bank to date, Redwood Bank's advanced systems, service based on traditional banking values and its strong relationships with its customers, means it has already established itself as a competitive player."

The RBI Awards were established 30 years ago and set a benchmark for recognising world class consumer finance institutions. Winners were selected by an independent judging panel, and by RBI editorial team members.

Redwood Bank was launched in August 2017, becoming Britain's newest challenger bank for small to medium sized businesses.

The bank's products include individually-assessed mortgages for business owners and professional landlords, as well as a chart-topping range of Best Buy notice savings accounts, which are offered to charities, clubs and associations as well as to businesses.

For further information, visit www.redwoodbank.co.uk



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