Challenger bank scoops two major industry awards

27/12/2018 14:00:00
Press release Our people Awards Technology
The UK’s first business challenger bank to be completely born in the cloud has ended 2018 on a high, scooping two major industry awards.

Redwood Bank was named the winner of the Best Use of Cloud category at the Banking Technology awards and they were recognised at the Savings Champion Awards 2018, picking up the Best Business Notice Account Provider. They were also Highly Commended in the Best Charity Notice Account Provider category.

Michael Harriman, Redwood Bank's Senior Advisor of Information Technology and technology partners collecting the Banking Technology Award

Since its launch in August 2017, Redwood Bank has invested heavily in 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: “These latest award wins top off what has already been an absolutely amazing year for Redwood Bank. To be told that we’ve scooped not just one, but two major industry awards is a great Christmas present for us all and is a wonderfully motivational way to bring the year to a close.
“We’re hugely honoured to receive these impressive accolades and believe they prove further that we’re setting new standards in terms of innovation and outstanding performance, ensuring our customers are always at the forefront of what we do.”
Redwood Bank was also shortlisted in further categories at the same award ceremonies.
At the Banking Technology awards, they were finalists in the Best Use of IT in Corporate Banking category. At the Savings Champions Awards they made the shortlist in the Best Business Fixed Rate Bond Provider and the Best Charity Fixed Rate Bond Provider categories.
The team could potentially start 2019 with an award win too, after being shortlisted in two categories – Best Business Variable Rate Deposit Account Provider and Best Business Fixed Rate Account Provider – at the Business Moneyfacts Group Plc Awards.
Mr Wilkinson added: “The Business Moneyfacts Awards is the largest business finance awards ceremony in the UK and one of the highlights of the industry calendar. To have been shortlisted is something to be proud of, but if we are named a winner, it will mark a fantastic start to the New Year. We’re keeping our fingers crossed.”
Redwood Bank’s products include individually-assessed mortgages for business owners and professional landlords, as well as a range of Best Buy savings accounts, which are offered to charities, clubs and associations as well as businesses.

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


Notes to editors

For further details contact Laura Pearce at Strand PR on laura@strand-pr.co.uk or 01763 274674 / 07903 106405.


Redwood Bank was launched in August 2017, becoming Britain’s newest business bank for SMEs and completing its ‘mobilisation’ phase just over four months after securing its initial banking licence in April 2017. Redwood Bank offers secured SME mortgages for business owners, as well as for experienced commercial and residential property investors. It delivers fast and efficient mortgage decisions to help their business customers seize property opportunities and also offers competitive business savings accounts. Redwood Bank was founded by Jonathan Rowland and Gary Wilkinson. It has a unique private-public ownership structure in which Warrington Borough Council has a one-third stake.