Recognise Selects Leading Microsoft Partner City Dynamics

City Dynamics, renowned for its expertise in the financial services sector, delivers comprehensive business management solutions using Microsoft’s cloud-based Dynamics 365. Recognise selected City Dynamics for their profound sector knowledge and experience, aiming to create a platform that ensures seamless data integration between Mambu, the cloud banking provider, and Dynamics 365 Business Central.

As a subsidiary of AIM-listed City of London Group plc, Recognise will cater to the UK SME sector and the retail and business deposits market. Awaiting a banking licence, Recognise has already submitted its application and aims to launch later this year, pending approval.

Recognise’s technology-driven approach is set to offer an enhanced banking experience to underserved SMEs.

The appointment of City Dynamics follows those of Mambu and nCino. Both Mambu and City Dynamics will collaborate with Recognise’s Finance team to develop a cutting-edge technology infrastructure, reshaping SME banking. This partnership underscores Recognise’s commitment to innovating the banking experience without relying on legacy systems.

City Dynamics, utilizing the Microsoft Dynamics 365 suite, enhances the information flow, efficiency, and productivity of financial services businesses. Their bespoke approach, backed by extensive experience in financial services, makes them ideal partners for disruptive fintech companies aiming for growth.

Monica Velaquez, CTO of Recognise, stated, “It is a pleasure working with the City Dynamics team, their accounting experience and background are evident in the quality of their advice to us and the style of implementation delivery. They’re supporting us towards the launch of the bank with waves of functionality and new technology that will improve the banking experience for SMEs in the UK.”

Haseet Sanghrajka, CEO of City Dynamics, added, “We’re really excited Recognise selected City Dynamics and Microsoft Dynamics 365 Business Central. Recognise saw the combination of Microsoft platform and our Microsoft Dynamics expertise within the financials services sector. It is a great opportunity for the team at City Dynamics to work with Recognise in partnership with Mambu. We’re looking forward to a truly collaborative relationship which will provide Recognise with an amazing finance platform to help them achieve their goals. We see this partnership as the future of banking technology.”