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Redwood Bank became the newest business bank when it launched in August 2017, offering lending and savings accounts to businesses. This video showcases Redwood Bank's first year in business since celebrating its one year anniversary. This YouTube video explains the unique and succinct timeline that Redwood followed before it came to market. The business Bank believes it secured the fastest 'licence to launch' ever in UK banking history, submitting the application in October 2016 with approval coming just seven months later. From then, things have continued to move at a fast pace with Redwood securing offices in Letchworth and Warrington and becoming the UK's first Challenger Bank to be completely 'born in the cloud'. In addition to that, the Bank celebrated its first business financing deal, just a month after officially opening the the doors to its virtual business Bank in August 2017. Its pioneering cloud-based technology truly sets Redwood apart with the entire Bank launched with its infrastructure sitting in the cloud. Since then, it has been full steam ahead with the business Bank consistently appearing in best saving rate tables and and offering competitive fixed rate bonds. To learn more about Redwood Bank, visit redwoodbank.co.uk