Tagged: starling

Digital Banking : Tangerine and Engine by Starling to Provide Banking Services for Canadian Clients

Tangerine Bank (Canada’s digital bank and wholly-owned subsidiary of Scotiabank, one of the “Big 5” banks in Canada with assets of approximately $1.4 trillion) and Engine by Starling (the Starling Group‘s banking Software-as-a-Service (SaaS) business) announced an agreement to deliver a  banking platform for Tangerine… Read More

UK’s Starling Bank Introduces AI Tool to Combat Scams

Starling Bank is leveraging AI in order to help customers spot the warning signs of so-called purchase scams. The digital tool, Scam Intelligence, allows clients to upload images of various items as well as ads from various marketplaces, and analyses them for potential signs of… Read More

UK’s Starling Bank Aims for £4B Valuation in Secondary Share Sale

UK’s digital bank Starling is setting its sights on a £4 billion valuation as it prepares for a secondary share sale. The London-headquartered fintech, known for its innovative approach to banking and ambitious growth plans, is launching this process to allow existing investors, including players… Read More

Digital Bank: UK’s Starling Group Reports Profitability as Revenue Rises by 50.6%

Starling Group has released consolidated results for Starling Bank, Engine by Starling, and Fleet Mortgages for the year ending 31 March 2024. The results show a third year of profitability for Starling Group, “driven by strong growth in revenue, deposits, active customers and customer transactions…. Read More

UK’s Starling Bank Introduces Brand Platform as Fintech Challenger Focuses on Growth

Starling Bank has created a new brand platform with a new positioning, strategy, and ad creative developed to “mark the beginning of an ambitious year of growth for the bank.” ‘The Bank Built for You’ platform celebrates “how banking is about more than just money,… Read More

Majority of UK Startups Self-Finance New Ventures – Research Study

Financing a new business can be one of the biggest hurdles entrepreneurs face, according to an update shared by UK’s Starling Bank. Some 85% of UK startups launched in the last three years “have relied on the founder’s personal capital as the initial source of… Read More

UK’s Starling Bank Survey: Consumers Admit to Overspending, Experience Negative Impact of Making Unnecessary Purcchases

The Black Friday sales are fast upon us and while “nearly two thirds (62%) of consumers say they plan to take advantage of the discounts, nearly a third (29%) of people who have shopped over Black Friday in the past have regretted their purchases.” Buyer’s… Read More

Digital Banking: AMP to Use Engine by Starling to Launch Virtual Bank for Small Businesses

AMP will be launching a digital bank division built specifically “for the transaction needs of sole traders and small business.” AMP will work with Engine by Starling, the SaaS subsidiary of UK digital bank, Starling Bank Limited, allowing it to leverage: Starling’s ‘Engine’ technology platform,… Read More

Apple Benefits from Open Banking in the UK as Wallet Now Shows Bank Account Balances

Apple (NASDAQ:AAPL) is extending its Fintech services by enabling real-time connections to bank accounts in the UK, and displaying balances in the Apple Wallet. The UK has emerged as a leader in open banking technology, which means financial firms are required to provide access to… Read More

Digital Banking: Starling Bank Raises Fixed Saver Interest Rates

Starling Bank is raising the interest rate on its 1-Year Fixed Saver from 5.25% to 5.53% AER/Gross. Effective from Thursday 21 September 2023, Starling Bank customers “choosing the Fixed Saver will receive a return of 5.53% on balances of £2,000 – £1 million locked in… Read More

Iconic Fintech Founder Anne Boden Announces Exit as CEO of Starling Bank

Anne Boden, the founder of Starling Bank – a top UK digital bank, is to step aside as CEO on 30 June. Boden will remain on the Board as a non-executive director. John Mountain, Starling’s COO, will take over as interim CEO to lead the… Read More

UK’s Starling Bank Supports Money Management Tools with “Split Payment” Feature

Starling Bank customers can now organize their salary payments across their account. The new feature, called ‘Split payment’, allows customers “to decide how much of an inbound payment, such as their salary, to put away and where, including their saving Spaces, joint accounts, additional accounts… Read More

Money Management: UK Consumers More Likely to Open Joint Account When they Reach 25-34 Age Range, Survey Reveals

Money is the number one cause of quarrels for three out of 10 couples in the UK, according to a survey by Starling Bank. Couples aged 45-54 reportedly “have the most disagreements (39%), along with parents (37%).” The research, which “questioned 4,000 over 16s in… Read More

UK’s Starling Bank to Create New Jobs, Announces Launch of Manchester Office

Starling Bank has chosen Barings’ Landmark in Manchester to house its new office in the North. The digital bank intends “to create up to 1,000 new jobs for the region to fulfil roles across the company, including in operations, engineering, data science and cybersecurity.” The… Read More

UK’s Starling Bank Expects to More than Quadruple Pre-Tax Profits in Annual Results

Starling Bank expects to “more than quadruple its pre-tax profits in its Annual Results for the year ending 31 March 2023.” According to an update shared with CI, the bank “generated annualized pre-tax profits of more than £250 million on the back of almost £600… Read More

Digital Banking: UK’s Starling Bank to Launch Fixed Saver Product

Starling Bank is rolling out its first savings product offering “a guaranteed return of 3.25% over one year on balances of £2,000 or more.” The new Starling 1-Year Fixed Saver is “built seamlessly into the Starling app for maximum visibility and control.” Starling personal current… Read More

Digital Bank Starling, Settld to Support End of Life Admin for Bereaved Individuals

Starling Bank has taken swift action “to make life simpler for bereaved individuals, following recommendations made in a key nationwide bereavement report.” The digital bank has “unveiled a new strategic partnership with end-of-life admin service Settld, which will streamline account administration for those handling the… Read More

UK’s Starling Bank Introduces Bills Manager for Small Businesses

Starling Bank is introducing Bills Manager for small businesses in order to help business and sole trader account customers “streamline” their finances. The feature gives small businesses the ability “to have a Direct Debit or standing order taken from money set aside in any of… Read More

Digital Banking: UK’s Starling Bank Passes 3 Million Account Milestone

Starling Bank has passed the three million current account milestone, which “includes more than 460,000 small business accounts,” according to an update shared with CI. This key milestone comes five years after the digital bank launched its Personal Current Accounts in May 2017, while its… Read More

Starling Bank Updates Spending Insights Tool to Help Clients with Budgeting

Starling Bank has upgraded its Spending Insights tool in order to help consumers with improving their money management skills. Thirty-six new spending categories have been introduced, “giving customers instant access to monthly spending data across each category.” Starling is also rolling out a search capability… Read More

Send this to a friend