UK based challenger banks Starling Bank, Metro Bank and ClearBank were awarded more than $365mn of the RBS Competition Fund;...
Open Banking kicked off in the UK this past January. Thus far we’ve seen slower adoption among traditional banks, a...
Banking as a service is one of the hottest trends in fintech today with fintechs, service providers and banks all...
According to a new survey by Starling Bank UK based small businesses spend about 15 hours a week or 10...
Here are the most read news stories from our daily newsletter today: The Clearing House On The Race for Real-Time...
Digital only bank Starling Bank and Moneybox, who provides savings and investment services, are teaming up; Moneybox will access Starling Bank customers offering them the tools offered by Moneybox allowing customers to round up purchases and invest the difference; integration is via Starling's API; Megan Caywood, Starling's chief platform officer stated: "People today want to not only manage their everyday money on their phone but their savings and investments too. Working with Moneybox makes this a possibility." Source
Digital banks have been presenting themselves as a more transparent fairer option than the traditional players; what these newcomers are finding is to scale and reach profitability they will need to figure out a way to lend that doesn’t strike the same tone as customers get from their typical bank; Tandem, Monzo, Starling Bank, Revolut and N26 have all started to roll out lending options in a variety of ways by using a tailored data driven approach; figuring out where the balance lies is the key piece if these banks are truly going to disrupt the banking system. Source.
Monzo and Starling Bank saw more than 10,000 customers open accounts through the account switching service in the first few...
UK digital bank Starling Bank is now available to a broader set of users; still in a beta testing phase, the firm is now adding additional clients beyond just friends, family and product testers; as enhancements to the platform it recently announced its public API, which will allow for a product marketplace, and it has also partnered with TransferWise; Starling Bank will be offering its users full current account functionality with a contactless MasterCard debit card also including international payment services. Source
AltFi reports on Starling’s progress in participating in the Bounce Back Loan program; so far they have received 18,000 applications...