Archives

January 27, 2023 @ 10:46 am By Omar Faridi  |  

Starling Bank is starting the new year with “significant” achievements. The digital bank reveals that it “tops the Current Account Switch Service (CASS) leaderboard, is named Britain’s best current account by Finder.com, and makes the top ten in its debut entry to the UK Customer… Read More

January 8, 2023 @ 8:07 pm By Omar Faridi  |  

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

December 18, 2022 @ 1:45 pm By Omar Faridi  |  

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

November 10, 2022 @ 7:48 am By Omar Faridi  |  

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

October 27, 2022 @ 4:00 am By JD Alois  |  

Digital bank Starling Bank will be the official principal partner for Southampton FC Women for the 2022-2023 season. According to a note from the bank, starting Sunday, October 30th, Starling will sponsor the team with a match against Sunderland AFC Ladies. Starling’s logo will be… Read More

September 26, 2022 @ 10:45 am By Omar Faridi  |  

Three quarters of young adults (76%) plan “to make major sacrifices or put life events on hold due to the cost of living crisis,” according to a survey by Starling Bank. The research, which questioned 2,000 UK adults, compared age groups and asked about stresses… Read More

September 7, 2022 @ 10:05 am By JD Alois  |  

Leading UK digital bank Starling Bank has added a new feature for its users by enabling “Bulk Payments”. The new service is designed to support payroll, supplier payments or employee expenses and more for firms using Starling business banking. The new service is a subscription-based… Read More

August 28, 2022 @ 9:37 pm By JD Alois  |  

Jupiter Fund Management is interested in parting with its 10% ownership stake in top UK digital bank – Starling Bank, according to a report. Sky News says that Jupiter may sell the shares at over £200 million, perhaps a transaction may entail a discount. The… Read More

August 23, 2022 @ 3:32 pm By JD Alois  |  

Digital banks and neobanks are a fairly recent evolution in the financial services world. Incumbent banking has been around for decades, if not hundreds of years. Old banks taking deposits for safekeeping, paying little in return (or charging fees), packaged with mediocre services, and queues… Read More

July 21, 2022 @ 10:42 am By JD Alois  |  

Starling Bank, a leading UK digital bank, has reported its first full year profit as overall metrics improve. Anne Boden, founder and Chief Executive of Starling Bank, commented on the results: “With our first full year of profitability, we’ve placed ourselves firmly in a category… Read More

July 19, 2022 @ 5:53 pm By JD Alois  |  

Starling Bank, a leading digital-only bank in the UK, has abandoned its pursuit of a banking license in Ireland and altered its  European expansion plans. The revelation was first reported by SkyNews that disclosed Starling might alternatively purchase a European bank instead of acquiring a de… Read More

May 12, 2022 @ 9:17 pm By Omar Faridi  |  

Starling Bank, the digital bank, has reportedly doubled the size of its Cardiff office and “created hundreds of new jobs as its growth continues.” 868 employees are based in the region, “a 117% increase on the bank’s original 2020 pledge to hire 400.” As mentioned… Read More

April 26, 2022 @ 4:42 pm By JD Alois  |  

Starling Bank, a top digital bank operating in the UK, has raised more money. According to multiple reports, Starling has raised £130 million at a £2.5 billion valuation. It was reported that Starling may use some of the new money to target acquisitions to complement… Read More

January 29, 2022 @ 2:51 pm By Omar Faridi  |  

Penfold, the digital pensions platform, confirmed that they have been added to the Starling Bank’s Personal Marketplace, enabling clients to set up a Penfold pension via the Starling app within minutes. Starling’s Personal Marketplace links up clients to hand-picked third-party products and services, enabling them… Read More

November 16, 2021 @ 8:26 am By Omar Faridi  |  

UK-based digital banking platform, Starling Bank has reportedly acquired a mortgage book valued at about £1 billion as the Fintech tries to challenge the United Kingdom’s established banks. Starling Bank has reportedly obtained the home loans portfolio from Kensington Mortgages, which offers financing for clients… Read More

November 15, 2021 @ 9:31 am By Omar Faridi  |  

UK-based digital bank Starling recently confirmed that it has committed to “a one third reduction target in its carbon emissions by 2030 and to offset carbon emissions from its own operations and supply chain annually from 2021.” As noted by Starling Bank in a release:… Read More

November 4, 2021 @ 10:24 am By Omar Faridi  |  

If you’re running a UK-based business and routinely have to send, receive or hold euros or dollars, then Starling Bank’s multi-currency accounts can save you time, money, effort, and stress. Whether it’s sending payments to suppliers based in Italy or receiving payments from customers in… Read More

November 3, 2021 @ 8:43 am By Omar Faridi  |  

UK-based digital bank Starling Bank is launching Bills Manager, in order to help clients with settling their bills in a timely manner and better managing their funds. The new feature, one of the “most requested,” offers clients the option to have a Direct Debit or… Read More

October 17, 2021 @ 11:52 am By Omar Faridi  |  

The team at UK’s digital bank Starling notes that they always want their clients to be in control of their funds. That’s why they are introducing a feature that allows customers to set their own limit for contactless payments made with their debit cards, “up… Read More

September 29, 2021 @ 7:47 am By Omar Faridi  |  

UK-based digital bank Starling is expanding its business operations into Europe. As of H1 2022, “subject to regulatory approval,” Starling intends to make its Banking as a Service (BaaS) solution offering available in the European Union, which includes France, Germany, The Netherlands and Spain, according… Read More