Tagged: starling bank

Digital Bank Starling Adds New Services to Marketplace Including Slack, Health Insurance

UK based digital bank Starling Bank has added three new integrations to its Marketplace: Slack, the workplace messaging platform, Bionic, the energy switching service, and Equipsme, a health insurance provider, according to a company release. Starling Bank has taken the approach of providing many forward-thinking… Read More

Digital Bank Starling Issues Bounce Bank Loan Scheme (BBLS) Update, CEO Anne Boden Joins UK Finance Board

UK-based Starling Bank issued an update on June 1, 2020 regarding the Bounce Back Loan Scheme (BBLS). The British Business Bank has been approving new lenders for several COVID-19 support schemes. As previously reported, JCB Finance will join the other 18 BBLS lenders who have… Read More

Traditional Banks and Digital Challengers are Doing a “Horrendous” Job when Processing International Payments: Report

Digital or neobanks are increasingly being used by consumers of all age groups for managing finances, and completing transactions. Despite the COVID-19 outbreak and resulting economic problems, digital bank Starling Bank recently secured £40 million in capital. Challenger banks aim to offer better services compared… Read More

Starling Bank Raises £40 Million From Existing Investors, Total Raised for the Year Stands at £100 Million

Digital bank Starling bank has raised £40 million from existing investors according to a note from the Fintech. Starling said the funding was led by JTC and Merian Chrysalis Investment Company Limited. Anne Boden, founder and chief executive of Starling Bank, commented on the news: “This… Read More

Over £27 Billion Provided by CBILS, CLBILS and Bounce Back Loans

Each week, HM Treasury publishes updates on approved lending under three COVID-19 related support schemes. This week HM Treasury said £12.47 billion has been approved in the ongoing programs. The breakdown of the funding is as follows: Coronavirus Business Interruption Loan Scheme (CBILS) Data up… Read More

Starling Bank CEO Provides Update on CBILS Lending, Doubles as Customer Support

Starling Bank, a leading UK digital bank, has been moving rapidly to implement COVID-19 business relief programs authorized by the UK government. Starling is the first Fintech to be approved as a Bounce Back Loan (BBLS) provider and, earlier this week, Starling and Funding Circle… Read More

Starling Bank and Funding Circle Form Partnership on SME Lending Under CBILS

Digital bank Starling and Funding Circle (LSE: FCH), a marketplace lending platform serving SMEs, have formed a strategic partnership to provide loans to small businesses under the Coronavirus Business Interruption Loan Scheme (CBILS). According to a note from Starling, the bank will lend via Funding… Read More

Fintech Starling Bank Reports £90 million in Bounce Back Loans the First Day & a Half of Availability

Starling Bank, a UK based digital bank, has shared that during the first day and half of availability the Fintech paid out £90 million in Bounce Back Loans. The bank also made a total of £120 million in offers for these loans. Simultaneously, Starling Bank… Read More

Starling Bank Approved as Bounce Back Loan Provider

Leading digital bank Starling Bank has been accredited as a Bounce Back Loan provider by the British Business Bank. The approval of Starling Bank was anticipated by the Fintech and the bank now joins the original list of traditional financial services firms providing the loans…. Read More

Bounce Back Loan Lenders Only Traditional Banks, So Far

Bounce Back Loans, the new COVID-19 support programming targeting the smallest of firms is open for applications today with funds expected to be distributed within days. Information on the program is available now on the British Business Bank website. Also included on the British Business… Read More

Starling Bank Debuts Online Tool to Help Business Customers Find Coronavirus Aid Schemes

UK-based digital banking group Starling Bank announced on Thursday it has launched a new tool that helps business customers to find the appropriate Government coronavirus support scheme for them. Starling Bank further revealed that the tool asks users a series of questions related to their… Read More

Digital Bank Starling Bank Comments on Being Accredited as a CBILS Lender

Following approval by the British Business Bank as  CBILS lender, Starling Bank – a digital-only bank, has issued a statement. Starling is a fully licensed and regulated bank, founded by Anne Boden, former Allied Irish Banks COO, in 2014. Helen Bierton, Starling Bank’s Chief Banking… Read More

Starling Bank Introduces Second Debit Card For Personal Account Holders

UK-based digital banking group Starling Bank announced on Wednesday the launch of its second debit card for personal accounts, Connect. According to Starling, the Connected card has been designed to help personal account customers who are self-isolating during the COVID-19 pandemic and are relying on… Read More

Starling Bank Announces Launch of Mobile Cheque Deposits

UK-based digital banking group Starling Bank announced on Monday the launch of its mobile cheque deposit services. Starling Bank reported that customers may now “capture” an image of the cheque and its mobile app will “read the details” to place the funds into the account…. Read More

Fintechs Start to Furlough Employees as the Economic Impact of COVID-19 Sinks In

Fintechs are starting to furlough employees as the economy tanks due to the COVID-19 induced decline. While not officially in recession, major economies are bracing for the worse while businesses are compelled to let employees go as business activity slows. On Monday, it was reported… Read More

Starling Bank Adds No Interest Overdraft Feature for COVID-19 Impacted Individuals

Digital bank Starling Bank is now offering an “overdraft interest holiday” to personal account holders who are struggling financially due to the COVID-19 crisis. Starling Bank customers may apply for a three month interest holiday beginning today (Apri 1, 2020). Effectively, Starling will waive all… Read More

Starling Bank Introduces 48-Hour Switch Off Delay For Gambling Block Feature

UK-based digital banking group Starling Bank announced on Thursday it has introduced a delay to its in-app gambling-block, which means that customers wanting to turn the block off will have to wait 48 hours before they may reactive spending on betting and gaming. The digital… Read More

Starling Bank Revises Interest Rate on Credit Balance For Free Currency Accounts Following Bank of England’s Decision to Cut Interest Rates During the Coronavirus Outbreak

UK-based digital banking group Starling Bank announced over the weekend it is revising the interest rate it pays on credit balances on its free current accounts, following the Bank of England’s (BoE) decision to cut interest rates amid the coronavirus outbreak. Starling reported that theBoE… Read More

Digital Banking: Starling Bank Recognized as Best British Bank, Other Fintechs Receive Awards

Starling Bank, a digital-only bank, has been voted ‘Best British Bank’ for a third consecutive year at the British Bank Awards. Other Fintechs were on the list too. Revolut, another digital bank, was recognized as the “Innovation of the Year.” Monzo was noted as offering… Read More

UK’s Fintech Alliance Launches New Mentoring Hub to Connect Industry Leaders with Startup Founders

The Fintech Alliance has introduced a new program via its platform, called the Fintech Alliance Mentoring Hub. The hub will help financial technology industry leaders connect with startup founders, entrepreneurs and other professionals who want to gain more experience and move up the career ladder… Read More

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