Tagged: starling bank

January 17, 2025 @ 1:39 pm By Omar Faridi  |  

Over one-third of UK adults say they have £25,000 or more in cash savings, according to research from Starling Bank, and it seems that “putting money aside for life goals is the key to building up a savings pile.” Starling Bank noted that 36% of… Read More

November 16, 2024 @ 4:27 pm By Omar Faridi  |  

Starling Bank is aiming to simplify saving with the launch of Easy Saver, a savings account linked to a Starling personal current account. This account offers “penalty-free, immediate” withdrawals, as well as an interest rate of “4% AER / 3.92% GROSS” variable on balances “up… Read More

October 15, 2024 @ 11:40 am By Omar Faridi  |  

Cedric Iggiotti, VP Product, Screening at ThetaRay noted recently that in an era where financial institutions face growing pressure from regulators, Starling Bank’s enforcement action by the UK’s Financial Conduct Authority (FCA) serves as an important reminder: a robust compliance framework isn’t just a regulatory… Read More

October 7, 2024 @ 9:09 am By Omar Faridi  |  

Starling Bank‘s recent £29 million fine shows the true cost of “cutting corners” on digital ID verification, according to Regtech and Fintech industry professionals. As reported just last week, this past Wednesday 2nd October, the UK’s challenger bank Starling had been fined nearly £30 million… Read More

October 3, 2024 @ 10:57 pm By Omar Faridi  |  

Starling Bank confirms that it fully accepts the findings set out in the Final Notice published today by the Financial Conduct Authority (FCA). This reportedly resolves the investigation referred to in Starling Bank’s annual report in June 2024. Starling notes in a release that it… Read More

September 23, 2024 @ 8:30 am By Omar Faridi  |  

Voice cloning scams – where fraudsters use AI technology to replicate the voice of a friend or family member – could be set to catch millions out, according to new research shared by Starling Bank. The data, from Starling Bank, found that over “a quarter… Read More

June 12, 2024 @ 8:18 am By Omar Faridi  |  

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

May 30, 2024 @ 8:25 am By Omar Faridi  |  

Salt Bank, a new digital bank in Romania’s financial landscape, has launched less than one year after the project was kicked off. Salt Bank is the first neobank using Engine by Starling’s core banking system “outside of the vendor’s parent company, Starling Bank.” It was… Read More

May 27, 2024 @ 5:16 pm By Omar Faridi  |  

UK digital bank Starling might reach a valuation of nearly £10 billion within the coming years as it introduces its banking software internationally for competitive fees. This, according to one of its key investors. Investment trust Chrysalis, which is reportedly Starling’s second-largest investor, told the… Read More

March 13, 2024 @ 8:19 am By Omar Faridi  |  

Starling Bank announces the appointment of Raman Bhatia as Group Chief Executive Officer. He will take over from John Mountain, who has “been acting as interim CEO since our founder Anne Boden announced she was stepping back from the role last year.” Raman is currently… Read More

January 24, 2024 @ 8:50 am By Omar Faridi  |  

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

January 9, 2024 @ 8:14 am By Omar Faridi  |  

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

December 5, 2023 @ 9:11 am By Omar Faridi  |  

Starling Bank is working with GFT, the global digital transformation pioneer, as an implementation partner for its Software-as-a-Service business, Engine by Starling. Engine by Starling provides banks “with access to the cloud native, modular and API-based banking platform initially built by Starling‘s own in-house tech… Read More

November 23, 2023 @ 12:43 pm By Omar Faridi  |  

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

November 19, 2023 @ 11:04 pm By Omar Faridi  |  

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

September 28, 2023 @ 11:58 am By JD Alois  |  

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

September 24, 2023 @ 10:21 pm By Omar Faridi  |  

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

August 11, 2023 @ 3:07 pm By JD Alois  |  

Top UK-based digital bank, Starling Bank, is looking to expand its footprint beyond the borders of the UK, according to a report. Starling is preparing to launch operations in Asia, but apparently not with its own brand but by partnering with an Asian bank that… Read More

May 25, 2023 @ 8:45 am By Omar Faridi  |  

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

May 22, 2023 @ 8:05 am By Omar Faridi  |  

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