There had previously been reports that Starling Bank could IPO as soon as 2022, but with the current environment it...
The British Business Bank has added fintechs OakNorth Bank and Starling Bank to the more than 40 lenders in the...
The UK’s Financial Conduct Authority plans to move forward with overdraft changes in April which would allow for banks to...
AltFi takes a look at overdrafts in the digital banking market, both arranged and unarranged; their research found that Starling...
Innovate Finance published their annual list of women in fintech and while progress has been made, more work is needed; Innovate Finance CEO Charlotte Crosswell said "We’ve still got work to be done. When you look at statistics of women in fintech — it’s not there yet.”; other leaders like Anne Boden of Starling Bank said we all need to try harder; studies also show that the more diverse a team the better they perform. Source.
New CFPB chief’s memo to staff: Enforce law, but don’t presume guilt 2019 could be the year CRA deadlock ends...
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.
[Editor’s note: This is a guest post from Ryan Weeks, formerly with Dow Jones and AltFi, covering fintech. This is...
Open Banking kicked off in the UK this past January. Thus far we’ve seen slower adoption among traditional banks, a...
UK digital banks Monzo and Starling Bank announced payments integrations; Monzo plans to integrate Android Pay into the user interface for current account users; Starling Bank says it will be the first bank to partner with Fitbit Pay; while this is the first partnership of its kind for Monzo, Starling Bank integrated with Android pay a few months ago. Source.