Starling Bank is Born

New digitally-native mobile bank, Starling Bank, receives UK banking licence and announces Faster Payments adoption.
Starling Bank today received its UK banking licence with restrictions from the Prudential Regulation Authority (PRA) and the Financial Conduct Authority.

The new, digitally-native mobile bank, which will launch to customers by January 2017, is part of the next-generation of banks, disrupting the traditional banking model and streamlining the way consumers manage their money.

Whereas traditionally, customers have spread their finances over different accounts, loans and cards, Starling Bank will use data-led insights to give customers a clear picture of their entire financial situation, with the convenience of doing everything from one account.

The bank will also give customers insights about their spending habits, allowing a new level of control over spending and saving, as well as benefiting from the latest security features, card control technology and real-time notifications.  Further features will be co-created with Starling Bank’s customer community in the coming months.

“We are delighted to have the confidence and support of the regulator, to move forward and introduce a new style of banking,” said Anne Boden, CEO, Starling Bank. “For the past year, our team has been focused on building our product and technology from the ground up. By 2020, the number of UK mobile banking users will double from 17.8 million to 32.6 million and our aim is to empower these people to better manage their finances with an incredible app, purpose-built for those who happily manage their lives on their phone.”

Starling Bank App Screens

Starling Bank has also today unveiled its new brand identity, launching its new website, and announcing that it will join Faster Payments, the UK’s 24/7 real-time payment service, later in the year.

Starling Bank is on track to be the first next-generation bank to connect directly to the Faster Payments system. This will allow us to offer the best possible payments experience to our customers and partners,” continued Anne.

Craig Tillotson, Chief Executive of Faster Payments, said Starling Bank’s customers and partners would see the benefits of real time, 24/7 payments.

“Directly accessing Faster Payments is the only effective way for any bank to offer true real-time payments 24 hours a day, 365 days a year – we are delighted that Starling Bank have confirmed their intention to join using our new access model.”

Author: Dylan Jones

Share This Post On
ATM Africa

19 Comments

  1. Cialis Levitra Effetti Collaterali cialis price Dove Comprare Cialis Generico Forum

  2. Propecia Finasteride Problemi cialis Viagra Pfizer Wiki

  3. Get Pyridium Website France With Free Shipping Without A Script online pharmacy Buy Amoxicillin Antibiotic Online

  4. Amoxicillin Stomach Pain Children viagra Amoxicillin Urinary

  5. Amoxicillin Sodium Market Report viagra Le Viagra Pour Les Jeunes

  6. Cheapest Price On Viagra cialis Carlis Tadalafil Soft Tablets

  7. I’d have to check with you here. That is not one thing I generally do! I delight in reading a post that will make individuals believe. Also, thanks for allowing me to comment!

  8. Thanks – Enjoyed this blog post, can you make it so I receive an email every time you publish a fresh update?

  9. Hello! I just discovered this excellent website and I really enjoy it. I also always like to chat about firestarter app download at times. Great to be around, thank you!

  10. It was actually great to read this info and I feel you’re 100 correct. Let me know if perhaps you are thinking about framaroot pc, that’s my major competence. Hope to see you soon, be careful!

  11. I constantly go through your site content attentively. I’m furthermore thinking about framaroot plus, maybe you could discuss this at times. See you!

  12. You’re absolutely correct. I really liked reading through this article and I will return for more straight away. My own website is on the subject of best book on attracting women, you can have a look if you happen to be still interested in this.

Submit a Comment

Your email address will not be published.