AltFi takes a look at how the digital banks are hiring as many of the top names have all raised...
UK digital challenger, Starling Bank, has announced plans to move forward with a small business lending offering; last year they...
UK based challenger bank has raised over $96mn as they eye European expansion; $77mn of the round came from Meridian...
TearSheet sat down with Megan Caywood, co-founder and chief platform officer at Starling Bank, to talk about the digital bank’s success so far; the interview covers the biggest issues with banking today, the issues Starling Bank is trying to solve, differentiating from other digital banks, customer acquisition and more. Source.
Surveys by finance site Smart Money People and RFI Group both point to an important time for UK based digital banks; Starling Bank and Monzo were the top two banks in customer satisfaction according to Smart Money People; RFI Group found UK customers willing to use a digital only bank dropped from 78 percent to 54 percent in the past year; while the digital only banks please customers more they are beginning to run up against incumbent competition for a similar experience; digital only banks need to begin thinking about building long term businesses as the old guard catches up. Source.
UK based challenger Starling Bank has seen some good success with their banking as a service offering; the company says...
UK based challenger banks Starling Bank, Metro Bank and ClearBank were awarded more than $365mn of the RBS Competition Fund;...
New CFPB chief’s memo to staff: Enforce law, but don’t presume guilt 2019 could be the year CRA deadlock ends...
Open Banking kicked off in the UK this past January. Thus far we’ve seen slower adoption among traditional banks, a...
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.