Starling Bank is reportedly taking several debtors to court amid a U.K. financial watchdog’s investigation. The neobank has filed petitions against 24 companies that have defaulted on their loans, the Financial Times (FT) reported Wednesday (June 19), citing court records. The publication said its analysis...
Great Britain’s smaller banks are apparently among the largest targets for payment fraud. That’s according to a report issued Tuesday (Oct. 31) by the U.K.’s Payment Systems Regulator (PSR) examining the extent of authorized push payments fraud (APP). “This is the first time we can...
Starling Bank plans to make its first expansion outside of Europe, moving into the Asia-Pacific (APAC) region. The British neobank has been in talks with an Asian bank about taking its Banking-as-a-Service (BaaS) platform, Engine, into a country in Asia, although it declined to identify the country or Asian...
With profits increasing six-fold and revenues rising, Starling Bank’s CEO is stepping down. Ann Boden, who is both founder and chief executive of the British neo-bank, announced Thursday (May 25) that she would hand the reins of the company to John Mountain, Starling’s chief operating...
June 09, 2022
“We’re in a very dangerous phase,” said Starling Bank CEO Anne Boden in a session at the ongoing Money2020 Europe conference in Amsterdam when describing the heightened exposure to fraud caused using cryptocurrencies. It’s a reason, she said, the U.K.-based neobank has so far steered away from digital assets, instead focusing on protecting unsuspecting customers […]
July 19, 2017
New players on the banking scene are bringing a host of changes to the industry. But in some cases, these disruptions are more likely to be met with pushback from...
October 02, 2024
Starling Bank has been fined 29 million pounds ($38 million) for failing to implement proper financial crime controls. The U.K. Financial Conduct Authority (FCA) announced the penalty against the neobank Wednesday (Oct. 2), noting that it stemmed from problems first identified in 2021. The fine comes amid a series of regulatory actions against banks over their money laundering […]
June 19, 2024
Starling Bank is reportedly taking several debtors to court amid a U.K. financial watchdog’s investigation. The neobank has filed petitions against 24 companies that have defaulted on their loans, the...
October 31, 2023
Great Britain’s smaller banks are apparently among the largest targets for payment fraud. That’s according to a report issued Tuesday (Oct. 31) by the U.K.’s Payment Systems Regulator (PSR) examining...
August 11, 2023
Starling Bank plans to make its first expansion outside of Europe, moving into the Asia-Pacific (APAC) region. The British neobank has been in talks with an Asian bank about taking its Banking-as-a-Service (BaaS)...
