Starling is moving into the banking-as-a-platform space, enabling third party companies to craft their own financial services offerings using the challenger’s banking license and API infrastructure.
Starling says the service bundle will enable retailers, brands and fintechs to develop and scale a suite of customised products, such as savings or current accounts and debit cards, with just a few lines of code.
The bank has already signed its first partnership with savings marketplace Raisin, which will use Starling’s API to open accounts for each customer, collect their deposits and place them with their panel of banking partners.
