Starling Bank, which is backed by Goldman Sachs, is in talks with an Asian bank about taking its Engine banking-as-a-service platform into a country in Asia, Nick Drewett, chief commercial officer at Starling, told CNBC.
Engine is a technology platform that Starling launched in March 2022 and licenses out to other financial technology firms and large banks. It is an all-in-one system that enables banks to develop their digital banking services — such as checking accounts, savings, loans, and mortgages — out of the box, rather than having to do all the digital legwork themselves.
Starling is using its Engine core banking platform as a launchpad for international expansion.
Rather than relying on a partner bank to debut its retail banking and lending services, Starling will license its technology out to lenders, enabling them to launch their own digital-only banking brands from scratch.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
