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”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: