Hi! It’s Monday, July 25, 2022. The Rundown British digital bank Starling withdrew its application to Ireland’s central bank for an EU banking license nearly four years after initiating the process. After facing issues with its application in the past, and pausing talks with regulators during COVID, CEO Anne Boden stated that “an Irish subsidiary would not deliver the added value we are seeking” and that the fintech will “now be focusing on taking our software to banks around the globe through our [SaaS] subsidiary, Engine, and by expanding our lending across a range of asset classes.” On the bright side, the company also
Fintech Update, 7/18 - 7/24
Fintech Update, 7/18 - 7/24
Fintech Update, 7/18 - 7/24
Hi! It’s Monday, July 25, 2022. The Rundown British digital bank Starling withdrew its application to Ireland’s central bank for an EU banking license nearly four years after initiating the process. After facing issues with its application in the past, and pausing talks with regulators during COVID, CEO Anne Boden stated that “an Irish subsidiary would not deliver the added value we are seeking” and that the fintech will “now be focusing on taking our software to banks around the globe through our [SaaS] subsidiary, Engine, and by expanding our lending across a range of asset classes.” On the bright side, the company also