Starling Bank, the world-renowned British neobank, is ending its bid to obtain a European banking license, dealing a significant setback to the company’s international expansion ambitions. Starling will instead concentrate on marketing its software-as-a-service solution and expanding its services into new lending sectors, as well as helping smaller legacy banks with their digital transformation goals. Starling still plans to expand in Europe, but only through software agreements with other institutions as opposed to under its own retail bank brand.
Fintech Starling Withdraws European Bank License Application
