London-based neobank Starling Bank has officially received regulatory approval to open its “marketplace app store” for customers, the bank announced yesterday.
The move will allow Starling customers to access a range of third-party financial products via the marketplace, which could include loans, investment products, and other services offered by the fintechs joining the platform.
The bank received approval from the Prudential Regulation Authority and the Financial Conduct Authority to offer the marketplace within its app.
Starling’s existing fintech partnerships include Moneybox, Flux, and Yolt. The services will be integrated into the marketplace using Starling’s APIs.
The bank has also announced a new partnership today with mobile invoice fintech Albert. The company will automatically match transactions from a user’s Starling account with the invoices from its own app.
The integration is currently in beta form — only selected users can integrate Albert with their Starling accounts, via Albert’s website — but the feature is expected to expand to all Starling users in the next year.2 - Readers Like This Post