Mobile-only challenger Starling Bank is making its business account available to the UK’s 3.4 million sole traders, two months after launching the business account service.
According to the bank, this will be the first time that sole traders – who make up more than 60 per cent of UK businesses – will be able to manage their business account entirely from their mobile, while being able to manage their personal finances from the same app.
Starling customers will be able to make payments to suppliers from the app (including international payments), receive real-time balance updates and access insights on monthly spending. They’ll be able to set aside money for important business expenses using the Goals feature, which allows users to set savings targets for individual items or areas of expenditure.
The service will initially only be available to existing Starling customers.
Latest News
-
10 international banks explore digital currency launch
-
Ex Klarna boss joins FinTech lender Salad Group as CEO
-
Lloyds Bank rolls out AI training for senior leaders
-
Lloyds sets aside £800m more for car finance redress as regulator outlines scheme
-
Klarna and Google Cloud ink AI deal
-
Yapily partners with Google to support bank account verification for businesses
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
Unleashing generative AI: A force multiplier for financial crime teams
This FStech webinar, sponsored by NICE Actimize sees industry experts examine the revolutionary impact of generative AI on financial crime operations, and provides actionable insights to enhance your compliance strategies.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories