Anne Boden, the founder of Starling Bank, is reportedly stepping down from the board to develop a new AI business.

According to The Sunday Times, the former Starling chief executive seems to be exploring a new AI venture through a company called AI By Boden.

The report said that she created the new company at Companies House last year after renaming another registered business.

The ex-Starling boss declined to comment on any plans to develop an AI business.

Starling announced last May that Boden would be stepping aside as chief executive but said she would remain on the board as a non-executive director.

At the time, she said the move would allow her to focus on her position as shareholder and ensure the bank sticks to its values.

Following her full departure from the bank, Boden will still remains a shareholder.

Raman Bhatia became Starling's chief executive in March, after John Mountain - Starling's chief operating officer - took over the role on an interim basis last year.

Bhatia was previously head of digital bank for HSBC’s retail banking and wealth management business in the UK and Europe.

In April, Starling reported its third year of profitability with pre-tax profits jumping 55 per cent to £301.1 million in the year ended 31 March.

At the time, Starling said the results were driven by strong growth in revenue, active customers and customer transactions.

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