Starling Bank’s Software-as-a-Service arm has opened its new London headquarters this week.

The move will give Engine by Starling space to hire over 150 new staff members.

The new HQ, at 199 Bishopsgate, will support more than 300 engineering, delivery, and client services experts once the team is fully grown.

The announcement comes after the company signed its largest-ever deal with Tangerine to help the Canadian bank upgrade its core banking infrastructure.

Tangerine became its first North American customer after the British business announced the opening of offices in New York and Toronto earlier this year.

Engine also powers AMP Bank GO in Australia and Salt Bank in Romania, and has opened further international offices in Sydney and Dubai.

“Thanks to our global footprint, Engine is well on track to scale into a business generating £100 million of annual recurring revenue," said Sam Everington, chief executive, Engine by Starling. "London sits at the heart of our operations, and is where our proprietary tech stack was built. It therefore makes perfect sense to expand our headcount and launch our new HQ in the City."

Engine previously shared Starling Group’s headquarters at the Fruit and Wool Exchange in Spitalfields, where the company acquired more space in November as it continues to grow.

The bank's growth includes its engineering and data science teams, which have delivered a number of UK-first AI tools this year. These include Scam Intelligence, a scam detection tool, and Spending Intelligence, which lets customers query their spending history with voice and natural language.

“While we now live in separate offices, Starling Bank remains a critical case study for what Engine’s technology platform can do," added Everington. "The bank’s innovation, particularly when it comes to AI, is driving significant interest for Engine worldwide."

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