Starling Bank launches Marketplace, integrates with itemised receipt and rewards startup Flux

Sep 13, 2017 · techcrunch.com

Flux receipt in starling

Marketplace banking — the idea that your bank will provide you with access to various third-party money-related apps and services within its own app — has long been championed by fintech startups, whilst upcoming Open Banking/PSD2 legislation in the U.K. and EU, respectively, will make third-party app integration an inevitable reality. That’s seeing a number of challenger banks skating to where the puck is going, including London-based Starling Bank, which today is launching the Starling Marketplace.

Billed by the digital-only challenger bank as a new concept in banking, the Starling Marketplace puts products from other fintech providers (and in the future "lifestyle products," because nearly every business is going to be tempted to jump onboard the Open Banking train) within "an easily browsed ecosystem" accessible within the Starling app.

Partnering companies integrate with Starling Bank via the challenger bank’s Open Banking-compliant APIs, although, as I’ll explain below, are integrating more deeply than simply making use of those APIs, which any third-party developer, once vetted, can potentially do.

Read Complete Article

Looking to launch your career in tech? TONIGHT, 20 Sept, join for @RedAcademyUK’s FREE Careers in Tech event… https://t.co/M1D9ic7Oh2

I’m calling on the Govt to replace £22m in vital EU funds for London that will be lost each year after Brexit → https://t.co/P8zf2T4qWp

Is investment in the UK's innovative industrial tech set to increase? https://t.co/bvQ37rKTSD

VIDEO: Seenit founder on what success means for a tech startup https://t.co/9O8ojTKbA0 https://t.co/NcM4k7TGQt

Simon Pearson, annafaelten and Jonny Chiles EY_TMT_UK explore how you can figure out if you are prepared for exit https://t.co/AmbcoG2J7o

Tech.London Weekly

×