According to CNBC, the British digital bank Starling is preparing to make its first foray outside of Europe and is aiming to enter the Asia-Pacific region.
According to Nick Drewett, chief commercial officer of Starling, the digital lender, which is backed by Goldman Sachs, is in discussions with an Asian bank about expanding its Engine banking-as-a-service platform into an Asian nation.
Due to the nature of the agreement’s secrecy, Starling chose not to name the nation or Asian bank. Drewett asserted that the bank with which Starling is cooperating would instead launch small and medium-sized enterprise (SME) accounts using the company’s platform.
In an interview with CNBC on Thursday, Drewett said, “It’s a different proving point for us: one in Europe, one in Asia-Pacific.”
“We’re pleased with the rate at which we can absorb the implementation; this rate will increase with each new implementation. (…) Even though it won’t ever be totally cut and paste, it will be able to move more quickly as we accumulate more material.
Source (CNBC)
