Starling Bank’s Marketplace goes live with Flux
Written by Anthony Strzalek
Starling Bank has gone live with their Marketplace, a new ecosystem of financial products accessible through Starling’s app.
The mobile-only challenger bank has also welcomed Flux, a rewards and receipt platform, as the first integrated partner to sit within the Marketplace.
The Starling Marketplace is a concept whereby products from other FinTech providers - and in the future lifestyle products - can sit within an easily browsed ecosystem all from within the app. These partners integrate with Starling Bank using their Open Banking and PSD2 compliant APIs.
This is particularly significant as it means Starling now has fully open, PSD2 ready APIs in preparation for the regulatory changes.
Megan Caywood, chief platform officer at Starling Bank, said: “Starling is built on the belief that customers should have ownership over their data. This is how they can build a better relationship with their money. The Starling Marketplace is central to turning this belief into something tangible, allowing third party developers, like Flux, access to our API’s to build a range of apps and integrations with the goal of helping people manage their money more efficiently.”
Matty Cusden-Ross, CEO and founder at Flux, added: “We fundamentally believe Flux can bring the most significant innovation in retail payments since contactless. In less than five months of sales we achieved full rollout with partners who share our vision. We’re immensely proud to be one step closer to digitising the world’s receipt data in the simplest way possible.”