Starling Bank has added InsurTech firm Digital Risks and cyber security platform CyberSmart to its business marketplace.

The two new partners are part of Starling’s strategy to provide business customers with the tools they need to set up and grow their operations. Accessible from within the Starling app, the complementary products allow customers to manage more of their business admin from one place.

Digital Risks offers insurance for small and medium-sized digital businesses, ranging from commercial legal protection, to cyber security, management liability, employers liability, public liability and professional indemnity. Cover comes via a flexible monthly subscription model that can be changed or cancelled at any time at no extra cost.

For those Starling customers who choose to purchase a product from Digital Risks, they will be able to keep track of their policy dates from within their Starling app.

CyberSmart uses technology to identify digital weaknesses of businesses in less than 60 seconds, recommending fixes and helping companies manage these through an online dashboard, making it easier for them to achieve their Cyber Essentials Certification and ensure that they are fully GDPR compliant.

Anne Boden, founder and chief executive of Starling, said: “These new partnerships will make it quicker and easier for our clients to ensure they have both the insurance cover they need and the vital cyber security systems in place – small businesses are subject to up to 10,000 cyber-attacks per day, so it is vital that they are properly insured and have robust digital protection.”

Starling’s in-app Marketplace, which uses Open Banking to give customers direct access to financial services and products securely on their phone, already has the likes of flexible working capital provider Growth Street and accountancy software Xero as partners.

The challenger bank has committed to launch 48 new partners on its business Marketplace by the end of 2023.

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