Starling Bank is set to embark on a new phase that will see the challenger bank offer its Software-as-a-Service (SaaS) proposition to banks around the world.

In a blog, the bank’s chief executive said the service will offer partners the benefit of using Starling’s advanced technology as their own.

“If a bank wants a digital bank, they can have one up and running in months with Starling’s SaaS offering,” said Boden. “It will be their licence, our technology.”

The move follows an announcement last September which outlined the bank’s plans to expand across Europe in the first half of 2022.

The challenger bank said it also planned a continued expansion of its lending and said to expect a mix of strategic forward flow arrangements, organic lending across various asset classes, and a targeted M&A strategy focusing on selected lending originators.

The news comes after a year of growth for Starling.

Boden said Starling’s share of the UK SME market now tops seven per cent, and its deposit base now stands at £8.4 billion, up from £4.8 billion this time last year.

In addition, the chief executive said Starling expanded its lending from £1.9 billion to £3.1 billion.

In November, Boden has said an initial public offering (IPO) is “a year or two off,” according to sources reported by CNBC.

“As we all figure out what is next, I’m acutely aware that many of our personal and small business customers will be facing a big squeeze come Spring 2022,” said Boden. “This is the moment the peak of the inflation wave is predicted to hit, the rise in the energy price cap will take effect and taxes are scheduled to go up.”

She added: “We’ll be watching closely to see how this affects the most vulnerable.

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