Starling Bank, a UK-based digital bank, has announced its plans to hire 1,000 new tech employees in the coming months. The move is aimed at boosting the bank’s digital services and expanding its customer base.
The bank, which was founded in 2014, has grown rapidly in recent years, with over 2 million customers and £4 billion in deposits. It offers a range of digital banking services, including current accounts, savings accounts, and loans.
The new hires will be focused on developing the bank’s technology platform, including its mobile app and online banking services. The bank is also looking to expand its product offerings, including launching new lending products and investment services.
Anne Boden, CEO of Starling Bank, said in a statement: “We’re excited to be expanding our team and investing in our technology platform to continue to deliver the best possible banking experience for our customers. Our goal is to make banking as easy and convenient as possible, and our new hires will help us achieve that.”
The move comes as traditional banks are facing increasing competition from digital banks like Starling. These banks offer a range of benefits to customers, including lower fees, better interest rates, and more convenient banking options.
Starling Bank has been particularly successful in attracting younger customers who are looking for a more modern banking experience. The bank’s mobile app has been praised for its user-friendly design and features like real-time notifications and spending insights.
The bank has also been expanding its business banking services, with a focus on helping small businesses manage their finances more efficiently. This includes offering tools like invoicing and expense tracking, as well as access to loans and other financing options.
Overall, the expansion of Starling Bank’s workforce is a positive sign for the UK’s fintech industry. The sector has been growing rapidly in recent years, with London emerging as a global hub for fintech startups.
As more consumers turn to digital banking services, there will be increasing demand for skilled tech workers who can develop and maintain these platforms. By investing in its technology platform and expanding its workforce, Starling Bank is positioning itself for continued growth and success in the years ahead.
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