29 April 2021

Starling Bank remains second most switched-to UK bank

Written By FinTech Alliance in Banking

Starling Bank remains second most switched-to UK bank

Starling Bank has been the second most switched-to bank in the UK for three quarters now.

In Brief: 

In October and December 2020, 15.960 customers switched their primary account to Starling. 

This data comes from the Current Account Switch Service (CASS). 

It follows behind Lloyds Bank which had 29,556 net switches. 

What does this mean?

Operated by Pay.UK, the CASS aims to make it easier for people to switch to another bank account in order to promote consumer choice. 

Starling CEO Anne Boden commented: “Starling’s combination of a really user-friendly app, backed up with fantastic customer service, has brought thousands of switchers our way, rather than the offer of cash incentives or elaborate gifts. We intend to keep this focus on having the very best technology as our key differentiator.” 

FinTech Alliance EPAM Systems recently revealed what incentives would make users switch their bank – you can read their report here.

 

Up Next ...
13 January 2025

Tony Blair: Why Most Leaders Are Failing Today

We are delighted to share an exclusive interview sponsored by The Fintech Alliance. In this compelling discussion, Tony Blair offers thoughtful insights into the challeng...

17 December 2024

Nubank Leads $250 Million Investment in African Digital Bank Tyme, Valuing It at $1.5 Billion

The funding will support Tyme's expansion into Southeast Asia, including Vietnam and Indonesia, as it aims to become a top retail bank in South Africa within three years....

17 December 2024

FIS Reportedly Set to Acquire UK-Based Fintech Demica for Around $300 Million

The acquisition is expected to enhance FIS's portfolio, following its recent purchase of San Francisco-based Banking-as-a-Service fintech Bond.

17 December 2024

AHAM Capital, leading asset manager in Malaysia, selects Temenos Multifonds SaaS to modernize its fund accounting platform

AHAM Capital is replacing legacy, on-premises systems with Temenos Multifonds Global Accounting on SaaS to drive scalable automation and future growth in the Malaysian ma...

More in Banking

RBI's 3 new initiatives hailed by Industry

29 May 2024

FinTech Leaders praised RBI's 3 new Initiatives...

Fintech Farm raises $32mn

14 May 2024

Expanding its ‘neobank in a box’ model to India In brief:- The ...

Posted By The Community

Velmie and Unlimit unite to accelerate European FinTech growth

08 May 2024

Unlimit BaaS’s comprehensive suite of payment services will enable Velmie to support the launch and...

Written By: Velmie

British Business Bank appoints Kristen McLeod CBE as Chief Strategy Officer

26 April 2024

Kristen joins the BBB from HM Treasury. In brief:- Kristen served ...

White Papers Banking

Consumer Banking Report 2024

29 February 2024

In the fourth iteration of EPAM's report, we surveyed 9,000 retail banking consumers evenly distribu...

White Papers Banking

Navigating the challenges of working with banks

12 June 2023

Banks and FinTechs are increasingly in need of each other. For incumbent banks, especially, the adop...

White Papers Banking

EPAM Continuum: Consumer Banking Report 2022

09 November 2022

EPAAM Continuum has released its third annual consumer banking report. Surveying 26,000 people...

White Papers Banking

How to Choose the Right Core Banking Provider: 5 Key Takeaways

03 March 2022

Market pressure, changing consumer expectations and rapid developments in technology; combined, thes...

There are no Events in this category