Starling’s banking-as-a-service (BaaS) arm Engine has won its first major customers.
Salt Bank, billed as Romania’s first digitally native bank, will use Engine to provide a wide range of digital retail banking services for mobile users.
Engine offers the technology platform that was built to power Starling Bank to international bank customers. It includes capabilities such as digital onboarding and account management, payment processing and operational management including customer service.
The app is expected to go live in 2024.
Meanwhile, Australian financial services provider AMP is planning to use Engine to launch a digital bank division targeting sole traders and small businesses.
The new digital division will offer transaction and savings account, as well as tailored functionality and features to help small business owners manage their finances from their mobile phones.
AMP plans to launch the offering by Q1 2025.
