Banking as a service, New banks

‘Why would anyone want to become a bank’: Will more challenger banks evolve as banking as a service providers?

  • Starling Bank's banking as a service offering is quickly growing.
  • Will other challenger banks follow suit?
‘Why would anyone want to become a bank’: Will more challenger banks evolve as banking as a service providers?

With BaaS, partners don’t have to obtain the appropriate licenses or struggle with the burden of running a regulatory organization — a huge hurdle to get over in order to enable financial services. Instead, they rely on Starling for technology and oversight.

“Why would anyone want to become an emoney institution?” said Julian Sawyer, Starling Bank’s chief operating officer.

Outlier Upsell

This content is available exclusively to Tearsheet Outlier members.

Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — $59/mo Already an Outlier member? Sign in to your account.  

New banks, Podcasts

The challenges and opportunities in moving from DTC into enterprise with Moven’s CEO Marek Forysiak

  • Moven was an early pioneer in consumer digital banking.
  • Over the past few years, the firm has moved into providing enterprise technology.
Zack Miller | October 15, 2019
New banks

Research: Seven transformative shifts in US retail banking

  • The banking industry is undergoing a lot of change.
  • By addressing the growing pressures, banks can stay relevant in the new environment.
Zoe Murphy | October 14, 2019
New banks

Credit Karma to jump into the high yield savings account market

  • Almost 100 million Americans use Credit Karma to help manage their debt.
  • Now, the firm is launching its own free high yield savings account.
Zoe Murphy | October 04, 2019
New banks

New challenger bank Dave now worth $1 billion after recent investment

  • With an investment from Norwest, Dave hits unicorn valuation.
  • The company still needs to prove it can move PFM users to become banking customers.
Zoe Murphy | October 01, 2019
New banks

Revolut chooses Visa as lead issuing partner for its international expansion

  • The challenger bank has global ambitions.
  • Visa will work with Revolut to expand to new geographies and markets.
Zachary Miller | September 30, 2019
More Articles