Mobile-Only Bank Helps Customers Save For Long-Term Goals Like Retirement
The U.K. banking app now includes services that usually rely on a financial planner, like pensions, savings and travel insurance
The U.K. mobile-only bank Starling is set to provide users with a full array of services, from mortgage brokerage and travel insurance to savings and pension planning. The new offerings are available thanks to a partnership with various financial apps and digital platforms, like PensionBee, Wealthsimple, Kasko and Habito.
The app plans to collaborate with as many as 25 partners in all to flesh out its “marketplace banking vision”—a mobile banking experience fit for the 21st century that offers a variety of third-party fiscal apps and services all in one place. Moreover, Starling’s vision and partnerships prove that banks and fintechs are not in competition but can collaborate symbiotically to pioneer the mobile banking future.