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Starling Bank (/ ˈ s t ɑːr l ɪ ŋ /) is a British bank, occasionally referred to as a digital challenger bank or neobank, providing current and business bank accounts in the United Kingdom. [ 2 ] [ 3 ] Starling Bank is a licensed and regulated bank , founded by former Allied Irish Banks COO , Anne Boden , in January 2014. [ 4 ]
3 minute Welsh Government video of Anne Boden introducing herself and Starling Bank; July 2020. Anne Elizabeth Boden MBE (born January 1960) is a Welsh tech entrepreneur. She is the founder and former CEO of Starling Bank and the first woman to found a British bank. [1] [2] In 2018, she received an MBE for services to financial technology. [3]
Harald McPike (born 1958) is a Bahamas-based Austrian billionaire, and a 36% owner of Starling Bank. [1] He was born in Zürich, Switzerland in 1958. [2] He grew up in Austria, and in the 1980s, studied economics at the University of Vienna. [2] McPike started his career as a blackjack player.
[15] [16] As a result, a naming suggestion contest was organised and the new name, "Monzo", was registered at Companies House under the legal name "Monzo Bank Ltd" in August 2016. [ 17 ] On 16 May 2017, Monzo announced that over £250 million had been spent through its prepaid card, between 200,000 customers.
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In 2014, the Paragon Group of Companies PLC launched Paragon Bank which offers a range of internet-based savings accounts and a range of lending products. [ 6 ] In 2017, it changed its name to Paragon Banking Group PLC , as part of becoming a "fully integrated banking business".