As a savvy investor looking for the next big trend in finance, you may want to keep your eye on digital bank Starling. This innovative company, led by incoming CEO Raman Bhatia, has made a bold decision to forgo re-applying for a European Union banking license and instead focus on international expansion through its software business.
In a recent announcement, Bhatia revealed that Starling’s international expansion plans will be centered around Engine, a software platform that the company sells to other businesses looking to establish their own digital banks. This unique approach sets Starling apart from its competitors and positions it as a major player in the global fintech industry.
While some digital banks are focused on consumer-facing services, Starling is taking a different route by leveraging its proprietary technology to target enterprise clients. This strategy has already shown promise, with Salt Bank in Romania and AMP in Australia signing on as Starling’s first Engine customers.
By doubling down on its software business and expanding into new markets such as Thailand and the Middle East, Starling is poised to capture a significant share of the enterprise software space. This bold move, coupled with Bhatia’s vision for the company’s future, makes Starling an exciting prospect for investors looking to capitalize on the latest trends in finance.
Stay ahead of the curve and keep an eye on Starling as it continues to disrupt the traditional banking industry with its innovative approach to international expansion and technology-driven growth. Join the Extreme Investor Network to access exclusive insights and analysis on companies like Starling that are shaping the future of finance.