Starling Bank

Starling Bank to cut 130 jobs as UK fintech pursues AI-driven restructuring

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Starling Bank, a UK challenger bank, announced plans to cut 130 jobs as part of a restructuring effort to streamline operations and accelerate AI-driven product development. The move follows a 3% decline in pre-tax profits to £217m and a revenue drop to £887m for the year ending 2025. The bank aims to enhance agility and reduce duplication while expanding its use of AI in banking services.

Starling Bank Reports Profit Decline Amid Interest Rate Pressures, But SaaS Unit Engine Surges

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Starling Bank, a UK challenger bank with over 6 million customers, reported pre-tax profits fell 3% to £217m and revenues fell to £887m for the year ending March 2026, primarily due to lower interest income from reduced interest rates. However, the bank’s SaaS subsidiary Engine doubled its client base to 4 and grew revenue 25% to £10.9m, signing a 10-year agreement with Tangerine (Scotiabank subsidiary) marking its first North American client.