To start our latest Bulletin, an announcement from mobile-only bank Starling that it’s to start offering business loans to Limited Companies. Starling’s 100,000 business customers will also, for a monthly fee, be able to access its Business Toolkit service.
It’s now two years since Open Banking was launched. We look at a survey from the FSB which reveals that only a small number of businesses are taking advantage of the benefits Open Banking can bring.
Closing this week’s Bulletin, news from Nat West that it’s to link up with pre-paid MasterCard provider Soldo allowing their customers to directly access two of the bank’s key products. This is another example of the old guard joining forces with the newcomers.