From Yahoo Finance: 2025-06-27 09:59:00

Starling Bank, a UK digital bank, is eyeing acquiring a US-based bank for expansion. The neobank plans to engage US banking specialists this summer and is looking for East Coast banks with around $2bn in assets. Details of the talks are confidential as the bank aims to enhance digital capabilities.

Following its US market entry earlier this year, Starling Bank is now seeking to acquire a US bank to integrate its modern banking technology platform. The move comes after a leadership change with Raman Bhatia as CEO. The bank has also faced regulatory scrutiny, being fined £29m for handling high-risk customers poorly.

Starling Bank recently introduced an AI-powered chatbot called ‘Spending Intelligence’ in its mobile app. The chatbot, powered by Google’s Large Language Model, provides users with insights into their spending habits. It operates on the Google Cloud Platform, which hosts Starling’s technological infrastructure.

Read more: Neobank Starling seeks expansion in US