London, Oct 2, 2024 (AFP) - UK fines digital bank Starling for 'shockingly lax' controls

NAMPA / AFP

2024-10-02

A UK regulator Wednesday said it had fined startup Starling Bank £29 million for "shockingly lax" controls that "left the financial system wide open to criminals and those subject to sanctions". The Financial Conduct Authority (FCA) fined Starling, an online challenger bank taking on established lenders in the world of fintech, the equivalent of $39 million for failings linked to the bank's automated screening of customers. Founded by veteran ban......

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