News

May 28, 2025

Starling profits slump by a quarter as neobank reckons with ‘legacy issues’

The UK’s financial regulator fined Starling £29m in October for ‘shockingly lax’ financial sanction screening controls

Tom Matsuda

3 min read

Profits at Starling fell by just over a quarter last year amid a “difficult time” for the bank, which was recently  £29m over shortcomings in its anti-money laundering processes. 

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Tom Matsuda

Tom Matsuda is a fintech reporter at Sifted and writes our weekly fintech newsletter. Find him on X and LinkedIn

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