PwC Signs Deal As A Strategic Implementation Platform For Starling Bank’s SaaS Engine

PwC has announced a strategic alliance with Engine by Starling. The latter is a software-as-a-service subsidiary of Starling Bank.

Engine will make modern banking technology accessible to banks around the world. This Engine platform powering Starling Bank is modular, API-based, cloud-native, and scalable.

The SaaS Engine platform seeks to support financial service organizations in rapidly releasing new digital banking propositions and businesses.

PwC Signs Deal for Starling’s Engine

This deal places PwC as a strategic partner for Starling Bank. It will also ensure that the professional services firm will improve its global digital banking offering to clients across multiple regions.

While speaking in this alliance, Mark Stanley, a Financial Services Consulting Partner at PwC Middle East, noted that clients in the Middle East were ambitious regarding digital transformation. However, the company has also seen different examples of digital ventures that failed to deliver credible results.

“Engine is unique globally given it provides a single stack platform that has been proven through the success of Starling Bank across retail and business banking segments,” Stanley said. “We are delighted to announce our collaboration with Engine and the opportunities it will create for our clients and their customers.”

Transforming Digital Banking Services

According to the Digital Platforms director, Alex Price, this offering will also transform the digital banking services offered by PwC UK. He noted that Engine offered a generational leap supporting digital banking technology to improve customer and employee experiences.

Furthermore, PwC had extensive experience, which, combined with cutting-edge technology, solved client needs.

By allying with Starling Bank’s Engine, PwC will be well-positioned to provide a higher range of technological solutions that ensure its clients deliver the best digital banking services to customers while also improving upon the employees’ experiences.

Another benefit of this partnership is that it will save costs and improve productivity. It will also expand PwC’s existing capability to involve Engine. Davies noted that PwC would continue leading in digital banking technology innovation.

PwC has set itself apart in the UK market by being a leader in offering professional services. Its services will play a critical role in delivering the cutting-edge digital banking services offered by Engine to customers globally. PwC will also combine knowledge and experience to support the transformation of business models via the Engine platform.