In a major boost to the growing fintech sector in the Cardiff Capital Region, Starling Bank is investing in new data science, fraud and customer service hub in the city.
The new operation will grow Starling’s back-office operation. It may have helped that Starling Bank’s CEO and founder Anne Boden is a native of Wales.
The digital-only bank has made a strong start to 2020. Last month it confirmed that it has raised a further £60 million from its existing investors, Merian Global Investors, and JTC.
Anne Boden said: “The Welsh tech sector is one of the fastest digital economies outside of London, and continues to grow. ”
“ We believe that London’s success as a fintech hub should enable it to spread wealth and jobs throughout the UK and the wider economy.”
Starling has over 800 employees in its offices in London and Southampton and has 1.3 million customers across the UK.
Ken Stakes, Economy, Transport and North Wales Minister, said: “Our thriving FinTech ecosystem has seen a number of companies make the move to Wales following Welsh Government advice and support, and it’s fantastic Starling has decided to do the same, creating 400 new jobs with more to come.
“As a government, we can be rightly proud of our role in growing the financial and related professional services sector in what is a very competitive global business environment.”