8 November 2021 – SC Ventures, the innovation arm of Standard Chartered Bank, announced the launch of Shoal, a new digital platform powered by Starling Banking Services that will give UK savers the power to help fund the fight against climate change. Launching in 2022, Shoal will invest exclusively in green and sustainable projects, and will give savers the power to select the types of project their money supports. Shoal signifies a major development in the UK banking sector, combining Standard Chartered’s leadership on sustainability and unique global footprint with Starling Bank’s digital capabilities and banking-as-a-service offering in the UK. Shoal will be added to the Starling Marketplace in due course, enabling existing Starling Bank customers to benefit from this new digital sustainable offering. As part of the broader strategy this new partnership intends to expand Shoal into Europe.
Re-disseminate by The Asian Banker from Standard Chartered