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E-invoicing, SCF & E-procurement

Anorak teams up with open banking app Starling

Tuesday 4 September 2018 | 01:18 PM CET

Life insurance technology provider Anorak has partnered with open banking platform Starling to offer its customers life insurance.

The partnership with Anorak will allow Starling customers to connect their account to Anorak's service through the bank's in-app marketplace. Anorak will then analyse the customer's bank transactions to decide how much cover the customer might need and for what period.

The customer is then matched with the policy best suited to them from major insurers. These include Aegon, AIG Life, Aviva, British Friendly, The Exeter, L&G, LV=, Old Mutual Wealth, Royal London, Scottish Widows and Zurich.

The partnership adds to Starling's portfolio of financial service products offered through its marketplace. The challenger bank already works with mortgage broker Habito, pension provider PensionBee and digital investment service Wealthsimple, among others.

More: Link
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