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Women in Finance Charter: Our progress so far

1st August 2019

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Starling has always been committed to being an inclusive workplace, one that strongly believes that what you know is more important than gender, race, religion or anything else. That’s why in 2017 we signed the Women in Finance Charter.

As a digital bank, we operate at the axis of two traditionally male-dominated professions, banking and technology. As a new company, starting from scratch, we have an opportunity to become the blueprint for gender equality in the fintech world. As part of this, we are determined to advance and celebrate the successes of women at Starling, and in fintech more widely.

What is the Women in Finance Charter?

The charter is a voluntary commitment by HM Treasury and signatory firms to work together to make finance a more gender balanced industry. As a signatory, Starling is committed to supporting the progression of women into senior roles and to reporting on our progress.

"Our goal at Starling is for a more even gender balance, not only because it is the right - and fair - thing to do, but also because it is likely to make for a more successful company. And that, in turn, should mean a better service for our customers.

There’s no shortage of evidence to support the view that diverse teams perform better in the workplace overall. In fact, the business case for diversity of all sorts is now widely accepted in management courses and boardrooms around the world, even if it is rarely rigorously applied in practice." - Anne Boden, CEO

Our progress so far

When we signed up to the charter in 2017, we reported that 27% of our staff in senior management roles were women and we set ourselves a target to increase this to 30% by 2021.

We are pleased to announce that we have already achieved and exceeded our 30% goal. That’s why, earlier this year we raised our official Women in Finance Charter target to 40% by 2021. But since then we’ve made rapid progress and now 39% of our senior management positions are held by women. So we’ll be revisiting that target soon.

A visual representation showing our goal to reach 40% female senior management by 2021

Since we’ve signed the charter we’ve had great success. In the last six months along, we’ve grown our customer base by more than 55% and seen a 100%+ growth in our deposit base. We’ve nearly doubled our staff base this year and in June we opened our new office in Southampton with another office in Cardiff planned soon.

We’ve also won a string of awards and we were named Best British Bank, Best Current Account Provider in 2018 and 2019 and Best Business Bank at the Smart Money People Awards in 2019.

As we continue to grow and work towards our new Women in Finance target, we remain committed to doing our best to ensure that finance becomes a more gender balanced industry.

“We’ve all heard the phrase ‘behind every great man is a great woman’ but here at Starling it is so clear to see that, alongside every great man is a great woman.

I am humbled to work with such talented people who regardless of gender are working together to build a better bank.” - Mariam Ogunbambi, Head of Card Operations.

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