Digital wealth manager Nutmeg joins Starling’s marketplace

By Megha Bhattacharya

UK digital bank Starling has announced that digital wealth manager Nutmeg has joined its Marketplace. The new addition is expected to help the Bank’s personal and sole trader customers connect their banking to their investment accounts and pensions. The new integration will give Starling’s growing customer base the ability to keep track of their pension and investment balances all within its app.

Helen Bierton, Chief Banking Officer at Starling Bank said, “By developing smart integrations with the third-party platforms popular with our customers, such as Nutmeg, Starling is making it easier for customers to keep track of their money wherever it is located.”

Starling customers with a Nutmeg account can connect to it through the Marketplace, while those without one will be able to sign up through the Marketplace. Users can benefit from a fully managed and socially responsible pension portfolios, with a minimum investment of £500 along with investments in the form of a general investment account and stocks and shares ISAs, and for a lower minimum of £100 customers can invest in a Lifetime ISA or Junior ISA for their children.

Recently, Starling launched Online Banking for its personal and joint bank account customers. The new online portal will allow Starling’s customers to manage their money from their desktop, laptop or their smartphone.

Matt Gatrell, Chief Operating Officer at Nutmeg said, “We know that helping people to have a clearer picture of their full financial circumstances is crucial, and even more front of mind at the moment. So, we’re pleased to be connecting with Starling, to give Nutmeg investors and Starling customers greater oversight of their finances in order to support them in reaching their financial goals.”