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UK’s Starling Strikes 10-Year Software Deal with Canada’s Tangerine, Plans 100 New Hires

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British digital lender Starling Group announced on Tuesday a 10-year agreement with Canada’s Tangerine Bank, owned by the Bank of Nova Scotia, to upgrade the bank’s core software systems using its Engine by Starling technology platform. The deal marks Engine’s largest contract to date and represents a major step in Starling’s global expansion.

Under the agreement, Tangerine will migrate its digital banking operations to Engine’s cloud-based Software-as-a-Service (SaaS) platform. The partnership follows Engine’s recent expansion into North America, with new offices in Toronto and New York, and makes Tangerine its first North American client.

As part of the expansion, Engine plans to hire more than 100 new employees, according to a company spokesperson. Engine by Starling, spun off from Starling Bank in 2022, already serves clients such as Salt Bank in Romania and AMP Bank GO in Australia.

Starling’s customer base has grown from 43,000 in 2017 to 4.6 million in 2025, driven by its innovative digital banking model. However, the bank — like other UK challengers — has faced challenges maintaining revenue growth amid fierce competition. To diversify, Starling has focused on providing its software solutions to other financial institutions worldwide.

The company’s growth has come with regulatory scrutiny. Britain’s financial watchdog fined Starling £29 million last year for weaknesses in financial crime controls, though the bank says it has since addressed the issues and strengthened its governance.

Revolut to launch India payments platform, targeting 20 million users by 2030

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Revolut, the London-based digital finance company, will launch its first payments platform in India, marking its entry into one of the world’s largest digital finance markets. The rollout will begin later this year with 350,000 waitlisted users, before expanding nationwide.

The platform will allow users to make domestic and international transactions through partnerships with Visa and India’s Unified Payments Interface (UPI). The fintech firm, valued among Europe’s largest, sees India as a central pillar of its global expansion strategy.

Revolut India CEO Paroma Chatterjee said the company will offer prepaid cards and a digital wallet, using a payments license granted by the Reserve Bank of India earlier this year. It also holds authorization to provide foreign exchange services.

The company has invested over £40 million ($53.7 million) to localize its technology and comply with India’s data sovereignty regulations — its only market with such a setup. Revolut aims to onboard 20 million customers by 2030, targeting the country’s rapidly growing “aspirational youth” demographic.

The India launch follows Revolut’s push into banking and credit card services in other major markets, including the U.S. and Europe, as it seeks to become a global payments leader.

RealSense Spins Out of Intel, Raises $50 Million to Boost AI Vision in Robotics

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RealSense, a computer vision technology company, announced on Friday its official spinout from Intel Corp and the successful raising of $50 million in early-stage funding. This capital injection aims to accelerate RealSense’s growth in the fast-expanding robotics market. The firm specializes in developing 3D cameras that allow machines to perceive depth, interpret surroundings, and interact intelligently with their environment.

Backed by Intel Capital, the MediaTek Innovation Fund, and other strategic investors, RealSense plans to use the funds to increase manufacturing capacity and expand its global sales and marketing efforts. CEO Nadav Orbach highlighted that a portion of the funding will also support R&D for AI software and the next generation of depth cameras, though the company did not disclose the valuation of the funding round.

Orbach noted that while some of RealSense’s customers are vertically integrated companies, the firm currently serves over 3,000 active customers worldwide, reflecting strong ecosystem growth. Their latest product, the D555 camera, supports data and power transmission through a single cable and includes embedded AI features that enhance real-time environmental awareness for robots and security systems.

RealSense’s depth cameras are integrated into 60% of the world’s autonomous mobile robots and humanoids, counting clients like China’s Unitree Robotics and Switzerland’s ANYbotics. Beyond robotics, the company is expanding into security systems utilizing facial recognition technologies supported by its proprietary software for environment mapping and identification.

While manufacturing primarily occurs in Thailand and other parts of Asia, RealSense maintains its headquarters and business operations in the United States. Orbach mentioned that while IPO or acquisition possibilities remain open, the company’s current focus is on sustained, long-term growth.