UK fintech Starling withdraws European bank license application


Starling CEO Anne Boden.

Harry Murphy | Sportsfile for Web Summit via Getty Images

LONDON — British digital bank Starling is ending its bid to obtain a European banking license, dealing a significant setback to the company’s international expansion ambitions.

The firm told staff Monday that it had withdrawn its application for a bank license from the Irish central bank, four years after initiating the process. Starling’s application had faced problems in the past, with the digital lender temporarily pausing talks with regulators in 2020 due to the Covid-19 pandemic.

Starling will instead focus on selling its software-as-a-service product, aimed

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Italy’s biggest bank uses Optane DIMMs and in-memory software to speed apps


Intesa Sanpaolo, Italy’s largest bank, is using Optane hardware with MemVerge and Hazelcast system software to enlarge the effective memory pool for its servers and make applications run faster.

Intesa is an international business, with a net annual income of €4.2 billion ($4.5 billion) in 2021, over 5,000 branches, and 40 million customers in approximately 40 countries worldwide. It had a market capitalization over €37 billion (c$40 billion) as of November 2020.

According to a recent case study, the bank initially came across MemVerge’s Big Memory software which combines Optane PMEM storage-class memory with standard DRAM and presents a larger

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