Starling Bank founder Anne Boden reportedly steps down from board to focus on new AI venture
Anne Boden has reportedly stepped down from her position on Starling Bank’s board, the UK-based challenger she founded in 2014, to focus on a new AI venture called AI by Boden, according to The Sunday Times.
Anne Boden reportedly steps down from Starling Bank’s board
According to Companies House filings, the platform adopted its identity on 15 May 2023, when Boden, listed as sole director, changed the company’s name from General and Services Limited to AI by Boden Limited.
While specific details of what the new venture may offer are currently unknown, Boden writes on LinkedIn that AI by Boden “
The incorporation of AI by Boden in May last year coincided with the announcement that Boden had decided to step down as CEO of Starling Bank.
She was succeed by COO John Mountain in the interim until June this year, when Raman Bhatia was hired as a permanent replacement.
At the same time, the challenger revealed that it had recorded its third year of profitability over the year ending 31 March, with a 54.7% rise in pre-tax profits to £301.1 million and a 50.6% revenue increase to £682.2 million.
Boden had been a non-executive director on the bank’s board since stepping down as CEO, but The Sunday Times reports that she quit the challenger entirely at the end of June. She does however remain a shareholder of the bank, with a minority stake thought to be less than 5%.
While it’s been suggested that AI by Boden will be her main point of focus for the foreseeable future, Boden has yet to comment on her next steps. Starling Bank was contacted by FinTech Futures for comment.
