In a groundbreaking move, Tangerine Bank, Canada's renowned digital banking pioneer, and Engine by Starling, a cutting-edge SaaS banking provider, have joined forces to revolutionize the financial landscape for millions of Canadians. This partnership aims to bring next-level banking services to over 2 million Tangerine clients, marking a significant shift in the industry.
But what does this mean for Canadian banking?
Engine will be the digital backbone for Tangerine's operations, offering a comprehensive digital banking platform to its vast client base. This 10-year agreement will see Tangerine upgrade its core system to Engine's cloud-native platform, enhancing the user experience and setting the stage for substantial growth.
Tangerine's clients can expect a seamless digital journey with top-tier features, including digital onboarding, checking accounts, instant savings, overdraft facilities, debit cards, and smart money management tools. These tools, accessible through a user-friendly mobile app, will provide clients with card controls and spending insights. Engine's platform also simplifies account management for Tangerine, consolidating tools and reducing operational complexities.
And here's where it gets exciting:
Tangerine is Engine's first North American client, following the company's expansion to New York and Toronto. Engine, born from the UK's Starling Bank, has already made waves in the global fintech scene, supporting banks like Salt Bank in Romania and AMP Bank GO in Australia. This partnership with Tangerine is a significant step towards demonstrating Engine's adaptability and scalability.
Terri-Lee Weeks, Tangerine's President and CEO, believes this collaboration will shape the future of banking services. She stated, "Tangerine and Engine are creating a premier banking experience with features that adapt to client needs. Engine's core system allows us to innovate rapidly, bringing new products to market faster and maintaining our client-centric approach."
Sam Everington, CEO of Engine by Starling, echoed this sentiment, saying, "Engine's technology is a proven formula for creating market-leading digital banks. Our partnership with Tangerine is a testament to our scalability and adaptability, and we're thrilled to bring our expertise to the North American market."
But what does this mean for the future of digital banking?
As Engine expands into North America, this agreement marks a significant step in its global growth strategy. Tangerine will have a dedicated Engine team in Toronto, ensuring a tailored approach to delivering innovative digital solutions. This collaboration promises to redefine digital banking in Canada, offering a glimpse into the future of the industry.
Tangerine Bank, a subsidiary of Scotiabank, has been a trailblazer in digital banking, offering straightforward services and products to over 2 million clients. Recognized by Forbes as Canada's #1 Bank in 2025, Tangerine's client-first approach has led to numerous awards, including the J.D. Power Canada Retail Banking Satisfaction Study for 14 consecutive years.
Engine by Starling, a Starling Group company, offers a modern banking platform designed to empower banks globally. The platform's modular, API-based, and cloud-native architecture has proven its scalability and reliability.
The Starling Group, headquartered in London, encompasses Starling Bank, Engine by Starling, and Fleet Mortgages, showcasing its diverse financial services portfolio.
What do you think about this partnership? Is it a game-changer for the Canadian banking scene? Share your thoughts in the comments, and let's discuss the potential impact on the industry!
