Starling Bank to cut 130 jobs and boost investment in AI to reduce costs

The London-based fintech says restructuring is necessary to reduce duplicate' roles

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Starling Bank has said it will cut more than 100 jobs as it invests more heavily in artificial intelligence to push down costs.

The digital-only bank told staff that 3% of its workforce, or 130 jobs, would be made redundant, as part of a restructuring of its banking and tech operations.