Atom Bank
 | |
| Company type | Public limited company |
|---|---|
| Industrie | Personal Finance, Banking |
| Gegründet | 2014 in Durham, United Kingdom |
| Gründer | Anthony Thomson, Mark Mullen |
| Website | atombank |
Atom Bank is a retail bank in the United Kingdom. It is the country's first bank built for smartphone or tablet, without any branches,[1] and the first digital-only challenger bank to be granted a full UK regulatory licence.[2] It is based in Durham, North East England.[3]
Atom Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA.
History
Atom Bank was founded in April 2014[3] by Anthony Thomson, co-founder of Metro Bank[4] and Mark Mullen, previous CEO at First Direct.[5]
In June 2015, Atom was granted a banking licence[6] and before launch in November 2015, Spanish bank BBVA agreed to invest a substantial stake in Atom.[7] The company launched to the public in April 2016, after its regulatory authorisation restrictions were lifted, initially to those who had expressed an interest previously and had been given a registration code.[8] It launched more widely in October 2016 and today it offers mortgages and savings accounts, along with secured loans for small businesses.[9]
In 2017, Atom Bank was named by LinkedIn as one of UK's top 25 startups and ranked 14th alongside companies such as Deliveroo, Uber and Airbnb,[10] and in 2019, Atom ranked second in business analyst Beauhurst's list of 50 top fintech UK startups and scale-ups. It was the only company from outside London in the top 20 of the list.[11]
Mobile app
Atom Bank has apps for iOS and Android phones,[9] offering biometric security, with customers able to log-in via face ID or voice ID.[4]
References
- ^ Murray, Amelia (23 March 2017). "5,000 join Atom Bank in just one day" – via www.telegraph.co.uk.
- ^ "All hail the current account revolution". The Independent. 26 April 2017.
- ^ a b Carey, Scott. "We've ranked the UK's digital challenger banks". Techworld.
- ^ a b Lunn, Emma (24 June 2017). "Is your money safe with an 'app-only' bank?" – via www.telegraph.co.uk.
- ^ "First Direct chief Mark Mullen splits to lead new digital bank Atom". Evening Standard. 9 April 2014.
- ^ Williams-Grut, Oscar. "Britain just gave the green light to a bank with no branches and no website — just an app". Business Insider.
- ^ "Subscribe to read | Financial Times". www.ft.com.
{{cite web}}: Cite uses generic title (help) - ^ "Digital doors officially open at Atom Bank". CityAM. 6 October 2016.
- ^ a b https://techcrunch.com/2017/03/03/atom-bank-102-million
- ^ Whitfield, Graeme (1 November 2017). "Durham's Atom Bank named by LinkedIn as one of UK's top 25 start-ups". nechronicle.
- ^ "50 Top Fintech Startups and Scaleups in the UK". Beauhurst. 12 December 2019.
