April 6, 2016 @ 14:01 by Alison Cowie
Atom Bank, the UK’s first bank designed for digital and optimised for mobile, has officially launched just nine months after being granting a banking licence.
This marks the start of Atom’s journey, launching with its banking app and competitive fixed savings. The app will be made available to everyone who has pre-registered their interest through the Atom website, initially available for iPhone and iPad users with an Android version to follow shortly.
Simultaneously, Atom – which has its headquarters in Durham – will be offering secured lending to SME businesses, available through a number of specialist business intermediaries.
During 2016, Atom will be unveiling a further range of products and continuous App enhancements, with a phased roll-out of services throughout the year. By the end of 2016, customers will have access to fixed savings, current accounts, overdrafts, debit and credit cards, instant access savings and residential mortgages, all serviced via the app.
Atom’s founder and chairman Anthony Thomson said: “The team has achieved something that simply hasn’t been done before– We believe we have built a bank in record time, and we’re not planning to stop here. It is not a simple task, and having an amazing team working hard to deliver the seemingly impossible has been crucial. We are all fully committed to continuing to innovate and deliver a transparent way of banking that turns the old world on its head.”
The app offers a completely new way to bank, using face and voice biometrics to log-in to the App, with paper-free account opening in just a few taps. Backed up by a Durham- based customer support team, available all day every day, Atom Bank provides intuitive technology, competitive pricing and is dedicated to ensuring customers get what they genuinely need from their bank, delivered in an engaging and simple way.
Atom’s CEO, Mark Mullen said: “This is the start of a remarkable transformation of the banking landscape for everyone. Atom aims to offer a genuine alternative to the insidious and self- interested banks that dominate the UK banking landscape. Our approach will be to constantly evolve and extend our offering, with monthly updates to our App and a dedication to providing a better value, greater transparency and a much more innovative banking experience.