£110million and counting with App-based bank Atom

20 December 2016

Over £110million in deposits already in deposits already

Tech NO-phobia with Atom customers aged between 18 and 90


In April 2016, Atom bank, the UK’s first bank built exclusively for mobile, became the first of the new breed of challenger banks to open its virtual doors with an invitation only roll-out to pre-registered customers. In October they fully opened to the whole of the UK and welcomed customers to their new and innovative banking platform.

In this short period of time, Atom’s customer-focussed business has resonated with consumers across the country, with deposits exceeding £110 million across its market leading Fixed Saver accounts.

Atom launched two Fixed Saver accounts this year, in addition to SME business lending and most recently, residential mortgages offered through a panel of specialist intermediaries.

2016 Highlights

  • Launched the bank
    • Launched on both IOS and Android platforms
    • Pioneered biometric technology in the UK
    • Launched two market-leading Fixed Saver accounts
    • Introduced Secured Business Lending to SMEs
    • Received over £100million in lending applications
    • Launched Digital Mortgages by Atom - residential mortgages through intermediaries
    • Became the only UK bank to be included in the 2016 Global KPMG Fintech 100 Top 10

Atom’s Chief Executive Officer, Mark Mullen, comments

“Atom are proud to lead the creation of a new way of banking, one that’s starting to fix the legacy problems that have so damaged the reputation of the banking industry. We see a real desire for people to have a bank that just works, one that isn’t painful and one that offers simple and speedy value for money.

Banking on a mobile App isn’t just for millennials: the average age of our savers is over 50, so it’s clear to us that people of all ages are prepared to embrace new ways of banking and new banks. There’s a lot more to come from Atom. In 2017 we look forward to welcoming more new customers, with a wider range of savings and mortgage products and a new current account all in the works.”


About Atom banking

Atom is a start-up bank, authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA.

Founded in 2014 and based in the City of Durham, Atom has a growing team of 250 people drawn from across the country, working with partners to bring pioneering technology to Europe for the first time. Atom is building the UK’s first bank designed specifically for digital, offering easy and convenient banking, along with unique and engaging ways to manage money. Atom has been recognised in KPMG’s 2016 Fintech 100, being in the Top 10 companies using technology to drive disruption globally within the financial services industry.

The Atom executive team are highly experienced, having built and run some of the most well respected banks in the UK. CEO Mark Mullen has 25 years experience in the sector and was previously CEO at the multi- award winning telephone and internet bank first direct. The team are supported by a strong non-exec board, which includes founder and Chairman Anthony Thomson, also the founder and former Chairman at Metro Bank. He is Chairman of the Financial Services Forum, the UK’s leading membership organisation for senior FS industry executives and Chairman of the National Skills Academy for Financial Services, a national charity.