£110million and counting with app-only bank Atom

Atom was the only UK bank to be included in the 2016 Global KPMG Fintech 100 Top 10.

Atom Bank, the UK’s first bank built exclusively for mobile, has already notched up £110m in deposits to its Fixed Saver accounts.

In April this year it 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.

Mark Mullen, Atom Bank chief executive, said: “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.”

Atom Bank has already introduced secured business lending to SMEs and has received over £100m in lending applications. It also launched Digital Mortgages by Atom – residential mortgages through intermediaries and was the only UK bank to be included in the 2016 Global KPMG Fintech 100 Top 10.