Digital-only Atom Bank's mobile offering is to be supported by FIS’ core systems. The venture has been granted its licence by the Bank of England and plans to launch to customers later this year. Based in Durham and headed up by Anthony Thomson, co-founder and former chairman of Metro Bank, and Mark Mullen, the former chief executive of first direct, it is developing a range of personal and business banking products and services, delivered through a mobile app, with desktop to follow.

Atom director of customer experience Stewart Bromley says: “Designed entirely for the digital age, with an app the likes of which have not been seen in the UK banking market, Atom is perfectly positioned to provide outstanding service and value for personal and for business customers. As a fully fledged bank we offer complete control and protection to our customers as well as holding true to our principles and values all the way through the business. Partnering with FIS allows us to plug our products and systems into a proven back-end solution with global credentials that streamlines our efforts so we can focus on growth without worrying about underlying technology. Our model, built on its partnership with FIS, is the next step forward from thin skim FinTech apps that have been filling the void before the arrival of the truly digital banks.”

Peter Schurau, EVP, global financial solutions, FIS, comments: “Atom needed a partner with proven capabilities in delivering banking-on-demand solutions. Outsourcing its banking infrastructure to FIS allows the bank to get to market faster and better compete with traditional High Street banks, while building its business and delivering the best possible service to customers. We’re thrilled to be confirmed as Atom’s core technology partner and to be so closely involved in bringing this exciting new digital-only bank to market.”

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