Tagged: atom bank

May 25, 2023 @ 11:17 pm By Omar Faridi  |  

Atom bank has announced it will appoint Lee Rochford as its new Chairman, subject to full regulatory approval. He will replace Bridget Rosewell when she “steps down in September, having held the role for five years and overseen a critical period of Atom’s growth.” Lee… Read More

April 25, 2023 @ 8:46 am By Omar Faridi  |  

Investment bank Schroders recently revealed that it has slashed the valuation of its shareholding in digital bank Revolut by nearly half after the Fintech company had been criticized for trying to downplay potentially serious red flags from auditors BDO regarding its revenue statement. As noted… Read More

November 26, 2022 @ 11:27 am By Omar Faridi  |  

Atom Bank, which claims to be the United Kingdom’s “first” app-based bank, has reportedly agreed to terms with BBVA, Toscafund and Infinity Investment Partners in order to add a further £30 million in equity to its balance sheet. It follows the £75 million that Atom… Read More

November 16, 2022 @ 8:18 am By Omar Faridi  |  

Atom bank and Phoebus Software Limited (PSL) have reportedly signed a new 3-year contract. The digital bank which streamlined the mortgage market by introducing the use of mobile apps in order to support its lending processes, has been a Phoebus user since Atom Bank’s official… Read More

October 22, 2022 @ 2:49 pm By Omar Faridi  |  

UK-based challenger bank Atom has appointed Andrew Marshall as the company’s chief financial officer. He will be replacing Atom co-founder David McCarthy whose departure was first reported  in September of this year. Marshall has reportedly worked at Atom for the past six years, holding several… Read More

August 29, 2022 @ 8:58 am By Omar Faridi  |  

UK’s Atom Bank reveals that the 6-month trial of a 4-day work week was really positive for workers and that customer service ratings have not been negatively impacted. App-based Fintech Atom bank said that its four-day working week trial was a success due to several… Read More

August 10, 2022 @ 8:27 am By Omar Faridi  |  

The team at UK’s Atom Bank reveals that they’ve become a Registered Firm with the Lending Standards Board, a body “dedicated to upholding fair practices in the lending industry.” Head of Business Lending at Atom Bank, Tom Renwick, has provided more details and “explains what… Read More

July 19, 2022 @ 11:15 am By Omar Faridi  |  

After its first monthly operating profit in Q1 FY22, Atom Bank has “delivered three further consecutive quarters of operating profit.” Underlying operating loss “narrowed to £2m – a £34m improvement over the previous year.” Income grew “by over 200%, with costs increasing by just 6%,… Read More

May 21, 2022 @ 2:47 am By Omar Faridi  |  

UK’s Atom Bank has reportedly appointed Andy Sturrock as the banking platform’s new Chief Technologist. Andy joins Atom from BP plc, where he ran the firm’s Digital Consumer Channels and Offers teams, including the BPMe app and loyalty schemes. During his time working at BP,… Read More

May 4, 2022 @ 8:25 am By Omar Faridi  |  

Atom Bank is reportedly expanding Portal, which is their next-gen broker gateway- in order to include their Quick Quote tool. As noted in the update, this addition will enable brokers providing secured business loans to self-assess and create an indicative quote within the portal before… Read More

March 8, 2022 @ 11:18 pm By Omar Faridi  |  

Business Finance Market (BFM), a Fintech established by the businessman behind two UK-based banking challengers Craig Iley recently acquired £1.3 million in capital via a seed round. BFM, which maintains offices in Newton Aycliffe in County Durham, is planning to enhance the process bringing lenders… Read More

March 7, 2022 @ 9:37 pm By JD Alois  |  

Atom Bank, a digital bank minus any physical branches, is planning to pursue an initial public offering (IPO) in 2023, according to the company. Atom recently completed a £75 million funding round valued at £435 million. The funding was led by BBVA who acquired a… Read More

August 29, 2021 @ 11:23 pm By Omar Faridi  |  

Atom Bank, the North East Fintech firm, has reported “strong progress” during its most recent annual report, “narrowing its losses and generating a monthly net interest margin (NIM) of 114bps by March 2021 (up from 10bps in March of 2020).” According to the update from… Read More

July 26, 2021 @ 8:10 am By Omar Faridi  |  

Earlier this month, the team at Atom Bank reported reaching a key milestone: £3 billion in residential mortgage lending. Hitting this number “represents an important step for our bank, and gives us a real sense of progress as we continue helping more to buy, move,… Read More

July 7, 2021 @ 7:53 am By Omar Faridi  |  

UK-based Atom Bank, which claims to be the very first app-based bank, reports that it has surpassed £3 billion in residential mortgage completions. The Fintech has also reached £1 billion in total deposits into its Instant Saver accounts. Since launching operations in November 2016, Atom… Read More

May 28, 2021 @ 5:12 pm By Samantha Hurst  |  

  Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the U.S. and parts of Europe, announced on Friday it has teamed up with Atom Bank to provide £300 million of new funding to small businesses. Through the collaboration, Atom will use… Read More

April 9, 2021 @ 7:46 am By Omar Faridi  |  

UK-based mobile banking platform Atom Bank has revealed that its £40 million raise is being led by Toscafund Asset Management LLP and BBVA. As the bank aims to reach profitability, the £40 million raise includes “an offer to participate for qualifying shareholders in new ‘A’… Read More

February 25, 2021 @ 9:30 pm By Samantha Hurst  |  

Atom Bank, a UK-based mobile bank, announced on Thursday is to set to raise £40 million from existing shareholders as it moves to profitability from its mortgage and business lending within a year and to IPO the year after. As previously reported, Atom Bank claims… Read More

June 18, 2020 @ 10:26 am By JD Alois  |  

Thought Machine and Regtech TruNarrative have partnered to bring identity verification, risk monitoring, and cloud-native core banking to digital bank Atom bank, according to a post by the company. The partnership is described as enabling Atom to use the TruNarrative platform to conduct a suite… Read More

May 6, 2020 @ 7:31 am By JD Alois  |  

The British Business Bank has announced nine new lenders for accredited under the Coronavirus Business Interruption Loan Scheme (CBILS), bringing the total number of CBILS lenders to over 60, according to a release. The new lenders include: Assetz Capital, Atom bank, Ebury, Fleximize, Investec, Social… Read More