Assetz Capital, a provider of property-secured finance specializing in commercial mortgages and development finance, has successfully structured a £9.95m facility for VOCO Leicester Hotel financed with Atom Bank. Last year, hotel management company Kew Green Hotels announced their plan “to reflag two existing properties in Leicester and… Read More
Iress and Atom bank recently revealed that they have entered a new five-year contract for Iress’s MSO software, to be offered as a cloud-powered managed service. Atom bank has reportedly been an Iress MSO client since 2016. As an original seed client, Atom bank has… Read More
Atom bank, which claims to be the UK’s first app-based bank, announced this past week that it has appointed Gareth Jones as its new Chief Risk Officer “subject to regulatory approval. He replaces Chris Sparks, who is retiring after nine years at the bank.” Gareth… Read More
Atom bank, the UK’s app-based bank, is boosting Durham University’s Women in Technology program with two new scholarships aimed “at prospective female students from low-income backgrounds.” The Women in Technology program was inspired “by globally recognized tech leader Dr Anne-Marie Imafidon MBE, and was founded… Read More
Funding Circle (LSE: FCH), the UK’s SME lending platform, and Atom bank, the UK’s first app-based bank, announce a new lending partnership that “will provide up to c.£150m of funding to small businesses.” Atom bank is a “long-standing” and returning investor in the Funding Circle… Read More
Atom bank, the UK’s first app based bank, has raised over £100m in new equity capital from long-term shareholders BBVA, Toscafund and Infinity Investment Partners. This is believed to be the largest private capital raise “by a digital bank in the UK this year, and… Read More
Atom Bank has announced a partnership with climate tech business Kamma. Atom will benefit from access to Kamma’s full climate suite, “offering an unparalleled view on both the physical and transition risks of its mortgage book.” Kamma will further “provide analytics on Atom’s financed emissions,… Read More
As part of a new collaboration, Assetz Capital will become a key introducer of commercial mortgage loan applications to Atom Bank. The expansion allows Atom bank broadened access “to new areas of the UK market through a key distribution partner with an origination team covering… Read More
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
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
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
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
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
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
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
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
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
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
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
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
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