Atom Bank will be the UK’s first bank without its own branch, just an app

The UK is about to get its first bank which doesn't have its own branch, but runs entirely from an app. Atom Bank is that app.
At the moment the cutting edge banking service has simply been granted the right to operate in the UK. The app should launch later this year.
The plan is to offer the best technology can manage and to set a new standard for tech in banking. The app will use biometric security, 3D visualisations and even gaming technology.
The only real world interaction customers can have with Atom Bank will be through a third-party. The app bank is going to partner with a high street bank so that branches will be available for paying in cash and cheques. Who that is remains to be seen.
Atom Bank will have a website but it won't work for banking, rather as an entry point to the experience. Customers will be able to download an app onto their desktop for banking from a computer.
The company rasied £25 million last year and will be run by CEO Mark Mullen who previously ran HSBC's telephone banking branch First Direct.
Little else has been revealed about how the app works or what it offers. Mullen says he doesn't want to give away what is planned for the competition to copy.
Expect to hear more soon as the Atom Bank app comes to market.
- What is Amazon Music Unlimited and how does it work?
- Best VPN Services 2018 - Top 10 VPNs to keep your browsing secure
- You can now play Star Wars Holochess with Apple ARKit anywhere for free
- Amazon reveals number of Prime subscribers for the first time
- Amazon made a web browser app for Android called... Internet
- Apple might launch a subscription news service within the next year
- Best Web Hosting Services 2018: 10 of the best cloud, VPS and web hosting providers
- This is what Spotify will announce at its 24 April event
- Apple Watch might soon have access to third-party watch faces
- What is Bitcoin? Everything you need to know about the infamous cryptocurrency
Comments