Atom, a digital-only challenger bank, has received a banking license from the Bank of England, allowing it to begin operations later in 2015. The bank will offer a range of personal and business banking products and services initially via mobile apps, and will subsequently launch a desktop service. The bank has highlighted that research for the British Bankers Association shows that customers used mobile devices to access banking services 2.34 billion times in 2015, which will rise to 895 million by 2020, more than the banking interactions between internet, branch, and telephone banking put together.
Atom, a digital-only challenger bank, has received a banking license from the Bank of England, allowing it to begin operations later in 2015. The bank will offer a range of personal and business banking products and services initially via mobile apps, and will subsequently launch a desktop service. The bank has highlighted that research for the British Bankers Association shows that customers used mobile devices to access banking services 895 million times in 2015, which will rise to 2.34 billion by 2020, more than the banking interactions between internet, branch, and telephone banking put together.