Finance & Economics

Popular challenger bank partnered with fintech firm

Mobile-only Atom bank partners with Thought Machine

Atom

Popular challenger bank partnered with fintech firm. Source: shutterstock.com

Atom bank, the UK’s first bank built for mobile and the country’s fastest growing mortgage lender, has agreed a multi-year partnership with leading fintech Thought Machine to put its next generation of personal and business banking products onto Thought Machine’s Vault platform.

The coherence and elegance of Thought Machine’s Vault platform offers Atom a radically innovative and agile alternative to traditional banking technologies. Vault’s unique features such as its smart contract system for products, and workflow engine for bank processes, enables Atom to develop a bank which transmits its vision and values through the business and into the hands of our customers
Edward Twiddy, Atom’s Chief Innovation Officer

Atom is authorized by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA.

SEE ALSO: European mobile-only bank plans to launch business current account

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