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Mobile only, customer first. Sky News has learnt that Atom Bank is in talks to appoint Citi to advise its board on options for the business. Pic: Atom Bank It has told investors, who include the Spanish bank BBVA, of its plan to pursue an initial public offering in around 2022. We launched mortgages in December 2016 and we’ve taken £1.8bn in savings deposits and lent over £2.4bn to small businesses and homeowners to date. Banking giant BBVA is making waves when it comes to fintech investments this week. Users can log in using face and voice recognition and receive support from a 24/7 customer service team. Atom Bank on Wikipedia, Google News & Yahoo Finance. In 2017, Atom signed a deal with the rapper and producer Will.i.am to act as a technology consultant and spokesman for it. Sky News has learnt that the company, which was the first so-called "neobank" to be built in the UK exclusively for mobile use, plans to launch a share sale in the autumn that could raise up to £150m. Under the deal, Will.i.am had an option to acquire up to 3.55 million shares in Atom Bank at a price of £1.15-per-share during a three-year period, although it is unclear whether he has done so. Community-created profile of Atom Bank in Durham including executive profiles, news and insights, videos and contact information. atom bank: . Exploring Atomera (NASDAQ:ATOM) stock? Take a look at our library below. The appointment, which is expected to be confirmed shortly, comes nearly a year after Atom Bank raised almost £150m from investors led by BBVA, Spain's second-biggest lender. Citi, the investment bank, is advising on the fundraising. Atom bank launched its first mobile mortgage product in December 2016 and has taken over £1.7bn of deposits and lent over £2bn to small businesses and homeowners. Atom Bank offers a security system based on selfies, an app instead of branches, and design inspired by video games Lee Williams @leeroy112 Wednesday 03 February 2016 22:51 Santander snapped up Abbey National, Alliance & Leicester and parts of Bradford & Bingley prior to and during the financial crisis to forge Britain's fifth-biggest bank. Atom Bank has 4,847 competitors including JPMorgan Chase (United States (USA)), HSBC (United Kingdom (UK)) and Wells Fargo (United States (USA)). ⭐ Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more. Banco Sabadell has had a rocky time since its takeover of TSB, which was hit hard by severe IT systems issues. Need an image or bio to go with your article? Atom Bank is a mobile banking application that offers a range of personal and business banking products. If it did so, it would become the latest financial institution from the country to control a major UK consumer lender. Registered office: The Rivergreen Centre, Aykley Heads, Durham DH1 5TS. Atom Bank on LinkedIn, Twitter & YouTube. Competitors including Revolut have also raised huge sums, although signs of fragility in investor appetite for digital banks amid the coronavirus pandemic were apparent recently when Monzo sold shares at a sharply reduced valuation. ... Atom Bank. Founded in 2014, we’re based in the North East of England with a team of over 420 people. Topio Networks is the definitive source of curated information on millions of companies, people and industries." Atom is celebrating a £10m win earlier this month from the Banking Competition Remedies (BCR) fund, set up as a European union condition of the Royal Bank of Scotland’s 2008 government bailout. We’re Atom, the UK’s first bank built for mobile. Like other challenger banks, its margins have been hit by a price war in the UK mortgage market, but Atom Bank's board is said to be confident about its prospects. Atom Bank News & Media Neobanking Market Next Big Thing : Major Giants Deutsche Bank, Citigroup, Atom Bank Edison, NJ -- (SBWIRE) -- 01/08/2021 -- Neobanking Market Comprehensive Study is an expert and top to bottom investigation on the momentum condition of the worldwide Neobanking industry with an attention on the Global market. County Durham’s Atom Bank has kicked off a recruitment drive by announcing it is creating 40 jobs as the business prepares to launch new products. Launched in 2016, the company said recently that it had taken £1.8bn in customer deposits and lent £2.4bn. Uber appoints ex-Bank of England adviser as non-executive UK chair. We exist to change banking for good and to make things better for customers. Fintech Atom Bank has raised £149 million in a round co-led by existing backers Toscafund and BBVA.Toscafund invested £54.4 million in the round, while the Spanish lender spent £85.4 million to bring its stake to around 39%. ... providing live information on any products you have as well as relevant news related to Atom. Oh no, a 404 error! Ingrid Lunden @ingridlunden / … 11 That is why we support a statewide network of 375 food banks, meal programs, and high-needs schools. Welcome to the UK’s first bank built for mobile, that’s taking on the establishment. While Atom's board believes there is a significant opportunity for a service-led bank with few of the overheads associated with high street branch networks, its emergence has also highlighted some of the growth challenges confronting challenger banks. It has raised £450m from the sale of shares during the five years since it secured its banking licence, and last month completed its third securitisation of residential mortgage-backed securities. Atom Bank, the digital lender, is plotting its biggest equity fundraising to date aimed even as some of its rivals struggle to maintain their previously stellar valuations. Spain's second-biggest lender could lodge a takeover offer for the business in future. Atom Bank deal with three areas in particular; saving, buying and growing. Sources said that Atom Bank was considering raising between £50m and £150m, depending on demand, as it seeks to accelerate its expansion. Atom Bank is the UK's first app-based bank and in just five years, has helped completely transform the financial services landscape. We exist to change banking for good and to make things better for customers. The latest breaking news, comment and features from The Independent. Business News. Mullen, the former boss of First Direct bank, co-founded Atom in 2014 alongside Anthony Thomson, the cofounder of Metro Bank. The share sale will be the latest substantial fundraising by one of the UK’s new breed of digital-only banks, Sky News learns. Atom Bank is reportedly facing a possible takeover by Spain's second-biggest bank, BBVA. At the heart of the bank is our app, with an award-winning customer support team on hand to help with any queries through phone, chat, email and social media. Here you'll find our latest news, views and insights - keep tabs on what we're up to and learn how we work. Digital lender Atom Bank eyes £150m shareholder injection, Atom Bank plans to launch a share sale in the autumn, Will.i.am has been a consultant for Atom since 2017. We became a regulated bank in June 2015 and launched in April 2016 with market-leading Fixed Saver accounts and secured loans for UK smaller businesses (SMEs). Media Contacts Coastal Community Bank Joel Edwards Chief Financial Officer 425.357.3687 Neocova Meg MacDougal Caliber Corporate Advisers 888.550.6385 ext. An Atom spokeswoman declined to comment on its latest fundraising. The tie-up represented an attempt by Atom Bank to distinguish itself in a market inundated with new entrants. Atom is here to change banking, creating a disruptive and digital bank, keeping costs low and passing back the value to its customers. Atom Bank seeks to calm shareholders amid Woodford wreckage Fintech founders admit their links to Woodford have proven distracting in recent weeks, but praised his support for their businesses Mark Mullen, chief executive officer of Atom Bank Is in talks to appoint Citi to advise its board on options for the business for.. Is atom bank news talks to appoint Citi to advise its board on options for the business in future banking BBVA... Told investors, who include the Spanish Bank BBVA, of its plan pursue. 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