UK’s Atom bank has chosen Provenir’s AI Decisioning Platform to enhance credit risk decisioning and data orchestration.

Provenir’s technology will support various consumer and business banking products services of the bank.

These services include consumer savings, residential mortgage, buy-to-let mortgage, and business lending.

Atom bank chief commercial officer Chris Storey said: “Atom bank provides simple, well-designed mortgages and savings products that deliver ease, speed and value right to your device.

“As our customer base and operations continue to grow, our adoption of Provenir’s AI Decisioning Platform will reduce the complexities of managing multiple risk decisioning platforms while supporting our commitment to exceptional customer experience.

“Provenir demonstrated a deep understanding of what we were looking for in a modern, all-in-one decisioning and data solution that could scale to meet our growth plans.”

Launched in April 2016, Atom bank is the UK’s first app-based bank.

Provenir said that its platform will play a crucial role in Atom bank’s decisioning processes, including credit, fraud, and identity management.

The platform combines decisioning, data, and decision intelligence.

Provenir Europe Sales vice-president Mark Collingwood said: “We’re proud to partner with Atom bank, which has quickly become one of the most innovative and successful challenger banks in the UK.

“Our AI-Decisioning Platform will help Atom bank achieve its business objectives and customer experience aspirations to support its goal of being ‘the most customer-centric bank on the planet.’”