Britain’s first digital-only bank Atom has selected FIS, a provider of banking and payments technology, to provide banking-on-demand solutions to serve its customers on the move.

Atom customers will conduct their banking through an app that is supported by FIS’ core systems.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Under the deal, FIS will provide and manage a fully integrated banking and payments platform for Atom from their data centres in the UK.

FIS, which already supporting eight of the world’s 10 largest banks across the globe, will offer the service to Atom through a totally outsourced delivery model.

Atom director of customer experience Stewart Bromley said: "Partnering with FIS allows us to plug our products and systems into a proven back-end solution with global credentials that streamlines our efforts so we can focus on growth without worrying about underlying technology.

"Atom Bank’s model, built on its partnership with FIS, is the next step forward from thin skim fintech apps that have been filling the void before the arrival of the truly digital banks."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Peter Schurau, EVP, Global Financial Solutions, FIS, noted how pleased FIS is to bring such innovation to the UK market: "Outsourcing its banking infrastructure to FIS allows the bank to get to market faster and better compete with traditional high street banks, while building its business and delivering the best possible service to customers.

"We’re thrilled to be confirmed as Atom’s core technology partner and to be so closely involved in bringing this exciting new digital-only bank to market."