Anybody living in the UK will able to open a bank account with Atom Bank.
The Durham-based bank went live in the UK in April to customers who had already registered an interest in the new bank via its website.
Atom Bank, the mobile-only startup that uses face and voice biometrics plus machine learning technology to service customers, has opened its doors to all UK consumers following the conclusion of a six-month invitation-only programme.
Atom chief executive Mark Mullen says: "We are creating an entirely new way to bank; a system that is based on what the customer needs and wants, rather than being focused on bank balance sheets. We’ve been steadily growing our business to date and this is an exciting new phase where we can offer our Fixed Saver rates to anyone who wants them. We’re already working on our current account, so there’s much more to come."
Since its creation in April 2014, Atom Bank has raised in excess of £135m in capital through the support of a group of over 100 private and institutional investors. In November last year, Spanish bank BBVA ploughed £45 million into the business, becoming the largest shareholder in the digital-only startup with a 29.5% stake.
Atom currently offers two Fixed Saver accounts, along with SME lending via a panel of specialist business intermediaries. The bank's ultimate ambition is to provide customers with a full suite of fixed savings, current accounts, overdrafts, debit and credit cards, instant access savings and residential mortgages, all serviced via its mobile app.
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