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.
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."
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."