Digital disruptor Atom bank partners with Thought Machine

Atom bank, the UK’s first bank built for mobile and the country’s fastest growing mortgage lender, has agreed a multi-year partnership with leading fintech Thought Machine to put its next generation of personal and business banking products onto Thought Machine’s Vault platform.

Announcing the news, Edward Twiddy, Atom’s Chief Innovation Officer, said: “We are absolutely delighted to be combining the customer focus and experience of Atom with the engineering skills and ambition of Thought Machine.

“The coherence and elegance of Thought Machine’s Vault platform offers Atom a radically innovative and agile alternative to traditional banking technologies. Vault’s unique features such as its smart contract system for products, and workflow engine for bank processes, enables Atom to develop a bank which transmits its vision and values through the business and into the hands of our customers.”

“This will be a spectacular change in the way we shape our bank and serve customers. The partnership confirms Atom’s determination to remain at the cutting edge of implementing technologies that create better customer experiences and outcomes. Just as we did when we brought biometrics to UK banking we will continue to innovate for a purpose.”

Paul Taylor, CEO of Thought Machine, said: “Thought Machine is built for banks and brands that want to take customer expectations to a new level. Being genuinely cloud native – rather than simply put into the cloud – our Vault platform offers agility, scalability and resilience alongside the very highest levels of security. We’ve been working with the Atom bank team now for a couple of years and it’s a real pleasure to announce this partnership.”