Hold On!

Hold Up

Please select a minimum of three sectors in the menu above.

Got It
  • Atom is taking digital banking nuclear
  • Atom is taking digital banking nuclear
    Chris JL, Creative Commons (2010) ©
CASE STUDY

Atom: the digital bank splitting high street competition

As branches close and an increasing number of consumers use app-based finance services, high street banks are at a crossroads, with online alternatives set to further shake things up. Atom is a digital-only bank with a range of consumer and business accounts, but can it take digital banking nuclear?

Location United Kingdom

Scope
As branches close and an increasing number of consumers favour app-based finance services, high street banks find themselves at a crossroads. “Banks must adapt or die,” says David Hodgkinson, principal advisor for KPMG. “Mobile banking is clearly supplanting all other channels as the main portal between the bank and the consumer.” [1]

For high street banks, it isn’t just about evolution, with a number of new digital-only banks set to further shake things up. Having received its banking license in June 2015, Atom is one of these services – a digital-only bank offering a full range of ...

Canvas8

Related

  • Article image UK Gen Y on Money

    Are Gen Yers splurging their cash when they should be saving? Are they really saying no to home ownership? Do they actually have no use for brick-and-mortar bank branches? Canvas8 sat down with British men and women between the ages of 18 and 35 to find out where their cash really goes. 

  • Article image Which bank services will make you switch?

    With UK consumer confidence increasing, competition among banks is stronger than ever. Austerity has left consumers cautious, while 24/7 banking has given more access and control over personal finance. But what do people want, and how can banks entice them to switch?

  • Article image How tech has transformed how we spend

    In the US, 80% of consumer spending no longer involves physical dollars, while in Britain cash use has dropped 14% in the last five years. What is driving this shift towards a cashless society? And how will we spend and manage money in the future?

  • Article image iGaranti: for Millennials who can't manage their money

    In Turkey, popular bank Garanti is causing a stir with its revolutionary banking-on-the-go app iGaranti. As more services go mobile, the future of seamless, social money management seems likely to come in the form of smartphone integration and a consumer driven-approach.