May 23, 2016
Here’s a list of mobile-only banks that are defining the industry today:
Atom Bank: Atom is a startup bank. It has been authorized with restrictions by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA. As a mobile-only challenger bank, Atom brings biometric banking to the UK, using biometrics instead of passwords in their innovative mobile app. Atom Bank was listed at number eight in KPMG’s Global FinTech Innovators 100. Spanish bank BBVA owns almost 30% of Atom’s stakes. Based in the City of Durham, Atom is working with its partners to bring pioneering technology to Europe for the first time. Atom is building the UK’s first bank designed specifically for the digital realm, offering easy and convenient banking along with unique and engaging ways to manage money.
Founded: 2014 Founder: Anthony Thomson Funding: $167.16M in 2 rounds from 4 investorsProducts/services: Mobile banking app, savings account
Monese: Monese is a digital banking service that let users open a UK banking account on their mobile in minutes regar ...