UK challenger bank Atom appoints new chairman, Lee Rochford
He will replace Bridget Rosewell when she steps down in September this year.
He will replace Bridget Rosewell when she steps down in September this year.
A multi-year deal will put Atom’s personal and business banking products onto Thought Machine’s Vault tech.
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The latest funding round includes £85.4 million from Atom’s existing investor, BBVA.
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Challenger UK retail bank Atom has received its licence from the Bank of England, meaning it will now be able to go ahead with plans to launch later this year. The bank will add competition to the UK retail banking sector, which until 2010 had not seen a single new entrant for 150 years.