UK challenger bank Atom nets £30m

UK challenger bank Atom nets £30m

UK challenger bank Atom bank has held off its floatation after raising £30m in equity from BBVA, Toscafund and Infinity Investment Partners.

Welcome to Atom bank

Welcome to the UK’s #1 rated bank on Trustpilot, that’s taking on the establishment. Mobile only, customer first, here to make things better for you.

Building Atom Bank’s digital twin

Durham University worked in collaboration with Atom Bank to develop an end-to-end banking model based on mathematical and statistical methods which resulted in the creation of the Atom Bank digital twin.

UK Challenger Banks: The Three C’s – Core, Culture, & Challenges

Read more here: https://fsclub.zyen.com/events/webinars/uk-challenger-banks-the-three-cs-core-culture–challenges/

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The proliferation of challenger banks and banking services providers (i.e. fintechs that do not own their own banking licence) is given us mixed feelings: on the one hand, the excitement about innovation, change & better choice for customers, and on the other a healthy dose of scepticism – do we actually need that many offerings, and are they as revolutionary as they claim to be?

Sharon Kimathi and Tanya Andreasyan, editors of global fintech publishing platform FinTech Futures, delve into the good, the bad and the ugly of the UK challenger banks world, focusing on the three C’s: core, culture and challenges.


There is no one universal approach for start-up banks picking their “engines” – some have gone for in-house built tech, some have turned to long-standing legacy tech, and some opted for younger third-party solutions. And then there are curious cases of a mix of a bit of everything… We put a spotlight on who’s using what and why.


Fintech often comes with a promise of transparency and social responsibility. Is this really so? We look at the sector’s culture, diversity and inclusion efforts… as well as examples of hitting the headlines for all the wrong reasons.


Challenger banks are not exempt from challenges (excuse the pun!) – both common to the industry and specific to the newcomers. The lack of profitability (and an unclear path towards it), growing pains, technology fails, carving their own niche and more – nothing escapes our watchful eye!


Tanya Andreasyan is Managing Director and Editor-in-Chief of FinTech Futures. She joined the company in early 2016, overseeing the its digital and print publishing operations and strategy.

Prior to that, she was at IBS Intelligence (a UK-based fintech publishing house and analyst/consultancy firm) for nearly a decade in a variety of roles, including research & consulting, writing for and editing in-house publications.

Tanya has extensive understanding and knowledge of the banking and financial services technology industry and its participants, including vendors, financial institutions, consultants and other third parties, on global, regional and domestic levels. She focuses on banking tech, fintech and paytech sectors.

She is a regular speaker at industry events, and has appeared as a guest expert on radio and TV, including BBC.

Sharon Kits Kimathi is the Editor of Fintech Futures and Banking Technology magazine since May 2019, having been Deputy Editor at the International Financial Law Review (IFLR) and a capital markets Reporter at Global Capital and mtn-i.

She has worked as a Paralegal for Freshfields Bruckhaus Deringer; as a Legal Compliance Associate for Goldman Sachs; and Paralegal at Reed Smith LLP. She enjoys writing about compliance and diversity issues affecting the financial industry.

Her work on crypto and digital currencies has been published in the Oxford Political Review and Compliance Elliance Journal.

Why the UK Challenger Tank is So Hot Right Now

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Of course it wouldn’t be a British tank without the ability to brew tea, and the Challenger II comes with not one, but two boiling vessels, or kettles. While the strategic logic for these is that it allows the crew to boil any water for consumption they find if they are unable to be resupplied with traditional logistics, we all know it’s so they don’t run the risk of not being able to have their afternoon cup of Earl Grey. The Challenger II first saw operational use at the turn of the millenia in 2000 where it was deployed for peacekeeping missions in Bosnia and Kosovo. Nothing says peace quite like a 120mm explosive tank round fired at 2200 feet per second.

Written by: Chris Cappy and Justin Taylor
Edited by: Savvy Studios

It’s first combat experience wasn’t until a few years later in 2003 during the invasion of Iraq, where 120 of the vehicles under the 7th Armoured Brigade saw action around the port city of Basra, where it destroyed a number of Iraqi T54 and 55 tanks. It was here that it earned its reputation for being an unstoppable behemoth. During urban operations, aka, the worst place for a tank to have to perform, one challenger II came under fire by RPG-7s. The first hit damaged the driver’s sights, as the commander ordered for the tank to back out of the area, it became stuck in a ditch after throwing track, meaning the tracked portion became unattached from the actual road wheels, effectively immobilizing it. While stuck, it would be hit by another fourteen RPGs, and a MILAN ATGM. The crew were able to hold their position in the tank completely uninjured, and it was later towed away for repairs, and most impressively, was back in operation just six hours later. Another Challenger II tank in the same battle would be struck by a reported 70 RPG rounds, and was still able to continue fighting, albeit the crew probably had a headache by the end of it.

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