ATOM BANK
Rana Bhattacharya , CTO , Atom bank , guides us through the benefits of being a challenger , the response to COVID-19 and the company ’ s upcoming launch of its new banking platform
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L aunched in 2016 , Atom bank was the first UK bank built exclusively for mobile , with the intention of never having any physical branches . Its approach has won it significant plaudits , including a position in Tech Nation ’ s Future Fifty , alongside being the number one rated UK bank on consumer review site Trustpilot .
The company ’ s Chief Technology Officer , Rana Bhattacharya , is clear that part of the reason for its success is its smaller team and challenger culture . “ We get a lot done with not a lot of people ,” he says . “ There ’ s a level of bureaucracy that ’ s removed , meaning you can make decisions quickly . And by virtue of that , small teams can accomplish brilliant outcomes and create changes and deploy them to production on the same day . As a digital native you have to embrace change . Whereas in some of the traditional banks , with the governance models and the people that have been there for a long time , it ’ s much harder for change to happen .”
AUGUST 2020