Atom, the UK’s first digital-only bank, has appointed Leeds-based Callcredit Information Group to help it verify new customers.

The partnership with Callcredit Information Group will see Atom use its DecisionStrategy platform, enabling instant 24/7 decisioning to validate and verify the digital identities of new customers and “make better informed decisions based on deeper credit risk and affordability insight”.

Atom is the UK's first digital-only bank

Atom is the UK’s first digital-only bank

Based in the UK, Atom will not have any branches and customers will bank directly using smartphones on a 24/7 basis using Atom’s app.

Sue Woods, head of business development at Callcredit, said: “We’re looking forward to working with Atom, the UK’s first designed for digital bank, and pleased we’ve been able to demonstrate our unique offer in terms of identity verification, affordability calculations and credit risk data appropriate for digital lending.

“We understand the importance for Atom of being able to offer responsible financial products while also providing an instant and seamless sign-up service for its customers.”

Chris Sparks, CRO at Atom, added: “We are delighted to be working with Callcredit and recognise the advantages provided by using such a flexible and scalable solution as DecisionStrategy.”