A working day just after Finnish online bank Holvi got acquired by BBVA, right here comes nonetheless much more consolidation in Europe’s fintech landscape. Right now, Atom Financial institution — a nonetheless stealth, online-only startup, coincidentally also backed by BBVA — announced its initial acquisition: Grasp, a layout and progress house based out of the north of England.
Terms of the deal are not currently being disclosed, an Atom spokesperson instructed me. Grasp had now been doing the job with Atom as an outdoors agency, creating the “shop window” for Atom, in the terms of Edward Twiddy, Atom’s Main Innovations Officer. So this is partly about bringing much more of that romance in-house to operate on further assignments. As section of the deal, the head of Grasp, Brian Jobling, will develop into Atom’s company progress director.
Grasp expenditures itself as a provider of “bespoke digital companies for the banking industry”, but as Atom details out it has worked on assignments also for motor vehicle-centric organizations F1 and NASCAR, as well as MTW and the James Bond franchise.
When we initial wrote about Atom previous year — on the situation of a $128 million funding injection led by Spanish banking huge BBVA — we mentioned that the nonetheless-stealth startup was striving to disrupt standard banking by focusing on younger end users. It’s striving to do so by creating a service that is much more in sync with how younger end users interact and get points performed right now.
In Atom’s watch, that incorporates creating cellular applications as the principal kind of communications between the bank and clients but also by incorporating gamification, three-D visualizations and other options to get clients to use its services much more.
“Our initial conversations with Brian about what gaming and the North East progress sector could present, began in the Spring of 2014 when Atom was just an idea. Now on the cusp of going reside and just after several months of testing, we are bringing some of the most effective in digital layout and progress into the heart of the household,” mentioned Twiddy in a statement. “It’s fantastic to have observed this sort of a gifted and committed staff. Their operate is our shop window and we’re genuinely enthusiastic about what has now been designed, and all the foreseeable future promises.”
Consumer experience and how that can be employed to increase Atom’s customer base are essentially the areas Grasp will be doing the job on as section of Atom.
“Atom Financial institution is 1 of the most remarkable assignments in the North East,” mentioned Jobling in a statement. “An remarkable progress setting has now been created at Atom and it’s fantastic to be section of a company with this sort of enthusiasm and drive. Atom is swiftly growing its progress staff and there isn’t a superior position for top quality developers to hone their trade.”