Atom Bank has launched after being granted its banking licence.
The digital-only bank has launched a savings app today, nine months after getting its banking licence. The challenger bank had originally planned to launch in 2015.
The app is available to all pre-registered customers on iPads and iPhones, with an Android version to be launched shortly.
It will launch more services this year, including mortgages, current accounts, debit and credit cards.
Atom’s founder and chairman Anthony Thomson says: “The team has achieved something that simply hasn’t been done before. We believe we have built a bank in record time, and we’re not planning to stop here.
“The app offers a completely new way to bank, using face and voice biometrics to log-in to the app, with paper-free account opening in just a few taps.”
In November the lender announced Spanish bank BBVA has acquired a 29.5 per cent stake in it for £45m. Among its other investors is Neil Woodford, one of the UK’s most successful fund managers.