Member Article

Atom Bank brings Muckle on board to assist legal matters

Durham-headquartered digital bank Atom has appointed Newcastle law firm, and fellow North East business, Muckle LLP to its panel of legal advisers.

The bank, which is the only UK company to make the top 10 in the Fintech 100 rankings, operates via a mobile app for its retail customers using biometric security such as face and voice recognition.

Since being appointed to Atom’s commercial secured lending panel, Muckle has helped the bank service a number of its customers, overseeing commercial transactions including refinancing transactions and business loans enabling borrowers to acquire new commercial property.

Louise Duffy, Partner in Muckle’s banking team, said: “We are thrilled to be working with Atom Bank and supporting them at a time when they continue to flourish within the banking sector.

“We have secured a steady flow of work since being appointed to the panel in August which has allowed us to work with people right across the business. The range of legal projects has been varied and required our team to respond quickly and effectively.

“Our diligent and responsive approach aligns with Atom’s need for transactions to be completed within tight timeframes to the highest possible standard.

“We have already built up a strong working relationship where communication is key and we look forward to developing this in the future.”

In addition to the commercial secured lending panel, Muckle has also advised Atom Bank on its standard documentation including loan agreements and security documents.

Laura Farnworth, Head of Legal from Atom Bank, said: “We have been very impressed with the professionalism and efficiency shown by Muckle since we began working with them.

“Atom Bank is currently at the forefront of the biometric banking movement and we have ambitious plans for the coming years.

“As an internationally recognised company born out of the North East, we’re pleased to work with another well-respected regional firm such as Muckle on our legal matters.”