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About Atomic
Atomic is a leading financial connectivity platform trusted by over 195 financial institutions and fintech firms , including 13 of the industry ’ s largest digital-first neobanks and 3 of the top 10 financial institutions .
Atomic serves as the essential bridge between consumer data and financial solutions by allowing access to payroll , HRIS systems and merchants – facilitating a range of financial services including direct deposit switching , income and employment verification and payment method updating .
With over $ 70 million in backing from investors like Mercato Partners , Core Innovation Capital , Portage , ATX Venture Partners and Greylock , Atomic is well-positioned to accelerate its vision of financial services that benefit both consumers and institutions .
mobile banking platforms . We ’ re focused on providing financial institutions with a toolkit to modernize their operations and exceed customer expectations .”
“ We understand how important it is for banks and credit unions to provide more flexibility to their customers and members when it comes to managing their finances . It also aids in customer retention as it makes for a more seamless user experience ,” said Mayank Somaiya , Director , Global Head of Fintechas-a-Service , Backbase .
“ By integrating Atomic into our FaaS offering , financial institutions are in a better position to upgrade their banking applications with high-demand features – like offering account holders a convenient and secure way to switch deposits .”
In addition to offering a fully integrated solution that allows account holders to set up and switch direct deposits quickly and conveniently , financial institutions can also leverage Atomic to authenticate user income and employment details for loan evaluations – helping financial institutions to grow and strengthen direct deposits , account acquisition and primary customer relationships .
Atomic ’ s solutions use patent pending TrueAuth connectivity technology to securely update direct deposits and verify income and employment . With TrueAuth , users authenticate directly on their own devices , eliminating the need to share passwords with
WE UNDERSTAND HOW
IMPORTANT IT IS FOR BANKS AND CREDIT UNIONS TO PROVIDE MORE FLEXIBILITY TO
THEIR CUSTOMERS AND MEMBERS WHEN IT
COMES TO MANAGING THEIR FINANCES .
“ Combining Atomic ’ s leading direct deposit switch technology with Backbase ’ s cutting-edge Engagement Banking Platform is a win-win ,” said Jordan Wright , Co-Founder and CEO , Atomic .
Atomic . This approach empowers users by giving them control over their own data and reinforces trust and commitment to privacy .
“ These financial institutions can also expand their lending operations by leveraging digital income and employment verification directly within their online and
For a smooth user experience , TrueAuth integrates natively with password managers and biometrics – driving higher conversion rates . p
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