Who’s next to lead Atom Bank?
Hey Digital Banking Fanatic!
Another digital banking founder is handing over the reins.
Mark Mullen, co-founder and CEO of Atom Bank, is stepping down after more than a decade at the UK challenger.
Mullen helped launch Atom in 2014 and has been at the centre of its journey ever since. Now CFO Andrew Marshall is taking over as interim CEO while the bank searches for its next leader.
But Mullen isn’t going far. He’ll stay with Atom through the end of the year, supporting Marshall and the wider business.
After 10+ years, it’s the end of an era at Atom. But what comes next could be even more interesting 👀
Here's what’s happening across digital banking. 👇
Catch you in tomorrow’s edition!
Cheers,
INSIGHTS
💡 Europe’s FinTech Unicorns: Digital Banks Lead the Way. Europe’s 20 FinTech unicorns are now worth $200.2B combined, with Revolut alone valued at $115B. Digital banks remain the biggest value drivers, with Revolut, Monzo, Starling, N26, and bunq among the most valuable names on the list. Germany and France lead by number of unicorns, while the UK dominates total valuation.
NEWS
🇭🇺 Klarna expands BNPL availability in Hungary, partnering with iStyle to offer interest-free installment payments. Shoppers can split purchases into three equal payments or defer payment for up to 30 days at no extra cost.
🇬🇧 Atom Bank founder Mark Mullen steps down as CEO after leading the digital bank since its launch. Mullen guided Atom through its growth as one of the UK's first app-only banks, and the board has begun a search for his successor to lead the next phase of the bank's development.
🇨🇦 TD Bank's COO Taylan Turan is leaving less than a year after joining the bank. Turan, who previously worked at HSBC, Barclays and Citigroup, joined TD in September 2025 to reduce complexity and accelerate growth.
🇵🇭 UnionDigital Bank becomes the first institution to roll out SSS LoanLite in the Philippines. The micro loan program, integrated into the UD app, targets OFWs and qualified SSS members, offering loans from ₱1,000 to ₱20,000 with repayment terms of 15 to 90 days and an 8% annual interest rate.
🇭🇰 AEON launches Agentic Checkout, enabling AI agents to shop, check out and pay across e-commerce platforms like Shopify and Amazon. Powered by the AEON AI Card, agents complete purchases over Visa and Mastercard rails without exposing user credentials.
🇸🇬 DBS rolls out Chromo and TravelLah! cards targeting Gen Z spending habits in Singapore. Chromo automatically rewards cashback on a cardholder's top two spending categories each month, while TravelLah! offers Visa exchange rates with zero foreign exchange fees on overseas spending.
🇨🇭 Dukascopy Bank unveils AI-powered trading, 25,000+ stock CFDs, and a new flagship e-banking app. The Swiss online bank is expanding its trading and digital banking capabilities with AI-driven tools and a significantly broadened CFD offering.
🇶🇦 QIB introduces a new suite of features to its mobile app in Qatar. The update expands digital banking capabilities for customers of the Islamic bank. Read more
🇦🇺 Suncorp Bank will retire its brand by June 2027, migrating 1.2 million customers to ANZ. The move follows ANZ's completed $4.9 billion acquisition of Suncorp Bank in July 2024.
🇦🇺 People First Bank launches a new digital platform built on Backbase's banking operating system. The customer-owned bank, formed from the Heritage Bank and People's Choice merger, delivered six production releases in the first nine months of the partnership.
🇶🇦 Qatar Central Bank joins the AFAQ payments system, completing participation of all GCC central banks. Three Qatari commercial banks also joined, bringing total participating banks across the Gulf to 74.
🇩🇰 Jyske Bank enters into an agreement to acquire Formuepleje, expanding its wealth management reach in Denmark. The deal would strengthen Jyske Bank's position in asset management by adding Formuepleje's investment expertise to its existing offering.
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