Atom Bank has launched today with a banking app and fixed term savings.

The app will be made available to everyone who has pre-registered their interest through the Atom website, initially available for iPhone and iPad users with an Android version to follow shortly.

Meanwhile, Atom will be offering secured lending to SME businesses, available through a number of specialist business intermediaries.

During the rest of the year, Atom will be unveiling a further range of products and app improvements, with a phased roll-out of services throughout the year. By the end of 2016, customers will have access to fixed term savings, current accounts, overdrafts, debit and credit cards, instant access savings and residential mortgages, all serviced via the app.

Anthony Thomson, Atom’s founder and chairman, said: “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. It is not a simple task, and having an amazing team working hard to deliver the seemingly impossible has been crucial.

“We are all fully committed to continuing to innovate and deliver a transparent way of banking that turns the old world on its head.”

The app uses face and voice biometrics to log in to the app, with paper-free account opening available.

Mark Mullen, Atom’s CEO, said: “This is the start of a remarkable transformation of the banking landscape for everyone. Atom aims to offer a genuine alternative to the insidious and self-interested banks that dominate the UK banking landscape.

“Our approach will be to constantly evolve and extend our offering, with monthly updates to our app and a dedication to providing better value, greater transparency and a much more innovative banking experience.”