Fancy opening a new bank account with just a few taps on your phone – with no paperwork? Then the UK's newest bank may be for you.

Atom, the country's first mobile-only bank, made its app available to iPhone and iPad users today, and will launch an Android version soon.

The first product to launch is a fixed term savings account and Atom is also offering secured loans to small and medium-sized businesses, available through specialist business intermediaries.

This is the start of a remarkable transformation of the banking landscape for everyone

Mark Mullen, CEO, Atom Bank
An atom of type quote lives here

In June 2015, Atom became the first mobile-only bank to be granted a UK banking licence by the Bank of England.

That restricted licence has now been made a full unrestricted licence, allowing it to offer personal and business banking services.

Since its creation in April 2014, it has raised more than £135m in investment and its CEO Mark Mullen has previously said it could be as disruptive in its sector as Uber has been. 

Atom said it plans to launch further products throughout 2016 and by the end of the year 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. 

Atom’s founder and chairman Anthony Thomson 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.

Atom founder & chairman Anthony Thomson and CEO Mark Mullen are hoping to change the UK's banking sector. Image courtesy of Atom Bank

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

Backed up by a customer support team in Durham, who will be available all day every day, Atom’s creators say it will focus on giving customers what they want.

It will allow customers to open an account without any paperwork in just a few taps, and security measures will include face and voice recognition.

CEO Mark Mullen 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.”

Atom previously announced that it will give its customers a range of login options including biometric technology. It said face and voice recognition will be “key ways” in which customers will be able to identify themselves and make transactions.

Atom has also previously announced that each customer will get their own personalised version of the company’s logo as proof of its “customer-obsessed” approach.