Digital Banking—Building Atom bank’s Digital Twin

Caiado, Camila C.S.; Huntley, Nathan; Twiddy, Edward

Abstract

Durham University worked in collaboration with Atom bank to develop an end-to-end banking model based on mathematical and statistical methods developed at Durham. The model provides the business with a strategic understanding of the relationships between the bank’s key components including customers and products and supports major business decisions such as financial planning, resourcing, product pricing and funding. The impacts of this on Atom bank include improved management of short term liquidity requirements, improved capital deployment and operational risk reduction. Direct savings to the bank are estimated at over £1 million annually since 2018, providing the business with both a competitive edge and an opportunity to share efficiencies with its customers.

Citation

Caiado, C. C., Huntley, N., & Twiddy, E. (2025). Digital Banking—Building Atom bank’s Digital Twin. In P. J. Aston (Ed.), More UK Success Stories in Industrial Mathematics (221-227). https://doi.org/10.1007/978-3-031-48683-8_28

• Publication Date: Jan 1, 2025
• Deposit Date: May 12, 2025
• Publicly Available Date: May 15, 2025
• Volume: 42
• Pages: 221-227
• Series Title: Mathematics in Industry
• Series ISSN: 2198-3283
• Book Title: More UK Success Stories in Industrial Mathematics
• DOI: https://doi.org/10.1007/978-3-031-48683-8_28
• Public URL: https://durham-repository.worktribe.com/output/3944918