Inclusion is a word that seems to be taking sprout in every industry profession in today’s world. But the disparity between the use of this term in media and press releases, and our reality is startingly undeniable. People of colour still continue to struggle to obtain the opportunities they are entitled to. Though there are exceptions, minorities typically do not have the same social benefits as other European citizens, including healthcare and education. There are few places where this is more obvious than in banking and financial inclusion.
The legacy systems that underpin traditional banks were not built to maximize social utility. As a result, many people remain unbanked or underbanked. From saving money to buy your first house, to building a business that thrives, financial literacy is a privilege many from our community struggle to obtain.
Atmen proudly offers NeoBank services to millions of people across Europe, the UK and other emerging markets who are underserviced by the banking world. We want to become a gateway for innovation in the future of finance and tech-driven entrepreneurship. Our goal is to build financial intelligence in the minority communities we serve by providing the tools, education and technologies our community needs.
We will provide innovative services at affordable rates so that our clients are empowered to start new businesses, save for their children’s college funds, and contribute their unique perspectives to society.
Who Is The Atmen Account For?
Along with access to a range of currencies which we will soon be launching, Atmen provides you with your very own Euro-denominated account, so whether you are a European citizen, an individual with immigration status in Europe, or a foreign business looking to operate within the Eurozone, our services will help you achieve your financial goals.
Atmen’s solutions are also designed to provide reputable services to anyone who has had trouble with traditional banking or suffered from negative experiences in the past, such as:
- Young people trying to find their feet in the world of work
- Those looking to save money and manage their finances more effectively
- People looking to take out a loan
- Individuals from communities that have been historically discriminated against
Benefits of Using Atmen For Your Banking Needs
There are a variety of benefits to choosing us as a NeoBank. Here are a few of them:
No credit score or bank account required
Since Atmen is a NeoBank, you don’t need to have an account with other financial institutions to open one with us. We’re launching some exciting saving features, which will enable our users to save money efficiently without having to produce unnecessary paperwork.
Safe online transfers and payment
Atmen makes it easy to send money through our state-of-the-art system, which allows you to transfer money quickly and securely. We are also going to be offering payment options for your business or personal needs, including e-commerce shopping. Stay tuned to find out when our e-commerce shopping solutions will be released.
This will provide a great way to pay your bills, shop, and keep your finances in order if travelling to Europe!
Our application is intuitive and easy to use, allowing you to manage your finances on the go. Simply download our mobile app to gain access to all of these services.
International Financial Solutions
We are releasing additional currencies soon, including but not limited to USD, GBP, NOK, DKK and SEK. Spend, save and transfer money in a range of currencies no matter where you are in the world.
Business Accounts Coming Soon
We are currently working on launching our business account solution. This will provide an easy way to manage your finances as a business owner, freelancer or self-employed entrepreneur, enabling people from a range of backgrounds to start, run and grow their businesses.
Our Top Financial Literacy Tips
Learning financial literacy is easier said than done. It’s an understanding that grows into a deep knowledge of financial wellbeing and wealth, and is one of the most valuable heirlooms you can provide future generations.
Well, there’s no better time to start than the present. So here are some of our top financial tips:
- The Emergency Fund
The ‘emergency fund’ is often something that is looked over but carries incredible importance. Setting some money aside for in a designated emergency fund will not only grant you peace of mind, but also takes care of the gloomy complications and stumbling blocks that pop up in life. If you are not appropriately prepared, this can be, and usually is, destructive to your financial health.
- Planning for Retirement
Another severely overlooked measure is planning for retirement. Retirement appears to many of us so far down the road that it almost seems a part of an entirely different lifetime to our current one. With the benefits of compound interest, the earlier you begin planning for retirement the more comfortable, and ultimately safer, you will be when that time finally comes around.
- Create a Monthly Budget
Creating a personal budget is always the first thing mentioned when people discuss financial literacy and health, but your budget really is the core and foundation of your financial stability. It’s important to make sure that your budget is both feasible and effective. A good budget will make sure that you continue saving and keep you out of the ocean that is debt. It will also prevent you from needing to use overdrafts and loans.
- Create a Plan to Get Out of Debt
If you are currently in debt, this is of the utmost importance. It’s essential that you begin working on a plan to pay off your debts. Your financial health will never fully recover until this is taken care of. The earlier you begin paying it off the less money you will spend in interest, the quicker your credit score begins to improve. In your monthly budget, include an amount to set aside money each month to pay off your debts.
- Starting Now
For many, beginning now can sometimes be the biggest roadblock of all. As daunting as it may seem to begin working on your financial literacy and health, the only way to learn how to gain and maintain financial stability is to just start. Baby steps are fine, as long as you’re slowly beginning to walk.
Atmen is a gateway for innovation and entrepreneurship in the UK, Europe and other emerging markets. We strive to provide everyone with access to banking solutions and education without having to produce unnecessary documentation.