Aion Bank

Last week, some of the biggest fintech news was that Italy's UniCredit has agreed to acquire European Banking-as-a-Service platform Vodeno and Belgian digital bank Aion Bank for around €370m. CEO Andrea Orcel said, "This investment enables us to leverage Vodeno's technology and talent to innovate and develop for our broader group, entering new markets across Europe." Vodeno supports NatWest's embedded banking platform, Boxed, following a £120 million investment in 2022. We've watched with tremendous interest over the past few years as the Vodeno story has played out, and we have been extremely fortunate to have some of the rock stars on the podcast. Tune in and listen; there is plenty to learn! Peter Deming, Warburg Pincus LLC's MD for London and European Head of FS and Tom Bentley: => https://lnkd.in/e5bq_4Fn Sass Wojciech, Co-founder of Vodeno and Michael Zyber, CEO of METRO AG Financial Services: => https://lnkd.in/egrNEtzF Andrew Ellis, CEO of Boxed and Noah Sharp, CEO of Vodeno: => https://lnkd.in/egDYq6M5 Tanya Andreasyan Paul Hindle Dave Wallace Dharmesh Mistry FinTech Futures

Great article from Elizabeth Lumley at The Banker talking about #UniCredit's push into #BaaS. 'Shaul David, a fintech and embedded finance consultant, said the deal is a validation for the Baas business model.' 'Lars Markull said (Vodeno with) the addition of Aion Bank has made the deal interesting because now Unicredit can make a play in the Baas space without having to manage the compliance in-house.' 'Vodeno’s platform plus Aion’s banking capabilities and geographic spread will allow UniCredit to be more nimble in delivering digital banking to broader segments and markets, said Neil Chandler, CEO of Aion Bank.' https://lnkd.in/esed8iZe

📢 UniCredit announces investment in Vodeno and Aion Bank. 🔸 The Companies combine an innovative, scalable, and flexible cloud-based platform to enable fully end-to-end Banking-as-a-Service. This transaction will allow UniCredit to further enhance in-house next generation technological expertise, advance embedded finance offering and improve the proposition for individuals and SMEs. 🎙 Andrea Orcel, Chief Executive Officer of UniCredit said: "This investment enables us to leverage Vodeno's technology and talent to further develop their proprietary technology using it as a sandbox to develop, test and innovate for the benefit of our broader group. The combination of Aion Bank with the integrated technology provides the route to enter targeted client segments and entire markets across Europe, providing additional opportunities to attractively deploy our excess capital". 📌 #UniCredit #OurStrategy #OurFuture #Digital Noah Sharp Neil Chandler

Big news for @AionBank and @Vodeno today! Excited to share that @UniCredit has invested in both companies (pending regulatory approval). I believe banks will be at the forefront of the next phase of #BaaS, and #UniCredit is the first top tier European bank to make a big bet on the sector. This is good news for the growth of BaaS and embedded banking, and ultimately, good news for consumers. Not only is this a validation of our business, but well deserved recognition for the efforts from the teams across both companies. https://lnkd.in/e33UBe2T

What is the difference between a Banking-as-a-Service provider with an EMI vs an ECB licence, and does it matter? Listen to CEO of Aion Bank, Neil Chandler, and CEO of Vodeno, Noah Sharp, explain why #BaaS from a bank is a smart choice. Simply put, the type of licence your BaaS provider has will determine which products they can offer. EMIs = strictly payment solutions vs an ECB licence which enables a full scope of banking services. Additionally, it is important to understand if your BaaS provider has in-house compliance expertise, or if they need to outsource it.

The Paypers spoke to Noah Sharp and Neil Chandler at #Money2020EU to find out why Embedded Finance has become a top priority for businesses, shaping the future of commerce and financial services. Watch the video below. #BaaS #embeddedfinance #financialservices https://lnkd.in/euJWag6F

FF News | Fintech Finance latest episode of The Paytech Show features Noah Sharp and Neil Chandler talking about how #BaaS puts customer needs first by delivering the right #financialservices, embedded directly in the #customerjourney, when and where people need them. https://lnkd.in/es3pg7RE

How to pick the right embedded finance solution 💡 Businesses must understand their customer pain points, identify the banking products that will complement their existing offering, and integrate the solutions at the point of need in their customer journey. Our new blog explains more 👇  https://lnkd.in/ewcxJxXF #embeddedfinance #BaaS #success