Bankable, the global architect of “Banking as a Service” solutions, Aion Bank, a full service, European licensed digital bank and credit institution regulated in Belgium, and Vodeno, a fully cloud native ‘360’ platform for digital financial services today announced a 10-year strategic, multi-layered partnership for all European markets and the UK.
Aion and Vodeno – both backed by global private equity firm, Warburg Pincus LLC – and Bankable will create the most functionally rich Banking as a Service offering in Europe. The alliance will target EU and non-EU banks wishing to build a strong multi-country offering, global brands building embedded finance solutions and fintech scale-ups from Europe, the US, Latam and APAC seeking to launch a multi-country offer in Europe. Together, the companies will supply a one-stop-shop for ambitious cross border clients wishing to simultaneously address multiple markets in Europe with accounts, cards and local IBANs; rapidly delivered to transform both regulated and non-regulated entities.
Through the alliance, Bankable will add Aion Bank to its portfolio of bank sponsors. Bankable will set up pan-European, pre-approved account and card programmes under Aion Bank payment and settlement rails to accelerate time-to-market for premium banks, global brands and fintechs. Bankable will also utilise Vodeno’s cloud native technology to complement its own tech stack with a ’Credit as a Service’ offering. The Vodeno Cloud Platform (VCP) is one of the most comprehensive banking platforms in the market offering an entire spectrum of banking products; deposits, investments and lending together with cards, payments and KYC via its curated ecosystem of over 80 pre-integrated fintech partners.
Eric Mouilleron, CEO & founder of Bankable: “Together with Aion Bank, we share the same entrepreneurial culture and ambition. Thanks to our complementary assets and strong alignment of our teams, we are in a position to attract premium clients willing to develop a pan-European banking offer leveraging a best-in-class infrastructure. This partnership clearly sets us apart from competition with the richest Bank as a Service offer for premium clients with clear multi-country ambitions in Europe.”
Wojciech Sobieraj, CEO of Aion Bank, added: “Bankable and Aion share the same mission: to give pan-European access to premium local banks and to offer embedded financial services across Europe to fintechs, established businesses and brands. Together with Vodeno, we offer both a formidable infrastructure powered by the best technology that gives access to banking-related services that are modular and easy to integrate, and the deepest product breadth in the Bank as a Service European market, covering accounts, cards and credit.”