Bankable, the global developer of Banking as a Service (BaaS) solutions, Aion Bank, a full service, European licensed digital bank and credit institution regulated in Belgium, and Vodeno, a Cloud-based “360” platform for digital financial services, have unveiled as 10-year strategic, multi-layered partnership for European markets and the United Kingdom.
The alliance will aim to work with EU and non-EU banking institutions that are interested in establishing a strong product offering. They’ll work with international brands focused on creating embedded finance services and will support Fintech startups from Europe, the US, LatAm and APAC as well.
Through their extensive partnership, the companies will aim to offer a one-stop-shop for global clients interested in addressing several different markets across Europe with accounts, cards, and local IBANs. These services will be provided so that businesses can streamline their operations.
Through their alliance, Bankable will reportedly be adding Aion Bank to its list of bank sponsors. Bankable will also establish a pan-European, pre-approved account and card programs under Aion Bank payment and settlement rails in order to speed up time-to-market for premium banks, major brands, and Fintech firms.
Additionally, Bankable will be utilizing Vodeno’s Cloud-powered tech to complement its own technology stack with a Credit-as-a-Service offering.
The Vodeno Cloud Platform (VCP) is notably one of the most extensive banking platforms in the market providing various banking products; deposits, investments and lending along with cards, payments and KYC through its ecosystem of more than 80 pre-integrated Fintech partners.
Eric Mouilleron, CEO and Founder at Bankable, stated:
“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 at Aion Bank, remarked:
“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.”