Vodeno

Vodeno provides a cloud API platform for embedded banking, accounts, payments and lending. The company describes its role as technological: it supplies the technology layer, while the regulated banking layer comes from a partner.

Roles in the partnership

The banking component is provided by UniCredit NV/SA, formerly Aion Bank. Vodeno is the technology platform and UniCredit NV/SA is the regulated banking layer. Both belong to the UniCredit group, which is the parent company. Vodeno itself should not be treated as a bank, its products are not automatically bank deposits, and it should not be credited with the BIN ranges used in programmes on the platform.

Services

The listed services are BaaS technology, core banking, accounts, payments and lending. The platform lets a fintech, bank or business launch financial products without building a core banking system of its own.

Who it suits

The published target segments are fintech companies, banks and financial institutions, and businesses and enterprises. These segments describe the focus of the offering and do not guarantee that a given company will be accepted.

What to confirm

Licensing details, fees, supported countries and the onboarding timeline are not given in the published description. A company should ask which products come from the technology platform and which from the partner bank, and which entity signs the contract.