NewTech Friday: Vodeno – Powering financial services for every business
Vodeno is offering embedded banking solutions through cutting-edge technology, a compliance platform and a European banking licence. Their Chief Commercial Officer Krzysztof Czuba tells us more about it.
Vodeno is offering embedded banking solutions through cutting-edge technology, a compliance platform and a European banking licence. Their Chief Commercial Officer Krzysztof Czuba tells us more about it.
What led to the creation of Vodeno?
The concept for Vodeno was to build a financial services technology company with the latest cloud technologies. A fully cloud-native banking platform did not exist at the time, so we built the VODENO Cloud Platform (VCP) from the ground up with proprietary software that covers all aspects of Retail and SME banking via hundreds of open APIs. We also knew that we needed to tap into fast-moving fintech innovation, so VCP is also a ‘360’ ecosystem with nearly 90 of the best fintechs integrated into the platform.
Could you present Vodeno's offer?
The combination of Vodeno’s fully API-based, cloud-native platform and access to a European banking licence through Aion Bank make us uniquely positioned to offer BaaS to both regulated and non-regulated entities across multiple sectors. We can cover the full spectrum of banking services, from 'smart contract enabled' core banking to accounts to payments to lending and investments, and both for retail and corporate end users, allowing for our solutions to be flexible and modular to client needs.
What's coming next for Vodeno?
We have many clients on our books and are scaling fast across Europe. From providing lending-as-a-service to e-commerce giant Allegro and servicing accounts for a leading financial superapp in Poland, to supporting multiple German fintechs and Metro, one of the largest retailers in the world, our relatively short history has already been dotted with some impressive milestones.
We also recently announced a partnership with British bank NatWest, to launch a banking-as-a-service business in the UK. The new entity will target the largest UK businesses and offer our suite of BaaS products. It also gives our European clients access to the UK market, and the new company's future UK clients access to Europe.
We are seeing tremendous interest from non-regulated companies, who are looking to embed financial products to keep up with competitors and grow their business. With all this momentum, our ambition is to become one of the top BaaS providers in Europe across the next three years.
Leverage community expertise to redefine finance
Our communities cover diverse topics such as digital transformation, SME finance, or Embedded insurance, providing a platform to learn from industry experts and peers.