Temenos, Vodeno and Aion partner to push European BaaS adoption

Banking software company Temenos, Banking-as-a-Service (BaaS) provider Vodeno and digital bank Aion have teamed up in an effort to boost the roll out and adoption of BaaS in Europe.

Temenos CEO Max Chuard

The first BaaS product to come from the partnership — which combines Temenos’ Banking Cloud with Vodeno’s card processing services — will enable banks and businesses to automate and embed payments and card services into their products.

Temenos says brands will be able to offer digital banking services to their customers, including mobile bank accounts, debit or credit cards and payment services, without the need for a banking license.

Temenos and Vodeno are already engaged in several proof of concepts with banks and fintechs across Europe.

The Temenos Banking Cloud, which allows banks and businesses to manage their banking services in a secure self-service platform, will connect via REST APIs to the Vodeno Cloud Platform.

Temenos CEO Max Chuard says: “Working with Vodeno and Aion Bank, we offer an open cloud banking platform designed for business agility and massive scale to banks, fintechs and established brands that wish to offer embedded financial services and drive ultimate customer experiences.”

Vodeno CEO Wojciech Sobieraj adds: “The ease in which we can integrate cards and domestic payments, as well as other banking services, will power digital transformation to the next level in Europe.”