UniCredit declared that it would be investing 370 million euros ($401 million) to acquire Aion, a Belgian digital bank, and Vodeno, a provider of cloud-based banking services.
UniCredit (CRDI.MI) announced on Wednesday that it was spending 370 million euros ($401 million) to buy Aion, a digital bank in Belgium, and Vodeno, a company that offers cloud-based banking services.
Vodeno has its own cloud platform, and 200 engineers, developers, and data scientists will be employed by UniCredit as a result of the acquisition. “The transaction represents one of the first moves by a bank to acquire full ownership of a new technology (without any dependencies from third-party core banking providers),” said UniCredit.
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