NatWest's banking technology and expertise business to merge with Vodeno's technological and operational business and cloud platform in a £115m deal.

The banking technology and expertise business of NatWest, a commercial banking firm, agreed to merge with the technological and operational business and cloud platform of Vodeno, a cloud-based core banking platform, in a £115m deal. The new UK entity will be 82% majority owned by NatWest, with Vodeno the remaining minority interest. "Consumers require high quality and accessible banking products that are end-to-end digital, and Banking-as-a-Service is making this possible. Our fully API-based platform offers a comprehensive suite of BaaS products that enable brands to 'embed' financial services directly into their ecosystems to create seamless customer journeys. We are excited to combine our technology with NatWest Group to offer the next generation of financial services," Wojciech Sobieraj, Vodeno CEO of Poland.