UniCredit completed the acquisition of Vodeno and Aion Bank for €370m.

UniCredit, an international banking group, completed the acquisition of Vodeno, a fully API-based, cloud-native platform and access to a European banking licence provider, and Aion Bank, a full-service digital bank, for €370m ($402m). Andrea Orcel, Chief Executive Officer of UniCredit said: "This investment enables us to leverage Vodeno's technology and talent to further develop their proprietary technology using it as a sandbox to develop, test and innovate for the benefit of our broader group. The combination of Aion Bank with the integrated technology provides the route to enter targeted client segments and entire markets across Europe, providing additional opportunities to attractively deploy our excess capital."