Vodeno
Warsaw banking-as-a-service and smart-contract core banking (HiLo), with a bank licence available through Aion Bank
Quick Overview
| Company | Vodeno sp. z o.o. |
|---|---|
| Category | Core Banking Software |
| Headquarters | Warsaw, Poland |
| Founded | Not stated |
| EU Presence | Yes - Poland (EU) |
| Data Location | Not stated on the website |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | HiLo smart-contract core, no-code product design, accounts with European IBANs, lending and BNPL, payments and FX, cards with Mastercard, KYC/AML controls, white-label app, business process outsourcing |
| Pricing | Pricing on request |
| Best For | Businesses launching banking-as-a-service products without their own licence |
| Replaces | Fiserv, FIS, Jack Henry |
Detailed Review
Vodeno combines a cloud-native platform with access to a full banking licence through its partnership with Aion Bank. It sells banking-as-a-service to regulated and non-regulated entities.
The privacy policy names Vodeno sp. z o.o., Dobra Street 40, 00-344 Warsaw, in the National Court Register under KRS 0000728418, with share capital of PLN 218,655,400.
HiLo Core
Its Smart Contract Core Banking solution, HiLo, uses smart contracts that the vendor describes as self-executing code run on blockchain technology. Product owners define products with a no-code visual designer, and AI assists with building contracts.
BaaS Services Around the Core
The service list covers digital onboarding, accounts with European IBANs, lending and BNPL, payments with live FX, card issuing with Mastercard, savings and term deposits, and business process outsourcing such as transaction monitoring and reporting.
Compliance Layer
The site claims 500+ controls, compliance with EBA, GDPR and ISO 27001 and an in-house FX engine, as vendor claims.
Limitations to Consider
The website looks partly stale: the footer shows 2024, the home page carries placeholder text and consumer demo content about Belgian savings. Pricing is not published, and the bank licence belongs to a partner, Aion Bank, so the regulated relationship is with another institution. For a bank wanting to run its own licence, Thought Machine or Skaleet are closer.
Who Should Use Vodeno
Companies that want to offer banking products through a BaaS partner under a Polish technology provider.
Pros and Cons
Pros
- Licence access through partner bank
- No-code product design
- Cards, FX and onboarding in one stack
- Polish company with registry data
- AI-assisted smart-contract creation
Cons
- Website partly out of date
- No public pricing
- Licence is a partner's, not Vodeno's
- Blockchain-based approach is unusual
Alternatives to Vodeno
Other European core banking software worth comparing before you decide:
Thought Machine
United Kingdom · Cloud-native core ledger and payments with a configuration layer
Mambu
Netherlands · Composable SaaS core for lending, deposits and payments
Skaleet
France · Modular SaaS core banking on EU-based private cloud
10x Banking
United Kingdom · SaaS core for banks, mutuals and lenders with AI migration tools
See all European core banking software or compare them directly against Fiserv on our alternatives page.
Frequently Asked Questions
Vodeno's smart-contract core banking solution, where products are defined without code and executed as smart contracts.
The site says it offers access to a full banking licence through its partnership with Aion Bank.
In Warsaw, Poland, under KRS 0000728418.