Aion Bank, a full-service digital bank powered by the Vodeno cloud platform, has partnered with cloud-native payments technology specialists Form3 to implement Aion's next-generation payments platform. It will also deliver real-time payment processing, clearing and settlement for Aion's European members, according to a press release.

Aion Bank offers its members a number of money-saving products, very high interest rates on savings accounts, ETF based asset management without any of the usual management fees, competitive rates for loans and personalized financial advice for a fixed monthly fee of $22.95

Form3's platform helps banks to outsource their payment infrastructure and operations through a scalable, high availability transparent solution to manage and monitor payments.

Aion Bank will utilize Form3's API-first payments platform to run real-time payment processing via an API integration across all payment types. Form3's first release for Aion enabled the digital bank to be a direct participant in SEPA Instant, SEPA Credit Transfer and SEPA Direct Debit. Additional new markets are planned for launch in the coming months.

"We built Aion using the Vodeno Cloud Platform which is fully cloud-based and enabled by advanced API technology. In order to build features and services that would make banking digital first and frictionless for our members we chose the best cloud-native partners, like Form3, to deliver our vision," Tomasz Motyl, Chief Information Officer, Aion Bank said in the release.