Belgian challenger Aion hires CIO, preps flagship branch
Belgian challenger bank Aion has hired a new chief information officer and launched a new online banking product ahead of the opening of its flagship branch in Brussels.
Tomasz Motyl has joined the bank from Polish technology firm Vodeno, which provides Aion with its core banking system.
Prior to his time at Vodeno as head of development, Motyl spent ten years at Warsaw-based Alior Bank SA.
US private equity firm Warburg Pincus bought the Belgian subsidiary of Banca Monte dei Paschi in 2018 to create Aion, scrapping a brand name that had existed in the market for 72 years in the process.
Warburg Pincus is also the parent company of Vodeno.
The challenger’s new product, dubbed MoneyMax, is designed to help members of the subscription-only bank “maximise their money by earning more on savings.”
Aion, which is owned by private equity firm Warburg Pincus, also plans to open the doors of its flagship branch, located on Avenue de la Toison d’Or in Brussels, later this month.
“Moving money, withdrawing money, investing money, exchanging money, borrowing money, and even saving money shouldn’t cost you money,” says Wojciech Sobieraj, CEO of Aion.
“Aion is on a mission to change the way banking is done. Instead of trying to up-sell and maximise profits per customer, Aion charges a flat subscription fee so that we do all the hard work for you, our members.”