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UniCredit's acquisition of Vodeno and Aion Bank marks a significant shift in embedded finance. This move brings in-house a suite of Banking-as-a-Service products and 200 skilled professionals, positioning UniCredit to offer tailored financial solutions and strengthen customer relationships.

It reflects a broader trend of banks becoming comprehensive embedded finance providers, responding to fintech challenges by controlling key technological platforms. This strategy allows for greater innovation, flexibility, and client intimacy.

Further analysis and details are available here 

It is very important to approach currency conversion throughout the entire end-to-end process, from the moment the treasurer has to decide the best options for an FX transaction, passing through the hedging plan, down to the execution of the currency pair conversion  .

A solution that operates as a decision support system that automates key activities and keeps the treasurer always up-to-date is the foundation of managing (and mitigating) FX risk.

This announcement validates my prediction that we will see banks offering digital payment hubs for all types of payments transactions processing and connectivity.

These scalable systems will provide the flexibility to merge bank internal legacy applications while decommissioning and replacing old systems by consuming microservices-based advanced and modern applications via APIs.

Artificial intelligence will process, convert, enrich, validate, reconcile and route any type of financial transaction using workflows dynamically invoked as needed.