Aion Bank Acquires Etfmatic
Aion Bank, a full service digital bank, today announced the acquisition of ETFmatic. ETFmatic works with some of the best exchange traded funds (ETFs) in the world to offer a transparent end-to-end service to investors. ETFmatic’s proprietary investment platform and management team will be integrated into Aion’s operations, effective immediately. The deal received approval by the UK’s Financial Conduct Authority (FCA).
Wojciech Sobieraj, CEO of Aion Bank, commented: “ETFmatic has been a great partner since our Belgian launch in March 2020. We were impressed with ETFmatic’s team and technology, and importantly, the company shares our mission to provide consumers with a fully transparent experience, removing the hidden fees and commissions most banks and asset managers charge. We are the bank designed to help our members save and earn more, and portfolio management is a key product as we prepare to expand across Europe.”