NatWest Group Plc is considering launching a separate digital lender for small businesses in the UK to find a new avenue of growth for the bank. The plan would bring NatWest together with Brussels-based Aion through a new joint venture, according to people familiar with the matter, who asked not to be named because the negotiations are private. Aion has a banking license and already operates in several countries including Belgium and Poland. A deal would also involve its technology provider, Vodeno, whose data capabilities could help NatWest attract smaller business customers that traditional banks would normally consider uneconomic. Both are owned by US private equity firm Warburg Pincus.
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