Country for PR: United Kingdom
Contributor: PR Newswire Europe
Friday, July 01 2022 - 17:49
GoCardless to acquire open banking platform Nordigen, combining broad open banking connectivity with bank payment expertise
LONDON, and RIGA, Latvia, July 1, 2022 /PRNewswire-AsiaNet/ --

    - GoCardless to offer free access to open banking data

    GoCardless [], the global leader in direct bank 
payments, has announced its plans to acquire Nordigen, the freemium open 
banking data provider, as it builds on its vision to become the world's bank 
payment network. GoCardless will incorporate Nordigen's next-generation open 
banking connectivity -- offering the widest coverage in Europe, connecting to 
more than 2,300 banks in 31 countries -- into its account-to-account network.

   The acquisition means the fintech will now provide free open banking 
connectivity at scale, opening up self-serve access to account information 
services (AIS) to everyone. In addition, its suite of premium data products 
help improve outcomes across a range of use cases from credit assessments to 
customer engagement.

   The announcement is the latest move from GoCardless as it accelerates its 
open banking strategy. Over the past 18 months it has launched its open 
banking-enabled Instant Bank Pay feature across multiple markets, as well as 
Verified Mandates, which combines AIS with direct debit to prevent fraud. This 
deal will enable GoCardless to acquire in-house open banking connectivity, 
which it plans to build on in the near future by expanding coverage and adding 
new payment types such as Variable Recurring Payments.

   Hiroki Takeuchi, Co-founder and CEO of GoCardless, said: "Over the past few 
years it's been amazing to watch open banking grow from a trend on the horizon 
to a global phenomenon which has given rise to a market worth over $400 
billion. We realised early on that this technology would drive bank payments 
for decades to come and over the last 18 months, we've accelerated our push 
into open banking as part of our vision to build the world's bank payment 

   The Nordigen acquisition will take us to the next level. By intelligently 
combining free, state-of-the-art open banking connectivity with deep payment 
expertise, we can now offer open banking-as-a-service to any developer, partner 
or fintech. We believe this open access will lead to experimentation, and that 
will create even more compelling use cases. We're excited to redefine what open 
banking can do with the talented Nordigen team now on board."

   Rolands Mesters, CEO Of Nordigen, said: "At Nordigen, our mission is to help 
businesses around the world adopt and utilise open banking, enabling greater 
financial transparency and financial inclusion. We share GoCardless's 
excitement about the growth of open banking, and we're delighted to join forces 
with a group of people who not only share our passion for driving game-changing 
innovation in financial services, but will also help us bring free open banking 
access to a far wider audience."

   The deal is expected to close later in the summer. Further terms of the 
acquisition were not disclosed.

   About GoCardless

   GoCardless [] is a global leader in direct bank 
payment solutions, making it easy to collect both recurring and one-off 
payments directly from customers' bank accounts through direct debit and open 
banking. The GoCardless global payments network and technology platform take 
the pain out of getting paid for 70,000 businesses worldwide, from 
multinational corporations to small businesses. Each year GoCardless processes 
over US$30 billion of payments across more than 30 countries. GoCardless is 
headquartered in the UK, with additional offices in Australia, France, Germany 
and the United States. For more information, please visit 
[] and follow us on Twitter @GoCardless 

   (C) 2022 GoCardless Ltd. All Rights Reserved. GoCardless is a registered 
trademark of GoCardless Ltd in multiple countries. Third party trademarks 
mentioned above are owned by their respective companies. Unless explicitly 
identified as such, nothing in this press release should be construed to the 
contrary, or as an approval, endorsement or sponsorship by any third parties of 
GoCardless Ltd. or any aspect of this press release

   About Nordigen

   Nordigen is a freemium open banking platform that provides free access to 
open banking data and premium data insights. Nordigen's free API connects to 
more than 2,300 banks in Europe and serves fintech companies and developers in 
31 European countries, including the UK. Nordigen is a licensed Account 
Information Service Provider (AISP), regulated by the Financial and Capital 
Market Commission of Latvia and authorised in 31 European countries.

   For more information, contact:

   Linda Yang
   Global Head of PR, GoCardless
   +44 7533575155