GoCardless to buy Open Banking platform

GoCardless has announced plans to buy Open Banking data provider Nordigen.

The FinTech, which provides direct bank payment solutions, will incorporate Nordigen’s Open Banking connectivity, which it says offers the widest coverage in Europe, into its account-to-account network.

The Open Banking company currently connects to over 2,300 banks across 31 counties.

GoCardless said that the move would mean it could provider free Open Banking connectivity at scale and open up self-serve access to account information services to everyone.

“The Nordigen acquisition will take us to the next level," said Hiroki Takeuchi, chief executive, GoCardless. "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."

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