GoCardless has announced its plans to acquire Nordigen, a freemium open banking data provider. This move will open GoCardless to a wider covering in its account-to-account network, more than 2,300 banks in 31 countries.
Nordigen’s technology will provide GoCardless with in-house open banking connectivity, providing free open banking connectivity at scale, opening up self-serve access to account information services (AIS). Additionally, it will offer a suite of premium data products which may help improve outcomes across a range of use cases from credit assessments to customer engagement. Hiroki Takeuchi, co-founder and CEO of GoCardless, said: “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.”