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Ordo and Certua are integrating Ordo’s open banking payments capability with Certua’s embedded finance platform to better serve the needs of businesses and their end customers with novel financial services.
Certua’s Embedded Finance platform allows any digital business to accelerate growth by natively embedding credit and insurance within their core proposition. It uses Artificial Intelligence to identify and assess user needs and to optimise the deployment of our partners’ capital and liquidity. This represents a new integrated model in which all stakeholders are beneficiaries.
The integration of Ordo’s e-commerce, Point of Sale and Request for Payment open banking services into Certua’s open banking features lowers the cost of payments, enhances security, and introduces real time bank account to bank account payments. This simplifies money transfer, supercharges cashflows and means that Certua can deliver even more innovative credit and insurance propositions for customers.
Ordo’s payments platform exploits the capabilities of the UK’s real time Faster Payments service and open banking to provider secure direct bank account to bank account payments and is automatically accessible to more than 98 per cent of UK bank account holders using their own bank’s mobile or internet banking service, without any customer registration or the need to download a special app.
Ordo CEO, Craig Tillotson, said “We are delighted to be working together to bring the efficiency, security and ease of use of open banking payments into Certua’s market leading embedded finance platform. Our combined expertise is revolutionising the way businesses offer financial services to their customers, using data to create new solutions that are better suited to individual customer’s needs, and open banking to deliver those solutions with safe, efficient and real time movement of money between businesses and their clients.”
Tom Williams, CEO Certua commented “Being able to offer efficient, secure, and cost-effective payment services are an essential part of our Embedded Finance proposition. We are very excited to be working with the experienced Ordo team in developing our combined offering as strategic partners in a rapidly evolving market.