Aryza Group, which provides financial software solutions, has expanded its partnership with bank payment company GoCardless, which will see it integrate Open Banking payments and enter new markets.
As part of the new agreement, which builds on a two-year partnership, Aryza will integrate GoCardless’ Open Banking payment feature ‘Instant Bank Pay’ into its loan and lease management software ‘Aryza Lend’ in 2025, with the intention to integrate it more broadly across other product lines.
In addition, Aryza will extend GoCardless’ capabilities beyond the UK and Ireland, with its direct debit and ‘Instant Bank Pay’ solutions to be rolled out across Europe, Australia, New Zealand and North America.
Through the expanded partnership, Aryza’s merchants will also benefit from ‘Success+’ to recover failed payments.
According to GoCardless, its ‘Success+’ solution recovers two-thirds of failed payments, on average, by applying machine learning to data from the transactions GoCardless processes each year, to identify the best time for payment “retries”.
Tom Metcalfe, director, UK&I partnerships at GoCardless, said: “We’re excited to scale our reach in the banking and lending space through this expanded relationship with Aryza.
“With effective ways to drive top-line growth while keeping costs down, bank payments are the perfect partner for this sector and we can’t wait to bring the benefits to even more businesses.”
“By integrating GoCardless’ cutting-edge technology, we are excited to offer our clients a seamless payment experience that not only meets their current needs but also positions us for future growth across our global markets,” added Martin Prigent, group director of partnerships and key customer relationships at Aryza.
Further reading: GoCardless builds on relationship with cloud accounting software company
