Aryza expands partnership with GoCardless to include open banking payments and new markets
Last editedNov 20242 min read
LONDON, 13 November -- Aryza Group, a leading provider of financial software solutions, announces the expansion of its partnership with GoCardless, a global bank payment company. The contract builds on a two-year relationship and will see additional GoCardless solutions built directly into Aryza’s platform.
As part of the new agreement, Aryza will integrate GoCardless' open banking-powered payment feature, Instant Bank Pay (IBP), into its loan and lease management software, Aryza Lend, in 2025 with plans for broader integration across other product lines. This initiative gives Aryza customers even more choice, providing merchants with an effective alternative for instant, one-off payments while reducing the costs associated with traditional card transactions.
Additionally, Aryza's merchants will benefit from Success+ to recover failed payments, elevating the customer experience. Success+, which recovers two-thirds of failed payments on average, applies machine learning to data from the millions of transactions GoCardless processes each year to intelligently identify the best time for payment retries.
These enhancements are further examples of Aryza's commitment to innovation and responsiveness to market demands.
From a market perspective, Aryza will extend GoCardless' capabilities beyond the UK and Ireland, rolling out the fintech’s Direct Debit and IBP solutions across Europe, Australia, New Zealand, and North America.
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.”
Martin Prigent, Group Director of Partnerships & Key Customer Relationships at Aryza, said: “Our partnership with GoCardless marks a significant step forward in enhancing our payment capabilities. 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.”
GoCardless now partners with more than 350 partners, allowing businesses to seamlessly integrate bank payments into the platforms they use everyday.
Notes to Eds.
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About GoCardless
GoCardless is a global bank payment company. Nearly 100,000 businesses, from start-ups to household names, use GoCardless to collect and send payments through direct debit, real-time payments and open banking.
GoCardless processes US$130bn+ of payments annually across 30+ countries; helping customers collect and send both recurring and one-off payments, without the chasing, stress or expensive fees. We use data and insights to improve payment success, reduce fraud and, with open banking connectivity to over 2,500 banks, help our customers make faster, more informed decisions.
We are headquartered in the UK, with additional offices in Australia, France, Ireland, Latvia and the United States. For more information, please visit www.gocardless.com and follow us on LinkedIn @GoCardless.
© 2024 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 Aryza
Aryza is a provider of end-to-end, mission-critical automation software to business customers in regulated industries, focused on the lending, credit, debt recovery and insolvency sectors. Aryza’s solutions automate a wide range of back and middle office activities including customer data collection, administration, and payment processing, covering every stage of the debt cycle. Its scalable technology platform is capable of meeting high volume, high complexity needs and helps customers significantly increase efficiency while ensuring compliance with local legislation. Aryza’s solutions are underpinned by unrivalled expertise and powerful data and are designed to have a positive impact on the financial health and wellbeing of our customer’s customers around the world. Since its foundation in 2002, the business has grown rapidly. Today it has global operations across four continents.
For more information visit https://www.aryza.com/
