Direct bank payments company GoCardless plans to acquire open banking data provider Nordigen later this summer in a move to grow its bank payments network, the companies announced Friday. Terms of the deal were not released.

Latvia-based Nordigen is a free, open-banking platform that provides access to data and premium insights to more than 2,300 banks in 31 countries, according to a statement.

“The Nordigen acquisition will take us to the next level,” GoCardless Chief Executive Hiroki Takeuchi said in a statement. “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.”

The latest GoCardless acquisition follows a series of efforts by the London-based company to broaden its open banking strategy, according to its website. In June, for example, GoCardless launched two open banking features in Germany: Instant Bank Pay, which allows merchants to collect payments directly from a customer’s bank account, and Verified Mandates, a fraud prevention tool.

GoCardless’ prioritization of open banking supports the growing open banking usership in Europe which is expected to reach 64 million active users by 2024, GoCardless General Manager of Continental Europe Alexandra Chiaramonti said in a statement. The latest launches will “help [its users] tackle a range of challenges, from high card feeds to payment fraud, while at the same time offering consumers a preferred, more secure, and seamless way to pay.”

GoCardless processes more than $30 billion of payments across more than 30 countries annually and works with 70,000 businesses globally, according to its website.

Envestnet inks deal with investment solution Redi2 Technologies

Envestnet announced today that it has acquired revenue management and billing technology company Redi2 Technologies. Terms of the deal were not disclosed.

The acquisition allows Envestnet to modernize its billing, accounting and back-office capabilities, a spokesperson told Bank Automation News.

Redi2’s offerings include: Revenue Manager, an accounting and billing service for asset managers; Wealth Manager, with multi-party billing and payouts for broker-dealers; and BillFin, an advisory billing and invoicing service.

“This latest acquisition reinforces our strategy to build out our ecosystem with technology, solutions, and data that further our industry leadership, and create scale and operating leverage for our business,” Rich Aneser, chief strategy officer at Envestnet, said in a statement.

FNB Community Bank selects Teslar Software to automate lending

Oklahoma-based FNB Community Bank announced the integration of Teslar Software’s automation platform with its core processor in order to streamline the bank’s lending capabilities.

Teslar’s technology will allow the bank to access borrower and portfolio data, and improve reporting to speed up the lending process, according to a statement.

“By leveraging Teslar, FNB Community Bank has the tools and transparency needed to boost efficiencies and reveal critical insights to help drive growth and success,” Joe Ehrhardt, chief executive at Teslar, said in a statement.

Teslar Software launched in 2008 and is also integrated with Finastra, Fiserv and Jack Henry.

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