The open banking infrastructure of Ordo has been snapped up by a division of The Access Group after it was closed down by its parent company last year.
Ordo was acquired by Nordic company Neonomics in January 2025 but by the autumn it had ceased trading. The London firm was founded by the former management team of the UK Faster Payments scheme.
Authorised by the FCA, Ordo delivered a wide range of payments and data services including variable recurring payments. It was an official crown services supplier.
Neonomics CEO and founder Christoffer Andvig said at the time: “Neonomics has chosen to close its UK subsidiary, Ordo, so we can channel all resources into the Nordic and wider EU markets, where demand for our open-finance data and payments solutions is accelerating.
“We are seeing strong traction with existing products and are investing in new services that leverage the latest open-finance capabilities. While our current focus is on scaling these high-growth opportunities, we may return to the UK market in the future as conditions align with our strategy.”
Now Access PaySuite, the payments division of The Access Group, has agreed to acquire Ordo’s tech. It said this completes its proprietary payment acceptance layer across cards, Direct Debit and Open Banking.
Open Banking, also known as Pay by Bank, in the UK processed 351 million payments in 2025, a 57% year-on-year increase, with more than 16.5 million active users, according to Open Banking Limited.
The acquisition gives Access PaySuite full ownership of its core payment infrastructure and, with it, the ability to combine payment initiation with real-time account data.
The completed rail delivers measurable operational benefits: lower acceptance costs, faster settlement, and richer reconciliation data, alongside the ability to offer payments, financial services, and intelligence from a single platform.
Giulio Montemagno, managing director of Access PaySuite, said: “This acquisition isn’t about adding a payment method. It’s about what we build with it. We’re embedding Open Banking natively across our platforms, and the bigger opportunity is blending payments with financial intelligence to tackle genuinely hard problems.
“That’s where payments stops being a utility and starts driving real outcomes — more revenue recovered, lower cost to serve, and better financial lives for the people on the other end of every transaction.
“Underpinning this is Access PaySuite’s pursuit of FCA permissions for Payment Initiation and Account Information Services, not just regulatory milestones, but what makes the next generation of outcomes possible.
“Together, they open an entirely new class of solution: intelligence embedded directly at the point of need. The UK’s National Payments Vision puts Open Banking at the centre of how payments should evolve. Access PaySuite intends to be at the front of that wave.”