Access PaySuite acquires Ordo's open banking technology infrastructure

Access PaySuite's acquisition of Ordo's open banking technology infrastructure highlights a strategic move to bolster its capabilities in the UK's rapidly evolving financial tech landscape. This acquisition comes on the heels of Ordo's abrupt shutdown by Neonomics, underscoring the volatile nature of the fintech sector. The move is significant as it positions Access PaySuite to better compete in the open banking space, potentially offering enhanced services to banks and financial institutions looking to leverage open banking technologies. This acquisition could also signal a consolidation trend in the UK fintech industry as larger players seek to expand their technological footprints.