Ordo

And just before the bank holiday weekend.... confirmation of who's stepping up to be a part of the new independent entity for #openbanking Variable Recurring Payments, or #vrp. Ordo, part of the Neonomics group, is enthusiastic to be on the list. We've been live with Variable Recurring Payments, or Pay by Bank, for payments between accounts in the same name (sweeping 🧹) for years. And now the new entity will see this artificial restriction on expanding VRP, wave by wave, drain away, enabling businesses and consumers to pay and be paid for those repeated bills via secure, flexible and controllable instant VRP. 💴 We already have clients and their customers reaping the benefits of flexibility and control: The wonderful CDFI (Community Development Finance Institution), Moneyline, in their VRP pilot with us proved that VRP is popular with paying consumers: 🧠 75% of Moneyline customers using VRP said it reduces stress and worry. 🚶♀️ 92% of customers in Moneyline’s trial moved to VRP when offered the chance. 📈 VRP led to a 26% reduction in arrears compared with customers on direct debit payments. The sooner we can crack on with developing VRP and surfing beyond Wave 1, the better, and more value will be driven to the UK's businesses and consumers creating growth for us all. A good progress post to see us off into the weekend. Thanks to all at Open Banking for their work in corralling the industry 🐈⬛

There you go! We're proud to be backing the next phase of VRPs (commercial VRPs) as funders, alongside Neonomics and 30 others, creating a new industry-led entity to shape smarter payments. 📣 A key step forward in the UK’s National Payments Vision. Read more in the Open Banking post!👇 #CVRPs

🗓️ The Data Bill heads to Report Stage on 7 May, paving the way for the UK’s smart data economy and unlocking an estimated £10bn boost over the next decade. 🔎 Open banking showed what’s possible. Smart data will take it further, into energy, telecoms, and beyond. With backing from the UK government and regulators, and growing momentum across the industry (including funding now secured for the new VRP entity), 2025 is shaping up to be a breakthrough year. At Ordo, we’re already shaping the future with: 🔹 Secure access to verified account data 🔹 Cardless, instant payments - no passwords or app downloads 🔹 Smarter bill and debt collection journeys that help people and businesses save, switch, or get ahead And the biggest shift coming? 👉 It’s not just for banks. If you're curious about what smart data can do for your organisation, feel free to reach out to learn more. #SmartData #OpenBanking #OpenFinance #SmartDataEconomy #databill

🔊NEW PODCAST | 💡 Tackling the UK’s £4B energy debt crisis with #AI & #OpenBanking Financial stress in the UK is real and for many households, it’s a matter of “heat or eat”. Rising bills are making winter tough, but Ordo and Eviden are offering a flexible payment solution that’s helping alleviate this pressure. ➡️ In this podcast hosted by Monica Millares, Fliss Berridge and James Sharpe discuss how innovative technology is transforming utility bill payments and creating payment schedules that reflect real-world income patterns – not outdated billing policies. The full conversation dives deep into the principles behind the innovation, offering insights into how we’re helping utilities and energy providers offer more flexible payment options to their customers during tough times. You can listen to the full episode on: 🎧 Spotify: https://lnkd.in/eqAmzMUy 🎧 Apple: https://lnkd.in/eG4RTAQn 📺 YouTube: https://lnkd.in/eV8AAm9y #billpayments #Fintech #Podcast #energybills #betterpayments #energycrisis #flexipay #flexipayments #smartdirectdebit #vrp #consumercentricity

📍 Our Co-founder and MD, Fliss Berridge, will be at #IFGS2025 today at Guildhall, London! The Innovate Finance Global Summit is a key moment in the Fintech calendar, bringing together founders, policymakers, and investors shaping the future of financial services. ➡️ If you’re around today and want to talk Open Banking all things, or what’s next for the industry, connect with Fliss on the ground! #IFGS #IFGS2025 #InnovateFinance #Fintech #openbanking #cvrp

What will it take for open banking to move from a regulatory remedy to a true driver of growth? A new report from global professional services firm Alvarez & Marsal, 'The Future is Open: Navigating the Next Phase of UK Open Banking', explores open banking’s evolution and the steps needed to ensure its future success. Featuring insights from Open Banking, the report covers key developments, from premium APIs and commercial VRPs to open finance and the smart data agenda. 💡 With the Data (Use and Access) Bill currently advancing through Parliament and open banking payments central to the UK’s National Payments Vision, the momentum is clear. At Ordo, we see first-hand how these shifts are reshaping payments by delivering faster, smarter, and more cost-effective alternatives to cards. 📖 📖 Read the full report and see what’s next: https://lnkd.in/g9a8P3Tq #OpenBanking #NPV #Payments #Fintech #cVRP

As part of Neonomics, we’ve got our hands on their latest whitepaper, and it’s worth a read. #Openbanking has moved beyond just ticking regulatory boxes: it's a real competitive advantage now. 🔑 🔗 Get the full insights here: https://lnkd.in/d3xwNrbv In this whitepaper, you’ll get: 🔍 A look at the open banking landscape 💡 How it works and why it matters to businesses 🌍 Adoption trends and what’s changing in regulation 🚀 What’s next? Moving beyond open banking to open finance Give it a read – this is a must for anyone interested in payments and the evolutions to come! #OpenBanking #Fintech #Payments #a2a #PSD2 #PSD3 #VRP

💡 Did you know that The Smart Request Company (Ordo) is recognised as one of the top open banking companies for the UK #PublicSector? 📊 As an established supplier on the Open Banking Dynamic Purchasing System (#DPS), created by the Crown Commercial Service (CCS), Ordo helps public sector organisations streamline payments with: 1️⃣ Fast and easy integration of our #whitelabel solutions, tailored to the unique needs of public sector services. 2️⃣ Powerful #data insights and payment solutions that help reduce #reconciliation times – saving thousands of hours while improving payment accuracy. 3️⃣ Seamless payment options, including #paymentlinks for contact centres and #QRcodes for face-to-face transactions. We’re proud to continue driving innovation and efficiency in the financial landscape! 🔗 Check out the article here and stay tuned! https://lnkd.in/eKD_TuEH

We're pleased to see Open Banking and Open Finance getting the attention they deserve in the Financial Conduct Authority's new strategy! 👏 At Ordo, we've already seen how #A2A payments and #VRP are helping our clients reduce costs, boost efficiency, and make life easier – all while creating a more level playing field. With this strategy paving the way for even greater innovation, we’re looking forward to the positive impact it will have for both businesses and consumers! #DigitalTransformation #FairCompetition #FinancialInclusion #Fintech #cVRP #Innovation #FinancialServices

We’re at #Pay360 at ExCeL London! 📍 Interested in learning more about our latest innovations in Payments and Data as part of the Neonomics family? 💡Our Managing Director, Fliss Berridge, is here! If you're attending and want to chat about all things Open Banking, let’s connect! Drop us a message to arrange a time. 💬