back Back

Caxton and OpenPayd partner to offer a simplified payments experience

By Joy Dumasia

March 17, 2022

  • API
  • BaaS
  • Banking-as-a-Service
Share

Caxton, the leading UK FinTech payments provider, announced a significant partnership with Banking-as-a-Service provider OpenPayd to offer customers a simplified payments experience. To meet the demands of rapid growth, the collaboration will upgrade and automate Caxton’s payments infrastructure, to drive faster processing of payments in and out and deliver a better customer experience. 

The deal enables Caxton to issue IBANs (International Bank Account Numbers) unique to its consumer and corporate clients. This will reduce time spent on payment reconciliations, remove the possibility of human error and significantly speed up the payment processing time. In just two weeks, the capability, integrated into Caxton’s platform, is part of OpenPayd’s embedded finance infrastructure for payments businesses offering plug-and-play banking products and services through a single API. 

Rupert Lee-Browne, CEO, said: “For over 20 years, Caxton has provided its corporate and consumer clients with a world-class payments experience, combining best-of-breed financial technology with an award-winning level of customer service. As we continue to grow, we’ve chosen to partner with OpenPayd to overhaul our operations. OpenPayd’s unique API-driven infrastructure will help our teams continue to shape the future of payments, automating time-consuming processes, delivering improved operational efficiency and an even better service for our customers.” 

Iana Dimitrova, CEO of OpenPayd, said: “Embedded Accounts are fundamental elements of embedded finance infrastructure. They power critical operational processes which enable embedded finance use cases. No matter how quickly Caxton scales, embedded IBANs give them the infrastructure they need to deliver an efficient finance operation and improved customer experience. We are proud to support the bold growth ambitions of a business with such an established presence and reputation for innovation.”

IBS Intelligence reported that OpenPayd, leading global payments and Banking-as-a-Service (BaaS) platform, has announced the appointment of Barry O’Sullivan as its Head of Payments Infrastructure.  

Previous Article

March 17, 2022

Robocash launches loans from Sri Lanka

Read More
Next Article

March 17, 2022

2C2P partners with hoolah to enable BNPL integration for merchants in Singapore, Malaysia and Hong Kong

Read More








IBSi Daily News Analysis

March 22, 2024

API

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Tempo France suspends classical remittances, to focus on DeFi

Read More

Today

Qonto unveils its first in-house financing offer, ‘Pay later’

Read More

Today

Riverty and Adyen partner to offer 14-day invoice solution in DACH

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023