GoCardless, a leader in bank payment processing, has announced a strategic partnership with OMS, a comprehensive platform that streamlines the mortgage process for brokers from enquiry to completion.
The collaboration aims to integrate GoCardless’ Instant Bank Pay, an open banking payment feature, directly into the OMS platform. This integration will allow brokers to efficiently request payments for services such as broker fees, improving how payments are managed, collected, and reconciled within the OMS CRM system.
GoCardless specializes in facilitating bank payments that are faster, cheaper, and more secure. Their technology will allow OMS users to bypass costly card fees by enabling instant, one-off payments through open banking.
OMS provides a single-input enquiry to completion processing platform that supports a variety of financial services products, integrated with market-leading providers such as Ignite, Submissions Brain, and Equifax.
The partnership marks a significant step for GoCardless as it continues to expand its growth through strategic partnerships. Earlier this year, GoCardless also announced plans to acquire Nuapay, aiming to significantly scale its indirect channel proposition and consolidate its position as a prominent payment provider in various customer segments including Independent Software Vendors (ISVs) and Payment Service Providers (PSPs).
One Mortgage System (OMS) managing director Neal Jannels commented, “We remain focused on exploring ways to generate more time for brokers to do what they do best, advising clients and building their business in the most cost-effective and most cost-efficient ways possible.
“The GoCardless ethos of making payments faster, cheaper, and more secure is an admirable one and this important integration certainly fits within our ongoing commitment to helping the broker community to work smarter, not harder.”
Seb Hempstead, VP of Partnerships at GoCardless, said, “We’re excited to partner with OMS to take the pain out of getting paid for their customers. By leveraging our open banking payments, brokers can deliver a best-in-class customer experience while saving time and money, creating a win-win for everyone. This use case demonstrates how open banking can bring real value to businesses and payers in the mortgage space, and we look forward to deepening our footprint in the industry with OMS.”
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