PayPoint has completed the acquisition of UK fintech AperiData, strengthening its Open Banking capabilities and expanding its use of real-time financial data across lending, affordability, and customer support services.
The acquisition follows PayPoint’s strategic investment in AperiData in 2024 and builds on a partnership that began in 2023. By bringing the company fully into the PayPoint Group, the payments provider aims to accelerate the development of data-driven financial services across the UK.
Expanding Open Banking capabilities
AperiData specializes in Open Banking and transaction-level financial data, helping organizations make faster and more informed decisions using real-time account information.
Its technology enables businesses to assess affordability, evaluate financial health, identify vulnerable customers, and improve credit decisioning using verified banking data rather than traditional static information.
PayPoint says integrating these capabilities into its broader platform will strengthen its financial services offering while supporting more responsible lending and improved customer outcomes.
Building on an established partnership
The two companies have already collaborated on several Open Banking solutions, including the Financial Information System (FIS) Customer Support Tool.
The platform enables organizations to access verified financial data during customer interactions, allowing support teams to better understand an individual’s financial circumstances and tailor assistance accordingly.
The solution received the Business Partnership of the Year award at the 2024 Credit & Collections Industry Awards.
Open Banking moves beyond payments
PayPoint believes Open Banking is evolving beyond payment initiation into a broader financial intelligence layer supporting lending, affordability assessments, collections, fraud prevention, and customer engagement.
Following the acquisition, AperiData plans to continue expanding solutions focused on:
- Affordability assessments
- Credit decisioning
- Financial vulnerability identification
- Customer support tools
- Open Data analytics
- Financial inclusion initiatives
The company says richer, real-time financial information can help organizations replace traditional assessment models with more accurate and transparent decision-making.
Strengthening financial services strategy
The acquisition forms part of PayPoint’s broader strategy to diversify beyond payments by combining Open Banking, financial data, and analytics into a more comprehensive financial services platform.
As adoption of Open Finance continues to grow, the company believes integrating payments with real-time financial intelligence will create new opportunities for lenders, utilities, businesses, and public sector organizations.
About PayPoint
PayPoint is a UK-based payments and commerce technology company providing payment processing, Open Banking, retail services, and digital financial infrastructure for businesses, consumers, and public sector organizations.
About AperiData
AperiData is a UK fintech specializing in Open Banking and transaction-level financial data. The company develops affordability assessment, customer insight, and financial intelligence solutions that help organizations make faster and more informed financial decisions.
