Huawei partners with Open Banking FinTech Neonomics

By Joy Dumasia

Huawei continues to identify new routes for innovation in the financial services industry; it has announced plans to enable Open Banking services on AppGallery through a new partnership with Neonomics, the pure API platform provider.

The partnership will boost AppGallery’s vision of driving innovation and providing better financial services to partners and customers: bringing digital financial services to every person, every home, and every organisation, for a healthy financial life through industry partnerships.

Huawei, alongside Neonomics, has begun testing several Open Banking features across payments and data services with selected partners in the Nordics, preparing to extend this opportunity to partners across Europe. For AppGallery users in Europe, the partnership promises to provide enhanced financial services across different apps. Developers will now have access to the tools they need to connect customers to their bank accounts within each app, enabling faster, more secure, account-to-account payments and more.

Huawei believes Open Banking is key to supporting the continued growth of AppGallery and the broader financial services industry while supporting its vision of driving innovation and providing better financial services to partners and customers. Huawei believes Open Banking is key to supporting the continued growth of AppGallery and the broader financial services industry while supporting its vision of driving innovation and providing better financial services to partners and customers. Applying Open Banking technology to an app is also expected to reduce costs, benefitting developers and their customers.

Christoffer Andvig, CEO of Neonomics, said: “We are proud to work with Huawei, which is investing heavily in powering the future of financial services. We have a shared belief in customer centricity and collaboration and, with our technical infrastructure at the core of the value proposition, this partnership strengthens our growth across Europe and into other key markets. We believe we now have all the building blocks in place to offer a growing customer base a more efficient means of maximising the next generation of Open Banking services.”