Facit Bank taps Neonomics to streamline invoice payments

By Gloria Methri

Facit Bank, a digital-first bank specialising in deposits and consumer loans to private customers, has partnered with Neonomics to introduce open banking into its invoicing and payments.

Facit Bank is an internet bank, which currently offers unsecured consumer loans to private customers. As a digital-only bank, it can provide competitive loan rates and ensure a seamless, fully digital customer experience for its customers and partners.

“Being a digital-only bank, we are continuously seeking innovative solutions to deliver a great experience for our customers,” said Christer Nilsson, CEO of Facit Bank Norway. “By launching Neonomics’ highly cost-efficient payment services through Link Mobility’s Mobile Invoice, we make it even easier for our consumers to pay while creating savings on every transaction.”

With the implementation of Neonomics’s open banking Checkout, Facit Bank’s customers can now enjoy the convenience of making payments directly from their bank. With the addition of Pay Date, customers will also be able to schedule invoice payments in advance, significantly reducing the number of late payments and fees while providing an added layer of convenience and security as they will be coming directly from their bank.

Christoffer Andvig, CEO of Neonomics, added, “Facit Bank is a forward-thinking bank, and we are pleased that they have chosen Neonomics as a partner to implement our Pay by Bank solution. This solution is designed to enhance the user experience for customers, making it more convenient to make and schedule payments when needed.”

Neonomics is an open banking disruptor that unifies access to over 2,500 banks and 150 million bank customers across Europe. Headquartered in Oslo, Norway, the company currently has a growing highly technical team representing 25 different nationalities, with close to 40% being female. Authorised by the Norwegian FSA as a licensed payment institution, the company delivers payment initiation and account information services to a wide range of customers spanning FinTechs, payment service providers, banks and more.