Neonomics and Bankify team up to boost PFM microservices offering

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Nordic FinTech Bankify today entered into a partnership with Neonomics in a bid to offer enhanced personal financial management services to clients with the help of open banking. The collaboration is expected to enable Bankify to comply with PSD2 regulations and offer instant access to banks and other TPPs via one unified API. Neonomics’ customers will also gain access to the FinTech’s PFM microservices comprising of features such as gamified savings, secure group payments, and personalised content.

Roar Alme, Chief Commercial Officer of Neonomics, commented, “During our discussions, Bankify demonstrated a keen understanding of the challenges facing the banking industry today during its radical transition into the era of PSD2 and open banking. Their client is always in prime focus, therefore Bankify were searching for a simplified method to offer their PFM microservices in a faster and more cost-efficient manner. Fortunately, they have found the solution in Neonomics.”

Oslo headquartered Neonomics offers global banking coverage of over 2000 banks to financial institutions and Third-Party Providers (TPPs) through one unified API. It is authorized by the Norwegian FSA as a licensed payment institution.

Antti Tarakkamäki – Managing Partner & Co-Founder of Bankify said, “Via this partnership, we can add value to our joint clients, who are looking for ready use cases to boost their financial applications with open banking included.” He continues: “API driven embedded finance app solutions are a game-changing opportunity for incumbent and challenger players in the industry.”

Recently, Neonomics entered into a partnership with Norwegian FinTech Lendonomy in a bid to enable the latter’s clients to lend and borrow small amounts of money to and from each other with payments powered by the supplier’s open banking API.