Neonomics and Kredinor partner to expand debt management services

By Joy Dumasia

Kredinor, one of Norway’s largest providers of debt management services, has selected Neonomics to deliver more efficient payments and financial data services through open banking.

Kredinor will offer end-users the ability to directly complete payments from the security of their bank accounts simply and conveniently. Additionally, the partnership sets the foundation for the two companies to collaborate in developing financial data products that can enhance the way Kredinor’s thousands of customers can better manage their debt collection needs in the future.

Klaus Anders Nysteen, CEO of Kredinor, said: “At Kredinor, customers and their needs are our most important priority. We at Kredinor know the debt collection craft, but that alone is not enough. That’s why we need partners like Neonomics, who can develop innovative solutions that deliver on our customer needs before they themselves know they need it. Simplification around payments is one of the most important things we can prioritize, and Neonomics is known for having one of the strongest and most robust API platforms for banks in the Nordic.”

Account-to-account payments are strongly positioned to be the preferred payment option when it comes to debt collections by providing simplification with fewer payment steps and greater security through BankID. By merging account-to-account payments with transaction data, Kredinor will be able to more readily monitor and strengthen the way it manages end-user engagement enabling the development of tailor-made services for its growing customer base.

Christoffer Andvig, CEO of Neonomics, added: “We are proud to work closely with Kredinor to make account-to-account payments the de-facto choice in the debt collections space. By creating much more efficient payments both in respect to cost and user experience, we remove some of the unnecessary friction, enabling more streamlined and effective customer interactions for Kredinor and their customers. By embedding financial services, we create dynamic ways of enhancing customer experiences at a fraction of the cost, which is a win for customers and users alike.”

IBS Intelligence recently reported that Banqsoft, a provider of digital banking solutions with customers in more than 30 countries worldwide, has signed a strategic partnership with Neonomics to leverage the power of open banking to expand its payments and data enhancement offerings.