Neonomics, Bislab join forces to launch embedded finance product

By Gloria Methri

Neonomics has partnered with data enrichment innovator Bislab to launch a suite of embedded finance solutions, that address the pain points experienced by financial institutions, credit management and insurance companies.

Both companies have previously developed stand-alone products within embedded finance and will now merge their offering, strengthening the accuracy of this next-generation joint product. Bislab was formed in 2022 to leverage ‘an agility gap’ in delivering data-driven services to the market.

Speaking on the partnership, Founder and CEO of Bislab Martin Holten said, “We saw first-hand how blending different publicly available datasets could contribute to more effective decision-making when it came to credit risk analysis, but that was just the tip of the iceberg. Together with Neonomics, we will take this to another level, significantly expanding our ability to provide real-time insights to a much broader market.”

Among those offerings is an enhanced credit risk tool that can easily be leveraged by both financial and non-financial companies to deliver more dynamic assessments and reduce dependency on outdated datasets and manual processes.

“The market for real-time financial data analytics has evolved significantly in the last 18 months, with existing solutions showing promise while leaving room for improvement. At the same time, we are witnessing a rising interest across various industries in harnessing the power of these insights. Together with Bislab, we are excited to blend our expertise to offer a unique set of services to both existing and new customers,” said CEO of Neonomics Christoffer Andvig.

The two companies aim to host a product demonstration before the summer, pending approval from the Norwegian Financial Supervisory Authority. The partnership has already secured a list of existing customers across multiple target segments confirming interest in the upcoming launch.