Neonomics joins forces with Banqsoft to expand payments through Open Banking

By Joy Dumasia

Banqsoft, a leading 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.

The partnership will see Banqsoft integrating with Neonomics to expedite their customers’ ability to introduce and roll out innovative account-to-account payments, which can increase efficiency with respect to cost and user experience.

Terje Kjøs, CEO of Banqsoft, said: “We strongly believe in the long-term value of investing in open banking and open finance and the positive impact this will have on our customers. Working together with Neonomics, we can leverage their expertise in this rapidly growing area to further strengthen our core focus on digital transformation.” 

The two companies will jointly promote the offering to existing and new customers to showcase how account-to-account payments can further validate the efficiencies gained through open banking. In addition to this, they will work jointly on developing a suite of data solutions that will further strengthen Banqsoft’s existing portfolio of products targeting financial service providers.

Christoffer Andvig, CEO of Neonomics, said: “We are excited to partner with such an established leader in digital banking technology, and with Banqsoft’s forward-leaning approach to open finance, we are confident that we have a winning proposition to continue delivering the next generation of financial services to an even larger and more diverse customer base.”

IBS Intelligence reported that Axactor, one of Europe’s debt management providers, has selected Neonomics unified API platform, starting with the Norwegian market, to further strengthen its next-generation approach to debt collection by simplifying and streamlining how consumers manage their payments and financial data.