back Back

Neonomics launches Open Banking-powered Checkout in Finland

By Gloria Methri

February 07, 2023

  • Account-to-Account Payments Platform
  • Checkout Solution
  • Europe
Share

Neonomics, Open Banking, Norway, FinTechNeonomics has expanded the launch of its new open banking-powered Checkout solution to Finland. The solution provides seamless account-to-account payments via a front-end user interface enabling higher conversion rates than card payments at a lower cost.

“Our new Checkout product is truly what’s going to take open banking to the next level,” said Nils Christian Roscher-Nielsen, Head of Product at Neonomics. “Now any business can easily leverage open banking in their payment experience by simply adding it to your payment options using just a few lines of code. Our focus with this product was to keep all the benefits of open banking; security, and low cost and combine it with the ultimate design-driven user experience. This will be a game changer for businesses and end-users.”

According to Neonomics, businesses are increasingly turning to open banking payments to escape exorbitant card fees. However, the complex integration and inefficient user interfaces of early iterations have slowed adoption. Neonomics Checkout aims to resolve these issues by providing an easy-to-use plug-and-play product that is swift to implement, maintenance-free, and fast for users.

Ecommerce providers and their customers can take advantage of the benefits account-to-account payments have to offer – including lower transaction costs, fewer intermediaries, faster settlement, and tighter security than other leading forms of payments.

Founded and headquartered in Oslo, Norway in 2017, Neonomics is authorized by the Norwegian FSA as a licensed payment institution. It delivers payment initiation and account information services to a wide range of customers spanning FinTechs, payment service providers, banks, and more. The open banking disruptor unifies access to over 2500 banks and 150 million bank customers across Europe via a secure and cost-efficient pure PSD2 API platform.

Previous Article

February 07, 2023

Fintech Buddy Saudi Arabia and Riad & Riad Law Firm collaborate to empower FinTechs

Read More
Next Article

February 07, 2023

Freedom Finance adds 22 products to Digital Lending marketplace

Read More






IBSi Daily News Analysis

June 21, 2024

Account-to-Account Payments Platform

Industry experts react after India FIU fines Binance $2.2m, signaling tougher digital asset regulations

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 21, 2024

MECCA & Adyen to offer a seamless payments experience in Australia

Read More

June 21, 2024

Vipps, MobilePay launch cross-border P2P payments in the Nordics

Read More

June 21, 2024

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023