Neonomics partners with Zavann to simplify billing using Open Banking

By Joy Dumasia

Neonomics, a leading open banking platform, has partnered with Zavann, a Swedish based software as a service (SaaS) company owned by EG providing a range of data-driven offerings for electricity suppliers across Sweden; the partnership will simplify how consumers pay their electricity bills.

Zavann has integrated Neonomics’ pure unified PSD2 payments API to launch integrated open banking payments, enabling customers to manage their electricity bills more efficiently in one secure place. Upon receiving an invoice, customers are notified via SMS with a link to settle the invoice directly and securely without revert to their banking apps. Zavann’s SaaS platform, Gasell, was developed to serve as a secure ecosystem for energy suppliers to manage consumer data more efficiently.

Claes Nilsson, the Director of Sales and Marketing at Zavann, said: “We chose Neonomics because their pure unified PSD2 payments API provided the most secure and stable means of enabling account to account payments after reviewing multiple other providers in the market. With Neonomics, we are enhancing the service we offer our customers, the energy suppliers and sub-suppliers, while also providing a much better user experience for our customers’ customers, enabling savings for everyone on every payment.”

Christoffer Andvig, CEO of Neonomics, said: “Zavann is focused on improving the way in which consumers interact with energy suppliers, where there is a clear demand for more seamless and cost-efficient payments. By tapping the power of Neonomics open banking platform, we are enabling Gasell to become a much more versatile offering creating a win-win for both parties.”

IBS Intelligence reported that Neonomics and Experian have teamed up to offer lenders up-to-date credit information by classifying raw transactional data into predefined categories of income and expenditure. The collaboration will boost Experian’s Open Data strategy, thus enabling lenders to improve their decision-making processes and user experiences for the effective management of portfolios.