Neonomics & Ping Payments to expand open banking services across the Nordics

By Gloria Mathias

Neonomics, an open banking technology company, has announced its new partnership with Ping Payments, a Swedish payment provider specialising in payment solutions for platforms, SaaS businesses, and marketplaces.

The new partnership will enhance Ping Payments’ capabilities in account-to-account payments, identity verification, and compliance within the Nordic region.

The joint effort will see Neonomics manage end-user consents and account-to-account payments for Ping Payments, supporting open banking-powered identity verification, which, when combined with account-to-account payments, will strengthen value by fulfilling a need to validate recipients of pay-outs in several segments.

Furthermore, Ping Payments will benefit from Neonomics’ broad connections to banks across Norway, Denmark, and Finland, using the capabilities of the robust open banking API platforms available in the market.

Petter Sehlin, CEO at Ping Payments, said, “Reach, market insight and technical viability were paramount in our selection of a partner for expanding our services. Neonomics has consistently demonstrated high quality throughout our relationship, and we are excited to expand our offering outside of Sweden across the Nordics with Neonomics.”

Working together, the two companies aim to expand the footprint of secure, seamless financial transactions across the Nordic region and are strategically positioned to broaden their influence throughout the Nordic financial sector.

With the fusion of Neonomics’ technical acumen and Ping Payment’s customer-centric payment solutions, the companies aim to provide a payment ecosystem that’s larger in scope and dedicated to user experience, security, and regulatory compliance.

Founder and CEO of Neonomics Christoffer Andvig said, “Our goal is to empower companies like Ping Payments with advanced tools to navigate customer identification complexities with ease and security. With our advanced account verification solutions designed to mitigate risks and safeguard transactions, we will together strengthen payment and compliance processes across all customer touchpoints, bringing a future where transactions are inherently secure and seamless for all participants in the Nordic markets.”