back Back

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

By Gloria Mathias

December 20, 2023

  • Account to Account Payments
  • API
  • Denmark

Neonomics, Ping payments, Fintech News, Ireland, Norway, Finland, open banking Fintech UK, Payments solutions, Payments, API, London, Oslo,   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.”

Previous Article

December 20, 2023

BCFC & Codebase Technologies launch credit & lending app ‘Sahel’, supported by Atyaf eSolutions

Read More
Next Article

December 20, 2023

JCB International & Worldpay from FIS to enable contactless payments for UK merchants

Read More

IBSi Daily News Analysis

South East Asia

February 28, 2024

Account to Account Payments

FinTech penetration in Southeast Asia will double by 2027, research reveals

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

February 29, 2024

Volt secures EMI licence to offer e-money accounts in the UK

Read More

February 29, 2024

BKN301 brings White-Label BaaS solutions to FinTechs & banks in MENA

Read More

February 29, 2024

Checkbook and Visa partner to enhance instant payment access

Read More

Related Reports

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

IBSi Sales League Table

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