Neonomics to boost Bill Kill app’s financial offerings

By Megha Bhattacharya

Oslo-based FinTech Neonomics today announced a partnership with Bill Kill app in a bid to enable the latter to launch account payment AISP and PISP to users via their app. Bill Kill aims to enable users to obtain a better understanding of their own personal finances and keep track of all their payment responsibilities in order to avoid unnecessary debt and fees.

CEO and founder Christoffer Andvig announced his support for the partnership, “As a future-focused company ourselves, Bill Kill’s mission to improve the financial outlook for the youth of today worked in perfect synergy with our goal of improving products and services in the financial industry as a whole. We are pleased to confirm that they are now able to elevate their offering to their users, supporting solid and secure payments as facilitated by Neonomics.”

Neonomics stated that anyone in Norway in possession of a BankID (from age 16+) can utilize the app. It aims to expand first to the rest of the Nordics and later to the whole of Europe.

The Bill Kill app consolidates all payment obligations into one place, allowing for an overview and control of expenses.

“We already possessed a separate payment license from Finanstilsynet, therefore it would have been a simple process for us to extend our license.” said CEO and Co-founder of Bill Kill, Sonni Christine Jakobsen. “Ultimately, we decided not to extend the license in favour of a partnership with Neonomics – saving us a great deal of time, money and additional legal obligations.”

Recently, Nordic FinTech Bankify entered into a partnership with Neonomics in a bid to offer enhanced personal financial management services to clients with the help of open banking. The collaboration is expected to enable Bankify to comply with PSD2 regulations and offer instant access to banks and other TPPs via one unified API. Neonomics’ customers will also gain access to the FinTech’s PFM microservices comprising of features such as gamified savings, secure group payments, and personalised content.