Ping Payments Partners with Open Banking Innovator Neonomics

Fee supplier Ping Funds has cast a partnership with open banking know-how firm Neonomics.

Through the partnership, Neonomics will handle end-user consents and account-to-account funds for Ping Funds.

Neonomics made its Finovate debut at FinovateEurope 2020 in Berlin. The corporate is headquartered in Oslo, Norway.

Ping Funds has introduced a partnership with open banking know-how firm Neonomics. The Swedish cost supplier will leverage its new relationship with Neonomics to reinforce its account-to-account cost capabilities, id verification, and compliance operations.

“Attain, market perception, and technical viability have been paramount in our number of a associate for increasing our providers,” Ping Funds CEO Petter Sehlin stated. “Neonomics has constantly demonstrated prime quality all through our relationship, and we’re excited to increase our providing outdoors of Sweden throughout the Nordics with Neonomics.”

Courtesy of the partnership, Neonomics will handle end-user consents and account-to-account (A2A) funds for Ping Funds. Moreover, the partnership will characteristic open banking powered id verification, a big value-add when mixed with account-to-account cost performance. A specialist in offering cost options for platforms, SaaS firms, and marketplaces, Ping Funds will achieve from Neonomics connections to Nordic-area banks, leveraging the corporate’s open banking API platform to succeed in FIs in Norway, Denmark, and Finland.

Neonomics founder and CEO Christoffer Andvig spoke to this facet of the partnership in his feedback. Andvig stated, “With our superior account verification options designed to mitigate dangers and safeguard transactions, we’ll collectively strengthen cost and compliance processes throughout all buyer touchpoints – bringing a future the place transactions are inherently safe and seamless for all individuals within the Nordic markets.”

Neonomics made its Finovate debut at FinovateEurope 2020 in Berlin, Germany. On the convention, the corporate demoed its know-how that allows customers to set off on the spot funds and transfers from their financial institution, immediately from an app or web site.

Neonomics’ partnership information with Ping Funds comes simply weeks after the corporate introduced one other collaboration, this time with Carbon Centrum. The purpose of this partnership is to leverage open banking to assist scale back carbon emissions. Additionally this yr, Neononics introduced that it was working with BetterNow to make use of open banking to reinforce digital fundraising.

Each Ping Funds and Neonomics have been based in 2017. Ping Funds is predicated in Örebro, Sweden. Neonomics is predicated in Oslo, Norway.

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Picture by pichet wong

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