Neonomics and Facit Bank partner to streamline invoice payments with Open Banking

Facit Bank, a digital first bank specialising in deposits and consumer loans to private customers, has announced a partnership with Neonomics to introduce Open Banking to invoicing and payments. 

Christoffer Andvig, chief executive officer of Neonomics, will reveal learnings when he speaks at Open Banking Expo UK & Europe next week, about ‘Nordic vs. UK banking innovations: A two-way street of learning – exploring account-to-account banking, open landscape trends, and VRP advances’.

Neonomics chief executive officer Christoffer Andvig

As a digital-only bank, Facit Bank is able to offer highly competitive loan rates and ensure a seamless, fully-digital customer experience, and has focused on finding the most efficient means of delivering services to its customers and partners.

“Being a digital-only bank, we’re continuously seeking innovative solutions to deliver a great experience for our customers,” said Christer Nilsson, chief executive officer of Facit Bank Norway. “By launching Neonomics highly cost-efficient payments services, through Link Mobility’s Mobile Invoice, we make it even easier for our consumers to pay, while creating savings on every transaction.”

With the implementation of Neonomics’s Open Banking checkout, Facit Bank’s customers can now enjoy the convenience of making payments directly from their bank. With the addition of Pay Date, customers will also be able to schedule payments of invoices, in advance, significantly reducing the number of late payments and fees, while providing an added layer of convenience and security as it will be coming directly from their bank.

Andvig added: “Facit Bank is a forward-thinking bank, and we’re pleased that they have chosen Neonomics as a partner to implement our Pay by Bank solution which is designed to enhance the user experience for customers, making it more convenient to make and schedule payments when needed.”

‍Facit Bank is an internet bank, which currently offers unsecured consumer loans to private customers. Facit Bank Norway is a branch of the Danish bank Facit Bank A/S.

Neonomics is an Open Banking disruptor unifying access to over 2,500 banks and 150 million bank customers across Europe via one of the most secure and cost-efficient pure PSD2 API platforms in the market. Founded and headquartered in Oslo, Norway in 2017, the company currently has a growing, highly technical team, representing 25 different nationalities with close to 40% being female. 

Authorised by the Norwegian FSA as a licensed payment institution, the company is delivering payments initiation and account information services to a wide range of customers spanning fintechs, payment service providers, banks and more. 

Neonomics will be speaking and exhibiting (stand G10) at Open Banking Expo in London 15-16 October 2024.

Neonomics is an event partner of Open Banking Expo UK and Europe, taking place at the Business Design Centre in London on 15-16 October. Click here to find out more about attending, exhibiting and sponsoring.