Neonomics, a Nordic open banking provider, has expanded the launch of their core open banking driven Checkout solution to the Danish market.
This payment solution makes it easy for any business “to get started with account-to-account payments through a frictionless front-end user interface, delivering higher conversion rates than card and other digital payment methods, at a fraction of the cost.”
Nils Christian Roscher-Nielsen, Head of Product at Neonomics, said:
“We have had our Checkout product available in the Norwegian and Finnish market over the past year and we have seen some incredible results, so we’re pleased to be rolling this out to Denmark too, an important market of ours. With our payment solution, any business can now easily leverage open banking to enhance their payment experience. When building this, we focused on keeping all the benefits of open banking, such as security and cost-efficiency, and combine it with a game changing design-driven user experience.”
As businesses seek to escape continuously climbing card fees, they’re “seeing them turn to open banking payments.”
However, the complex integration and inefficient user interfaces of early open banking solutions “have slowed adoption.”
Neonomics Checkout “resolves these issues by providing an easy-to-use product that is swift to implement, maintenance-free, and everything we’ve seen users look for when paying online.”
Neonomics Checkout is already “available in Norway and Finland, with now the addition of Denmark.”
The Checkout solution will be “made widely available across the Nordics in the coming months through Neonomics’ unified API and comprehensive consumer bank coverage.”
As noted in the update, Neonomics is “an open banking disruptor unifying access to over 2500 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.”
Authorized 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.”