Money20/20: Say hello to Open Banking 2.0

Neonomics
September 27, 2021
August 14, 2023
2 min

Addressing conversion, transactional costs, time-to-market, overall complexity and who does what in the industry were among the key discussions had.

What was surprising for many to hear was that due to Neonomics unifying the SCA process, our conversion rate is between 30-40% higher than the numbers posted by our competitors and 13% higher than recent reports on card payments conversion with SCA. – Christoffer Andvig, CEO of Neonomics

With AIS and PIS calls growing steadily, the industry is starting to see points of differentiation that may have been more difficult to see prior to the pandemic. There is a technical disparity in the quality of the open banking tech stacks that are out there and as more stakeholders invest and leverage services in the space this differentiation will become increasingly evident. – Elise Kirkhus, COO of Neonomics.

Latest insights

News & Press

Your Brand, Your Checkout: Discover Neonomics’ White Label Open Banking Checkout

Now you can have your brand front and centre at the checkout, with added Open Banking.
Tammy Gobel
July 16, 2024
4 minutes
What is Open Banking?

What makes pay by bank safe? A guide

Learn what pay by bank is and what makes it safer than other traditional payment methods when shopping online.
Neonomics
June 7, 2024
4 minutes
What is Open Banking?

Understanding Open Banking Security: What Makes It Safe?

Learn about the security measures in open banking, highlighting stringent protocols and benefits for businesses and end-users.
Neonomics
June 6, 2024
5 minutes
Intrigued? Let’s talk!

Open banking changed our lives, can it change yours?

Money20/20: Say hello to Open Banking 2.0

Addressing conversion, transactional costs, time-to-market, overall complexity and who does what in the industry were among the key discussions had.

What was surprising for many to hear was that due to Neonomics unifying the SCA process, our conversion rate is between 30-40% higher than the numbers posted by our competitors and 13% higher than recent reports on card payments conversion with SCA. – Christoffer Andvig, CEO of Neonomics

With AIS and PIS calls growing steadily, the industry is starting to see points of differentiation that may have been more difficult to see prior to the pandemic. There is a technical disparity in the quality of the open banking tech stacks that are out there and as more stakeholders invest and leverage services in the space this differentiation will become increasingly evident. – Elise Kirkhus, COO of Neonomics.

Share this post

You may also like

Don't miss out!

Subscribe to our monthly newsletter and get the latest updates straight to your inbox.

By entering your email you agree to receive Neonomics' marketing content.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Curious if your business could benefit from open banking?

Our friendly team is always here to chat - book a meeting with our Sales Team or send us a contact form.

Let's Talk
Join our newsletter ✨
Want to know what we're up to? Get our newsletter. No spam ever.
Thanks for signing up!
We'll keep you posted on the latest insights.
Oops! Something went wrong while submitting the form.
Neonomics AS is licensed as a Payment Institution (PI), Payment Initiation Service Provider (PISP) and Account Information Service Provider (AISP), issued by the Norwegian Financial Supervisory Authority (Finanstilsynet) passported across the EU.