19.01.2023 - OSLO, NORWAY – KapitalKontroll, an innovative Norwegian provider of debt management and collection services has partnered with Neonomics to launch a fully automated debt collection system that manages all payments through Neonomics open banking platform, enabling increased efficiency and security for its customers who include an extensive list of Norwegian municipalities and both small and large businesses across the country.
As much as 40 percent of the Norwegian collection debt of NOK 115 billion kroner, is of fees and interest. For KapitalKontroll's large customers, fees and interest amount to only 4 percent, as their core focus has been on delivering a more efficient operating model. Municipalities across Norway benefit through KapitalKontroll’s low-fee model, and now will also be able to offer end users the ability to directly complete payments from their own bank accounts in a secure and user-friendly way.
Kristoffer Årvik, CEO of KapitalKontroll says:
"We are excited to work with Neonomics to enable fast, secure and user-friendly payments for our customers and end users. We look forward to working closely together to deliver and further develop innovations within this space thanks to Neonomics mix of technical performance, cost and support”
Account-to-account payments are an ideal payment method for debt management service providers because of it ́s efficiency and security both for merchants needing collection services and for end users completing payments.
Speaking on behalf of Neonomics, CEO Christoffer Andvig said:
“We are pleased to beworking closely with KapitalKontroll to help further evolve the great work they’re doing in thedebt management space. The combination of KapitalKontroll’s operating model and our open banking solution will help drive efficiencies across the business benefiting every stakeholder in the value chain.”
KapitalKontroll is a Norwegian System as a Service (SaaS) company that provides a fully automatic solution forinhouse-debt-collection for municipalities and both small and big companies. KapitalKontroll ́s ultimate goal is no poverty, and the founders believe that our system will make a difference. The company started in 2003 and even at that time our debt collection system was cloud-based. The company has its own developers in Oslo and both the system, and the IT-security holds a very high standard. For more information about KapitaKontroll visit at www.kapitalkontroll.no
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 alicensed 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. For more information about Neonomics visit at www.neonomics.io
Media Contact Details:
Tammy Gobel, Marketing @ Neonomics