Banqsoft, a major supplier of digital banking solutions has announced an alliance with Neonomics to broaden its payments and data optimization capabilities by using the potential of open banking.
Terje Kjøs, CEO Banqsoft, stated, “We strongly believe in the long-term value of investing in open banking and open finance and the positive impact this will have on our customers. Working together with Neonomics, we can leverage their expertise in this rapidly growing area to further strengthen our core focus on digital transformation.”
Banqsoft will interact with Neonomics as part of the agreement to facilitate its clients to make and scale-out novel account-to-account payments, that can boost productivity in terms of price and customer experience.
Christoffer Andvig, CEO of Neonomics, commented, “We are excited to partner with such an established leader in digital banking technology, and with Banqsoft’s forward-leaning approach to open finance, we are confident that we have a winning proposition to continue delivering the next generation of financial services to an even larger and more diverse customer base.”
Both organizations will work together to advertise the service to current and prospective customers, demonstrating how account-to-account payments may help to prove the benefits of open banking. Furthermore, they will collaborate on the establishment of a package of data solutions that will complement Banqsoft’s current array of products for financial institutions.