Digital real estate investment platform Oblinor has turned to open banking solutions provider Neonomics to streamline and enhance the deposit experience. Oblinor, founded in 2018 and headquartered in Norway, has integrated Neonomics’ checkout offering, which will facilitate a faster, more secure process for investors when they deposit funds for their accounts.
“We’re excited to integrate open banking into our platform,” Oblinor Lead Engineer Christopher Maxwell said. “Neonomics has made the transition smooth and effortless, allowing us to offer a faster, more secure, and incredibly user-friendly way to fund investments. This is just the beginning, and we’re excited about the potential to continue driving innovation in financial services alongside Neonomics.”
Oblinor enables individuals to invest in loans to Norwegian property companies and to build a portfolio of secured property loans. Its partnership with Neonomics will enhance the deposit experience by instantly populating details such as account numbers, amounts, and KID numbers, reducing the amount of manual work typically required to enter transaction data. In addition to accelerating the deposit experience, the partnership with Neonomics will provide greater security and less risk of fraud, as well.
“Neonomics is a perfect fit for what Oblinor is building,” Neonomics CEO Christopher Andvig said. “By integrating open banking, we’re adding real value for their users–making it easier, more secure, and more efficient to invest. As the potential of open banking continues to grow, we’re excited to see what’s next in this partnership.”
Founded in 2017, Neonomics made its Finovate debut at FinovateEurope 2020 in Berlin. At the event, the Norway-based fintech showed how its technology can be used to facilitate instant payments and bank transfers directly from an app or website. Today, the company unifies access to more than 2,500 banks and 150 million bank customers across Europe. A licensed payments institution authorized by the Norwegian FSA, Neonomics provides payments initiation and account information services for customers ranging from banks to fintechs to payment service providers and more.
Earlier this month, Neonomics introduced new Head of Growth and Interim Country Manager for Finland, Panu Poutanen. Most recently, Poutanen was General Manager of Finland for European cloud-based payment services provider Viva.com. In August, Neonomics announced a partnership with charitable giving platform company Støtte. The company will leverage Neonomics’ open banking technology to facilitate account-to-account payments for its micro-donation offering.
Photo by Oliver Cole on Unsplash
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Open banking solutions provider Neonomics is streamlining and enhancing the deposit experience for customers of Oblinor.
Oblinor offers a digital real estate investment platform that enables users to build a portfolio of secured property loans.
Based in Oslo, Norway, Neonomics made its Finovate debut at FinovateEurope 2020 in Berlin, Germany.
The partnership between Neonomics and Oblinor highlights the importance of open banking in transforming financial services. By leveraging open banking technology, Oblinor is able to provide its users with a faster, more secure, and efficient way to invest in loans to Norwegian property companies. This collaboration between two innovative fintech companies is set to pave the way for further advancements in the industry.
With Neonomics’ expertise in open banking and Oblinor’s focus on real estate investment, the future looks bright for investors looking to diversify their portfolios. The integration of Neonomics’ checkout offering into Oblinor’s platform demonstrates a commitment to delivering cutting-edge solutions to meet the evolving needs of investors.
As Neonomics continues to expand its reach across Europe and beyond, its partnership with Oblinor serves as a testament to the transformative power of open banking in driving innovation in financial services. Together, these two companies are reshaping the way individuals invest in real estate, paving the way for a more accessible and seamless investment experience.
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