According to FF News, Facit Bank intends to reduce late payments and costs while streamlining transactions and providing clients with greater convenience when paying bills and scheduling payments by utilizing Neonomics' payment services.

Neonomics' open banking Checkout will be implemented by Facit Bank as a result of the cooperation, enabling its clients to send money directly from their bank accounts. The goal of this connection is to make the invoicing and payment process for users more efficient.

Customers of Facit Bank will also be able to plan invoice payments in advance with the use of the "Pay Date" tool.

This function increases convenience and security while also lowering the possibility of late payments.

Facit Bank will include Neonomics' payment solutions using Link Mobility's Mobile Invoice to enable mobile payments, greatly streamlining the payment process. Every transaction should result in savings as a result of this activity, helping the bank as well as its clients.

Facit Bank is a digital-only bank that specializes in providing very low interest rates on personal loans, savings, and consumer loans. The bank's digital-first strategy enables it to provide partners and clients with effective, entirely digital services.

Conversely, Neonomics is a Norwegian business that specializes in offering open banking solutions. The company offers a range of payment services aimed at streamlining financial procedures and enhancing client experiences, with a primary focus on facilitating safe, direct transfers from bank accounts.

Christer Nilsson, CEO of Facit Bank, made the following statement on the collaboration: "As a digital-only bank, we're constantly looking for creative ways to provide our clients a fantastic experience. Through the introduction of Neonomics' incredibly economical payment services via Link Mobility's Mobile Invoice, we further simplify the payment process for our customers while generating savings on each transaction.

"We're happy that Facilitt Bank has selected Neonomics as a partner to implement our Pay by Bank solution, which is designed to enhance the user experience for customers and make it more convenient to make and schedule payments when needed," Neonomics CEO Christoffer Andvig continued. "Facit Bank is a forward-thinking bank."