Minna Technologies partners with Norwegian SpareBank 1

The new partnership between Minna Technologies and SpareBank1 enables SpareBank1’s customers to easily cancel their unwanted subscriptions.

Minna Technologies has entered into a partnership with the Norwegian banking alliance SpareBank 1 – the second-largest financial institution in Norway. As a result of the new partnership, SpareBank1’s customers will soon be able to cancel subscriptions directly from the bank’s mobile app – such as streaming services, gym memberships, mobile contracts, and more.

On average, Nordic consumers have between 8 and 12 subscriptions, and the vast majority of them find canceling unwanted subscriptions difficult and time-consuming. In a recent survey conducted by Cicero Consulting, subscription management was the second most requested functionality among consumers. SpareBank1 has decided to address this highly-requested feature from its customers by partnering with Minna Technologies.

“We believe in open innovation and collaboration, and are confident that Minna Technologies will help increase value to our customers. We will continue innovating and introducing new features to our customers in order to make everyday finances easier to manage,” says Christian Fjestad, Head of Innovation in SpareBank 1 Østlandet.

The decision from SpareBank1 to focus on subscription management as a prioritized PFM feature has been celebrated by Minna Technologies. “We are extremely proud to be partnering with SpareBank1. They are fast-moving, innovative, and similar to Minna Technologies in their ways of working, so we believe that we will create great value for Norwegian customers,” says Fredrik Norén, Country Manager at Minna Technologies.

In the first release, Minna Technologies service will be made available to customers of Sparebank 1 Østlandet, and customers of the remaining banks in the alliance will be able to access the service shortly after. Once the service is released, Minna Technologies and SpareBank 1 will continue to work together to explore additional innovation opportunities and the possibility of launching new features that will benefit Norwegian consumers. 

“The partnership with Minna Technologies is a strategic decision. By combining our own efforts with the knowledge and good work of Minna Technologies, we allow our customers to regain control of their recurring costs as well as to save money. Minna Technologies is an expert within their field and used to working with banks, so we are confident that our partnership will be fruitful and beneficial for our customers,” says Thomas Allan Nygaard SpareBank 1 Utvikling (the SpareBank 1 alliance’s development company).