Neonomics and Axactor harness open banking to power next generation debt management services

Axactor, one of Europe’s largest debt management providers has selected Neonomics unified API platform, starting with the Norwegian market, to further strengthen its next-generation approach to debt-collection by simplifying and streamlining the way in which consumers manage their payments and financial data.

Digitalizing the way in which companies across Europe insure they receive payment for services rendered has been Axactor’s key focus since its founding in 2015. Developing and implementing innovation in this manner has seen the company become one of the fastest growing debt management providers in Europe. Through this partnership, Neonomics enables an end user to connect their bank accounts and initiate payments directly through Axactor’s platform and complete repayments within the security architecture of the consumers’ bank. Reducing complexity for consumers and costs for businesses.

Speaking on the collaboration, Arnt André Dullum Chief Operating Officer at Axactor said:
We believe open banking will transform the way we look at cost-efficiency within our industry, benefiting both businesses and consumers. In Neonomics we have found a partner that can support us to ensure consumers have a secure and easy to understand experience