22.10.2024- OSLO, NORWAY- Neonomics, a leading open banking provider, has teamed up with Frid, a personal finance management (PFM) app, to pilot real-time categorized transaction data for consumers. By leveraging Neonomics’ open banking technology and Bislab’s data enrichment expertise, Frid’s users will benefit from automated transaction categorization, offering clearer insights into their spending habits and financial health and ensuring highly accurate and seamless transaction tracking.

“Partnering with Neonomics marks a major leap in enhancing the financial experience for our users,” said Espen Ellevseth, Co-founder and Technical Director of Frid. “With the improved real-time categorized transaction data, we’re giving our users better instant insights that simplify budgeting and make managing personal finances easier and more intuitive.”

Neonomics’ categorized transaction data will also enhance the accuracy of Frid’s financial insights, offering users precise spending breakdowns and tailored budgeting tools, empowering them to take control of their finances more effectively.

“Our partnership with Frid enables us to deliver powerful, real-time insights that transform how users manage their money,” said Christoffer Andvig, CEO of Neonomics. “By refining transaction categorization through open banking, we’re making personal finance management more intuitive and delivering a personalized experience. This is a game-changer for financial apps.”

With this integration, Frid user scan effortlessly track their spending across categories like groceries, travel, and entertainment, without the need for manual input. This streamlined approach reduces financial stress and simplifies the process of managing personal budgets. By making complex transaction data more accessible and actionable, Neonomics and its partners are redefining the standard for personal finance management.

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About Frid

Frid is a leading personal finance platform dedicated to improving financial well-being. With around half of Norwegians facing financial concerns, these issues can impact workplaces through increased absenteeism, reduced productivity, and heightened security risks. Frid provides financial health services to businesses that prioritize employee care. By offering real-time categorized transaction data and intuitive budgeting tools, Frid empowers individuals to take control of their finances, ultimately benefiting both employees and employers.

About Neonomics

Neonomics is an open banking disruptor unifying access to over 2500 banks and 150 million bank customers across Europe via one of the most secure and cost-efficient pure PSD2 API platforms in the market. Founded and headquartered in Oslo, Norway in 2017, the company currently has a growing highly technical team representing 25 different nationalities with close to 40% being female. Authorized by the Norwegian FSA as a licensed payment institution the company is delivering payments initiation and account information services to a wide range of customers spanning FinTechs, payment service providers, banks and more. For more information about Neonomics visit at www.neonomics.io

Media Contact Details:

Tammy Gobel, Marketing @ Neonomics, tgobel@neonomics.io

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