05.03.2024 OSLO, NORWAY – Neonomics, a leading open banking company and Bislab, a data enrichment innovator, have partnered to develop and launch a suite of embedded finance solutions, directly addressing pain points experienced by financial institutions, credit management and insurance companies. Both companies have previously developed stand-alone products within embedded finance and will now merge their offering, strengthening the accuracy and agility of this next generation joint product.

Bislab was formed in 2022 by a highly experienced technical team with backgrounds from Norway's most established technology companies to leverage what they saw as an agility gap in delivering data-driven services to market.

Speaking on the partnership, Founder and CEO of Bislab Martin Holten said, “We saw first-hand how blending different publicly available data-sets could contribute to more effective decision making when it came to credit risk analysis, but that was just the tip of the iceberg. Together with Neonomics, we will take this to another level, significantly expanding our ability to provide real-time insights to a much broader market.” ‍

Among those offerings is an enhanced credit risk tool that can easily be leveraged by both financial and non-financial companies to deliver more dynamic assessments and reduce dependency on outdated datasets and manual processes.

“The market for real-time financial data analytics has evolved significantly in the last 18 months, with existing solutions showing promise while leaving room for improvement. At the same time, we're witnessing a rising interest across various industries in harnessing the power of these insights. Together with Bislab, we're excited to blend our expertise to offer a unique set of services to both existing and new customers,” says CEO of Neonomics Christoffer Andvig.

The two companies aim to host a product demonstration prior to the summer, pending approval from the Norwegian Financial Supervisory Authority. The partnership has already secured a list of existing customers across multiple target segments confirming interest in the upcoming launch.

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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 www.neonomics.io.

Media Contact Details:

Sarah Thue, Marketing @ Neonomics
sthue@Neonomics.io

About Bislab

Bislab is a Norwegian company that offers modern services for business critical data such as credit ratings, anti-fraud algorithms, transactional data, intelligent company prospecting and more. Founded and headquartered in Oslo with the vision of becoming the preferred partner for Norwegian key operational data, Bislab is rapidly expanding its operations by utilizing modern technical solutions to create simple services for an ever-growing complex data landscape. For more information about Bislab, visit www.bislab.no.

Media Contact Details
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Ole Kristian Haug, COO @ Bislab
ole@bislab.no

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