Neonomics and Worldline sign long-term open banking partnership

By Gloria Methri

Global PayTech Worldline and Neonomics have signed a commercial partnership to strengthen their open banking offerings across Europe.

Through Neonomics, Worldline will expand its account-to-account payments and data aggregation coverage to the Nordics including Norway, Sweden, Denmark, and Finland. Neonomics will in turn benefit from Worldline’s extensive open banking network in Europe.

The two companies are on track to become the first pan-European PSD2 API providers, servicing an extensive network of merchants, banks, and acquirers. Together, the two companies will be able to reach approximately 3,500 banks in 22 countries across Europe.

Worldline’s extensive reach enables many use cases, such as credit insight, account-based payments, and green banking, allowing third-party providers to quickly and effectively create a value proposition for their customers.

As a result of the partnership with Neonomics, Worldline will also offer its merchants, banks, and acquirers access to aggregated financial data and account-to-account payments.

Michael Steinbach, Head of Global Business Line Financial Services at Worldline explained, “We are excited to partner with Neonomics, as they have one of the most robust unified bank API platforms, with a technical set-up that supports our need to work with partners that can offer highly secure services in both today’s and tomorrow’s regulatory environment.”

By using Neonomics’ API, Worldline will not only expand its European coverage but will also benefit from a short time to market for its products and solutions.

Christoffer Andvig, CEO of Neonomics said, “We are very proud to partner with Worldline to expand the significant benefits of open banking much further across Europe, to spur the growth of account-to-account payments, and to continue driving innovation on the data side through Worldline’s strong position as a preferred partner to many industry-leading companies.”