Debt collection company Coeo Inkasso selects Neonomics for Open Banking-integrated debt collection services in Norway.

Coeo Inkasso, a credit management service, has announced its entry into the Norwegian market through a partnership with Neonomics, a leading European provider of payment initiation and account information services. This partnership is described as a step forward in modernizing debt collection payments in Norway.

Neonomics, currently working with businesses across Europe, will enable Coeo Inkasso to utilize its Open Banking-driven solution, 'Nello Pay'. This integration aims to offer a secure, automated, and user-friendly solution for debt resolution.

'Nello Pay' enables individuals to settle outstanding balances directly from their bank accounts, providing a seamless payment experience. Coeo Inkasso's prioritization of making the payment process easy for customers aligns well with Neonomics' mission to streamline payments and improve user experiences.

Trine Stefferud, the Chief Commercial Officer (CCO) at Neonomics, stated that debt collection is a prime example of how Open Banking can deliver immediate, tangible benefits for both businesses and consumers. This sentiment is shared by Charlotte Surén, the CEO of Coeo Inkasso, who emphasized the company's commitment to leveraging technology for efficient and customer-friendly services.

The partnership between Coeo Inkasso and Neonomics is particularly exciting to see, as it involves a challenger like Coeo choosing Neonomics. This move demonstrates the growing confidence in Neonomics' solutions and their potential to revolutionize industries.

The coeo Group, of which Coeo Inkasso is a part, has expanded its presence to Norway. The Group, a German company with a presence in eight countries, entered the Swedish market in 2022. Last month, Norway's Neonomics acquired the UK Open Banking platform Ordo, further strengthening its position in the Open Banking landscape.

Neonomics' Open Banking solutions have already demonstrated their effectiveness in reducing administrative costs and improving user experiences. For instance, the use of Neonomics' solutions by FundingPartner resulted in faster and more secure payments directly from investors' bank accounts without leaving the platform.

The growing maturity and adoption of Open Banking in Norway is encouraging. With the entry of Coeo Inkasso into the market, consumers can look forward to more secure, automated, and user-friendly debt resolution solutions. Neonomics is excited to support Coeo Inkasso in this endeavour.