NEO Open Banking
A simpler way to pay, all within the app.
Last updated
A simpler way to pay, all within the app.
Last updated
Engage and empower Consumers want to feel in control, and expect digital experiences that are easily accessible and highly personalised. NEO Open Banking’s Finance Management products are designed to create unique and engaging user experiences, at scale. Multi-banking is a solution made possible by NEO Open Banking that lets people see all their different accounts in one place – no matter the bank. Here’s how it works, and why it’s useful for consumers and businesses alike.
Many people have accounts with multiple banks or financial institutions. A checking account in one bank, investments in another, and a mortgage somewhere else entirely. What multi-banking does is make it easier for people to see the full picture of all their finances, giving them one go-to place where they can view and manage all their accounts. Multi-banking was one of the first use cases to pop up when open banking started to become a thing. And it makes sense. Once people could more easily access and share their financial information, they wanted to increase visibility for themselves.
What do people get out of multi-banking with NEO Open Banking? As simple and necessary as it may seem, the ability to see all your bank accounts in one place was not always possible. (Unless you had some spreadsheet you were manually updating, that is.) Before Open Banking, people with accounts in different banks would need to log in to multiple banking apps to check what was going on.
But the benefit of multi-banking goes beyond the convenience of having all your accounts in one screen. What it ultimately does is help people see the full picture, instead of just one piece of the puzzle at a time. NEO Open Banking helps people have a greater understanding and control over their personal finances.
3,400+ Banks and institutions integrated
250m+ Bank customers reached across Europe
10bn+ Transactions processed per year
A payment institution authorised by the Swedish Financial Supervisory Authority (Finansinspektionen) to provide payment initiation services (PIS) and account information services (AIS)
PSD2 Licence
Website: > NEO Open Banking
