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.
partners with Frid to power Real-Time Categorized Transaction Data through Open Banking
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 users can 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.