Neonomics is collaborating with Frid to enable real-time categorized transaction data through open banking

Neonomics, a leading open banking provider, has partnered with Frid, a personal finance management (PFM) app, to test real-time categorized transaction data for consumers. Leveraging Neonomics’ open banking technology and Bislab’s data enrichment expertise, Frid users benefit from automated transaction categorization, providing clearer insights into their spending habits and financial health, ensuring highly accurate and seamless transaction tracking.

“Partnering with Neonomics represents a major step in improving the financial experience for our users.” said Espen Ellevseth, co-founder and technical director of Frid. “With enhanced real-time categorized transaction data, we are giving our users better instant insights that simplify budgeting and make managing personal finances easier and more intuitive.”

Neonomics’ categorized transaction data will also improve the accuracy of Frid’s financial insights, providing users with precise spending breakdowns and tailored budgeting tools so they can control their finances more effectively.

“Our partnership with Frid allows us to deliver powerful, real-time insights that transform the way users manage their money.” said Christoffer Andvig, CEO of Neonomics. “By refining transaction categorization through Open Banking, we are making personal financial management more intuitive and providing a personalized experience. This is a game-changer for financial apps.”

With this integration, Frid users can easily track their spending across categories like groceries, travel, and entertainment without the need for manual entry. This streamlined approach reduces financial stress and simplifies the management of personal budgets. By making complex transactional data more accessible and actionable, Neonomics and its partners are redefining the standard for personal financial management.