Freemium open banking platform, Nordigen has teamed up with technology developer expert Simbase to help retrieve transactional data to streamline internal accounting procedures. 

Simbase provides Internet of Things (IoT) and Machine to Machine (M2M) connection solutions to enhance business connectivity and tracking. With their SIM card plan, users can connect to many devices at the same time and choose the best local network provider in any country for efficient connections. The main users of the platform are delivery service providers, who prioritise high-quality shipment monitoring.

“We are delighted to have Nordigen as our open banking solutions provider, as their connections have transformed our service and have created a much more streamlined approach to internal transactional data management, providing great assistance for our internal functions and accounting,” says the CTO of Simbase, David Netten.

Transactional data sharing is one of the main services powered by Nordigen and used by Simbase. Simbase is able to track transactions, aggregate data and utilise gained financial information for their internal accounting procedures, helping them make the process quicker and easier.

“Our main shared value is technological effectiveness, and we are delighted that our free account information solution is helping to enhance Simbase’s internal productivity,” says Rolands Mesters, co-founder and CEO of Nordigen.