Contovista brightens up data for Swiss start-up Neon
Swiss start-up Neon wants to razzle-dazzle and has turned to Contovista’s technology for its payment data analysis needs.
♫ Neon lights, shimmering Neon lights ♫
The mobile account app has been available to beta users from this month.
Simon Youssef, co-founder of Neon, says: “Apart from the clean API it was the quick and unbureaucratic cooperation that had convinced us from the very beginning. The [Contovista] team was flexible and highly professional in implementing our requirements which made it possible to lead the whole project to success in just two months.”
According to Contovista, the core element of all its solutions is its enrichment engine. This converts unstructured data into structured data and annotates them with metadata.
Transaction data gets enriched and analysed by the engine and subsequently builds the foundation for the account analysis of the Neon app.
All bank and card transactions are automatically categorised. Users can then understand how much was spent e.g. for food, leisure or living. This allows Neon users to control their personal finances with their smartphone.
Zurich-based Neon was founded in 2017. Hypothekarbank Lenzburg acts as its banking partner.
The Swiss firm should not be confused with Neon in Brazil. The latter is an online bank that launched in 2016 and is offering accounts only accessed through a smartphone.
