Stockholm-based open banking platform Tink has partnered with sustainability-as-a-service provider ecolytiq to provide banks, financial institutions and FinTechs with green banking solutions.
The partnership will begin in the DACH region (Germany, Austria, and Switzerland), with plans to expand to larger markets in Europe in the future.
ecolytiq’s main product offerings are integrated through an API that enhances existing digital banking apps. The products give banks the opportunity to offer their customers the entire sustainability value chain, starting with personalised impact footprint calculations (e.g., CO2). The products also encourage customers to engage in smart, sustainable spending behaviours.
Ulrich Pietsch, ecolytiq CEO and co-founder, said, “ecolytiq’s solution was created with the ability to quickly scale, because we know that global warming needs exponential climate action enablers. Tink is a strategic partner with a proven track record for enabling banks and FinTechs to deliver the data-driven digital solutions their customers want and need.”
Cyrosch Kalateh, regional director for the DACH region at Tink added, “The combination of Tink’s transactions product and ecolytiq’s sustainability expertise, creates a valuable proposition for financial institutions and FinTechs across the DACH region, to offer services that better measure and help reduce carbon footprint.”
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