Ecolytiq, a climate engagement solutions provider, has announced its collaboration with Mambu, a cloud banking platform.
This strategic partnership aims to make climate action solutions more accessible and scalable for financial institutions.
The impetus behind this collaboration lies in the need to address climate change and its profound impact on the financial industry. The objective is to enable financial service providers to better engage with sustainable banking initiatives, responding to increasing customer demands for stronger commitment to sustainability. Research from Mambu indicates that half of all banking customers would consider switching to a more sustainability-conscious institution.
Ecolytiq offers a comprehensive suite of climate engagement products designed to help financial institutions drive sustainability efforts. These solutions offer insights and guidance for making more environmentally conscious decisions, ultimately contributing to sustainable business operations.
Mambu, on the other hand, operates a robust cloud banking platform, serving a vast user base of 110 million end-users. It offers an API-driven, composable approach to banking, providing clients with the flexibility to integrate Ecolytiq’s products and create new, green offerings for their customers seamlessly.
The integration of Ecolytiq’s sustainability features into Mambu’s platform means financial institutions can quickly respond to the climate crisis, marking their first steps towards sustainable banking. This joint venture will particularly benefit small and medium-sized businesses by enhancing the transparency of their purchase impacts and guiding them towards more sustainable operations.
Ecolytiq’s co-founder and managing director Ulrich Pietsch said, “Financial institutions need embedded solutions that are as robust as the challenges we face. Our work with Mambu is an extension of our commitment to meet banks with a wide range of options that promote action on climate change while strengthening their relationship with their customers.”
Nick van Bommel, sales director, Northern & Central Eastern Europe at Mambu, shares, “When it comes to making greener financial and lifestyle decisions, there is a role for banks to play in empowering their customers with the right information. ecolytiq provides climate impact insights, and by teaming up with Mambu, more financial services customers have the option to embed this into the products they build on our platform.”
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