Tink & ecolytiq drive green banking solutions through new partnership
Stockholm, Berlin / 18.11.2021 A new partnership with Europe’s leading open banking platform Tink will allow Sustainability-as-a-Service® provider ecolytiq to serve banks, financial institutions and fintechs better. ecolytiq joins forces with Tink as a technology partner to provide its Sustainability-as-a-Service® expertise. The partnership will begin in the DACH region 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 with fresh, exciting features. The products give banks the innovative opportunity to offer their customers the entire sustainability value chain. Starting with personalised impact footprint calculations (e.g., CO2), the products go further by engaging customers through behavioral nudging towards smart, sustainable spending choices. Easy access to Gold Standard-certified impact offsetting and ESG investing rounds off the customer experience.
“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. ecolytiq is the next-generation of these products,” said ecolytiq CEO and co-founder Ulrich Pietsch.
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. We look forward to extending this partnership in the future, helping ecolytiq to expand at speed across Europe on our open banking platform.”
The Sustainability-as-a-Service® solution from ecolytiq enables banks, fintech companies and financial service providers to show their customers the individual impact their purchasing behavior is having on the environment in real time. The ecolytiq software calculates personal environmental impacts, such as CO2 values, on the basis of payment transactions. In November 2020, ecolytiq joined the Visa Fintech Partner Connect programme, enabling banks to seamlessly implement their sustainability strategies using payment data. www.ecolytiq.com
Media contact ecolytiq: Yuki Hayashi I ecolytiq GmbH I [email protected]
phone: +49 30 2201232-80
Tink is Europe’s leading open banking platform that enables banks, fintechs and startups to develop data-driven financial services. Through one API, Tink allows customers to access aggregated financial data, initiate payments, enrich transactions, verify account ownership and build personal finance management tools. Tink connects to more than 3,400 banks that reach over 250 million bank customers across Europe. Founded in 2012 in Stockholm, Tink’s 400 employees serve more than 300 banks and fintechs in 18 European markets, out of offices in 13 countries. We power the new world of finance. For more information, visit www.tink.com.
Linda Winder, PR & Communications Director, [email protected], +46 8 509 08 999