How ecolytiq is supercharging their sustainable banking solution with Tink
Leading Sustainability-as-a-Service® provider ecolytiq is partnering with Tink to serve banks, financial institutions and fintechs better. They will embed Tink’s Transactions product into their sustainability solution to further empower consumers to reduce their impact on the environment. Here’s how that works.
German company ecolytiq is a Sustainability-as-a-Service® solution aimed for banks, fintechs, and other financial services.
Their aim is to help these companies offer consumers better ways to understand – and eventually improve – their environmental impact by analysing how they spend their money.
They are partnering with Tink to improve their offering by letting customers tap into open banking.
German company ecolytiq is a Sustainability-as-a-Service® solution enabling banks, fintechs, and other financial service providers to show their customers the impact their purchases have on the environment.
Their mission is to empower consumers to reduce their impact in the long term. They do that by helping people calculate their environmental footprint (such as CO2 emissions) based on their consumption habits, and providing valuable information that helps them understand their individual impact on the environment.
Using open banking to combat climate change
This new strategic partnership with Tink lets banks and financial institutions add open banking to their arsenal in the fight against climate change. By integrating Tink, ecolytiq can complement their Sustainability-as-a-ServiceⓇ solution by letting their customers access users’ real-time transaction data directly from their bank accounts.
Using this data, ecolytiq’s customers can offer their own users a more complete overview of their expenses, leading to a deeper understanding of how their consumption habits impact the environment, and empowering them to make climate-positive changes.
Building – and partnering – for scalability
‘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 delivering banks and their customers with the digital solutions they want and need. ecolytiq is the next generation of these products’, said ecolytiq CEO and co-founder Ulrich Pietsch.
Cyrosch Kalateh, former 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, so they can 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.’
This partnership validates the important role open banking can play towards promoting sustainability, with a global leader in green banking solutions tapping into Tink’s technology to improve their offering. Their integration with Tink will begin in the DACH region with plans to expand to more European markets.
Interested in learning what open banking technology could do for your business? Get in touch.
More in Use cases
2024-12-17
7 min read
User experience: Wealthify empowers customers’ financial wellness with Pay by Bank
Tink partner Wealthify uses Pay by Bank for the optimal PFM, investment and saving experience, thanks to easy account top ups and secure account-to-account payments.
Read more
2024-08-12
11 min read
Six ways open banking helps remittance
Learn all about remittance, and how open banking can help it happen more smoothly with six of our best tips. From reducing friction, to simplifying compliance processes, and much more.
Read more
2022-06-30
4 min read
How Again is using transaction data to drive change
Using open banking to drive sustainable change: Swedish climate fintech Again is partnering with Tink to end greenwashing. Their app leverages transaction data to accelerate the climate transition by offering valuable user data to sustainable brands.
Read more
Get started with Tink
Contact our team to learn more about what we can help you build – or create an account to get started right away.
