Worldline announced partnership to provide sustainable banking solutions

This is the first step in the company’s strategy to provide a comprehensive set of sustainable banking services

Worldline

Worldline announced partnership to provide sustainable banking solutions. Source: shutterstock.com

equensWorldline SE, a subsidiary of Worldline has entered into a partnership with ecolytiq, a Berlin-based impact fintech that offers a Sustainability-as-a-ServiceⓇ solution.

This solution is based on the use of payment transaction data and is claimed to positively influence banking customers’ behaviour by raising awareness around their environmental footprint.

According to the press release, equensWorldline strives to offer banks and other financial organisations the opportunity to provide additional sustainability-oriented services to their clients, such as personalised sustainability advice based on financial data, among other offerings.

One of the use cases that equensWorldline has identified to leverage the banking data made available thanks to PSD2 regulation was how to best offer clients suitable solutions and additional value to help combatting climate change.

We have decided to focus on the CO2 footprint issues and want to enable banks to evaluate their clients’ emissions based on banking transactions. To do so, we looked for a partner who could support us and would be complementary to our services. ecolytiq’s technology is immediately available with some solid references, which makes them a perfect partner to increase our contribution to the United Nations Sustainable Development Goals (SDGs)
Mathieu Barthélémy, Lead Product Manager Digital Services at equensWorldline

equensWorldline’s Open Banking platform provides access to data from more than 3000 banks in 18 countries across Europe. In order to expand their portfolio and meet market demand, equensWorldline will offer this carbon footprint calculation service in collaboration with ecolytiq.

We’ve reported that Mastercard partnered shopping startup for sustainable debit card.

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