Fintech NayaOne, Cogo to Improve Carbon Footprint Tracking Integration for Banks

Cogo – the carbon footprint management company that works with banks to help customers measure, understand and reduce their carbon footprint – and NayaOne – the Global Digital Transformation Platform for financial services firms – are announcing “the launch of a new partnership which will fast-track the process for banks and financial institutions to integrate carbon footprint management tools into their banking apps.”

Some of the largest institutions globally that access NayaOne’s Digital Transformation Platform, “will now be able to conduct ‘sandbox testing’ of Cogo’s carbon footprint API to ensure that it can seamlessly integrate with their own organizations’ technology.”

This will considerably “reduce the ‘test and learn’ phase which is typically required when introducing new functionality.”

Emma Kisby, Cogo CEO, EMEA, said:

“Banks can play a significant role in tackling the climate crisis by helping customers to understand and lower their personal impact, which is directly linked to their spending habits.  This new partnership will help to bring the carbon tracking experience to life for banks. NayaOne’s business model is very agile and trusted by banks around the world so it will allow us, at pace, to demonstrate and prove that our technology can work effectively for their bank and provide confidence in rolling out to customers. We don’t have the luxury of time with the climate crisis, so reducing our potential speed to market and getting banks to see the immediate value for their customers is a game-changer.”

At present Cogo works with 16 banks globally.

Cogo expects “to expand its portfolio of banking clients as a result of being part of the NayaOne ESG Use Case.”

The partnership is already “proving effective with one of the world’s largest banks within the NayaOne community signing up for a sandbox test.”

As noted in the update, Cogo is “a carbon footprint management product that helps individuals and businesses to measure, understand and reduce their impact on the climate.”

Cogo does this “through partnerships with some of the world’s largest banks to integrate leading carbon-tracking functionality into their banking apps.”

Cogo uses various models “to provide accurate ways to measure carbon emissions specific to local markets and cutting edge behavioral science techniques to nudge customers to make more sustainable choices.”

Cogo currently “works with 16 banks, with plans to double this in the next twelve months.”

Founded in 2016, Cogo now “employs over 100 people, operates in 12 countries across Europe and Australasia (including the UK, Netherlands, New Zealand, Australia, Japan and Singapore).”

Cogo has “raised over US$12.5million in funding since launch.”

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