Tink to embed ecolytiq’s solution to scale sustainability services

By Gloria Methri

European open banking platform Tink is collaborating with ecolytiq, a climate engagement solution, to incorporate financial and sustainability-focused coaching into a seamless experience.

By combining the power of money management with climate education tools, Tink will enable new and existing customers to plug in sustainability-based services and scale across markets.

Tink and ecolytiq’s collaboration will be a seamless integration for financial institutions to implement sustainability-based features across their digital channels. ecolytiq’s suite of climate engagement products will be made available directly on the Tink platform through a single API, removing the need for institutions to integrate multiple providers’ solutions.

For customers already integrated with Tink, financial institutions will add sustainability-focused coaching to their offering, and those not already offering open banking-driven services, will be able to implement both financial coaching and sustainability-related money management tools at the same time.

As part of Tink’s consumer engagement and financial coaching offering, the ecolytiq sustainability-based services will be scaled across all 18 markets where Tink is currently present.

Ulrich Pietsch, Co-Founder and Managing Director of ecolytiq stated, “Pairing open banking with sustainable banking is good news for financial institutions looking to make a difference. With climate action being so urgent, our partnership puts banks in the position to immediately meet the rising demand for climate-forward banking products with minimal technical integration. It’s a win-win for banks, who are ready to embrace the future.”

Christophe Joyau, SVP of Banking and Lending at Tink added, “The fusing of Tink’s open banking and data enrichment technology with ecolytiq’s sustainability-focused solutions presents an exciting opportunity to increase people’s understanding of their impact on the environment and change consumer behaviour. As part of our growing offering in data-driven financial services, we are enabling financial institutions to better engage with their customers through embedded third-party providers, while also retaining customer loyalty.”