ecolytiq: Making the fintech industry more sustainable

Net-zero commitments are making banks rethink their sustainability plans, and ecolytiq is a driving force to help banks with green finance

Every industry has its part to play in the fight against climate change, and ecolytiq provides banks and financial institutions with the digital infrastructure for green finance.

There Sustainability-as-a-Service solution enables financial institutions to offer their customers environmental footprinting as well as personalised impact offsetting and ESG investments.

 

How did the company begin? 

Cofounders Ulrich Pietsch and David Lais were discouraged by the lack of global efforts to keep pace with the ever-growing urgency of climate change, so decided to encourage action by giving the power to the people by rethinking the role retail banking has to play in the fight against climate change.

The founders are a team of sentrepreneurs with more than 50 years of experience in payment, banking, loyalty and scalable data analytics systems. This team consists of Ulrich Pietsch (CEO), David Lais (CPO), Mirko Kämpf (CTO), Frederic Westerberg (CSO), Friedrich Hubel (COO), and Richard Malley (CFO).

Realising that climate change is one of the largest issues facing humanity, the founders are tapping into their wealth of experience to do their part in transforming the financial industry into a sustainability powerhouse.

ecolytiq is a member of the Visa Fintech Partner Connect programme, enabling banks to seamlessly implement their sustainability strategies using payment data.

 

New partnerships 

Ecolytiq has most recently partnered with equensWorldline SE, a subsidiary of Worldline and a European leader in the payments and transactional services industry. 

This partnership intends to support banks and their customers in the transition to a greener economy by delivering transparent and relevant data – all with the aim of encouraging more sustainable behaviours in the fight against climate change. This is the first step in equensWorldline’s strategy to provide a comprehensive set of sustainable banking services.

“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).” says Mathieu Barthélémy, Lead Product Manager Digital Services at equensWorldline. 

In addition, ecolytiq has also partnered with the German non-profit Organisation for Sustainable Consumption (OfnK), whose work promotes transparency for country-specific carbon emissions calculations through their “Open Payment Standard”.
 

Share

Featured Articles

The challenges of address data in cross-border payments

A truly global solution is critical to meeting cross-border needs at scale, writes Loqate, a leading developer of global address verification solutions

Top 10 fintech disruptions to watch out for in 2023

From new technologies to tough regulations for crypto, 2023 is already looking like a year of change for fintech.

PBF CEO, Morgan McKenney on blockchain, DeFi & tokenization

Morgan McKenney is the CEO of the Provenance Blockchain Foundation (PBF). We caught up with her to talk advances in blockchain technology and 2023 trends

UAE-based BNPL fintech Tabby secures $58mn in Series C round

Digital Payments

Why seamless cross-border payments transform transactions

Digital Payments

Top 10 mobile banking apps of 2022 by number of downloads

Banking