Doconomy and Salt Edge: Merging impact tech and open banking for a sustainable future

Doconomy, a Swedish world-leading impact tech provider for banks, SMEs, and corporates, joined forces with Salt Edge, a leader in offering open banking solutions, to use data aggregation and transaction categorisation services to speed up introduction of climate functionality to the European market.

As concerns about climate change have grown over the past years, the importance of the emerging fintechs that offer various convenient ways for consumers to reduce their carbon footprint, has increased too. Being the trailblazer in this movement, Doconomy aims to inspire shifts in behavior and mitigate the impact of everyday transactions, leading the fight against unsustainable consumption and environmental destruction.

Doconomy provides digital tools which allow customers to become environmentally-conscious by assessing, per transaction, the CO2 emission and H2O consumption impact based on the world-leading Åland Index. Collaboration with Salt Edge allows Doconomy to facilitate the introduction of applied impact solutions for banks and corporates in Europe. By leveraging Salt Edge’s account information and transaction categorisation tools, Doconomy can introduce climate impact calculations functionality within a short time to market, without major investment in legacy systems.

Doconomy is committed to driving innovation for a sustainable future. The new era of shared responsibility between consumers and financial services invites everyone to join. Partnering with like-minded companies, we aim to accelerate the transition to greener financial services. Salt Edge services help us speed up the introduction of applied impact solutions for banks and corporates in Europe. We believe that such collaborations can have a positive impact in shaping a more resilient tomorrow and guide consumers towards more sustainable choices in their everyday consumption.

Doconomy co-founder and CEO Mathias Wikström

Salt Edge is excited to partner with Doconomy – a world-leading provider of applied impact solutions which empower consumers to take convenient but tangible steps toward carbon neutrality. When it comes to the climate emergency, open banking becomes an important gear wheel in the mechanism that helps to accelerate positive climate efforts and enables consumers to calculate and offset their impact of everyday transactions. Doconomy’s Åland Index-powered Carbon Calculator together with Salt Edge’s open banking services bridge the gap between awareness and action when it comes to boosting positive climate efforts and responsible consumption.

Dmitrii Barbasura, CEO at Salt Edge

Discover the full Salt Edge coverage to find out if our services are available in your country.

About Doconomy

Doconomy, founded in Sweden in 2018, is a world-leading provider of applied impact solutions. Doconomy wants to future-proof life on planet earth by empowering individuals and corporations to take responsibility for their environmental footprint. Firmly believing that the climate crisis can only be solved as a collective, Doconomy is also a partner of the United Nations Framework Convention on Climate Change (UNFCCC), Mastercard, S&P Trucost, and the World Wildlife Fund (WWF).

More information: www.doconomy.com

About Salt Edge

Salt Edge – a financial API platform with PSD2 and open banking solutions. The company has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway, and developing the technology necessary for banks to become compliant with the directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, the company employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with 5000+ financial institutions in 50+ countries.

More information: www.saltedge.com
Phone number: +44-2039-363-505
Email: press@saltedge.com

Salt Edge report

Discover what is the current state of open banking payments in Europe in 2021

Download now

Related articles

8 min read Jun 2020

Tick the 11 boxes if your Modified Customer Interface meets each PSD2 requirement

According to the second Payment Service Directive (PSD2), all the financial institutions that provide payment accounts (ASPSPs) – banks, e-wallets, prepaid cards, neobanks and e-money institutions with their agents – must have in place at least one channel for secure communication with third party providers (TPP). They can choose to…

6 min read Apr 2020

3 reasons why lending companies should use open banking

The financial environment is changing significantly in Europe and beyond, putting pressure on the lending market. Current conditions raise demand for instant credit products which forces lenders to go digital. Lenders are faced with a serious challenge to ensure business continuity. They need to create a mechanism that allows the…

4 min read Feb 2020

Salt Edge helps Keysafe to speed up tenants verification via Open Banking

The UK-based tenant referencing company Keysafe has inked a partnership with Salt Edge, a leader in offering Open Banking solutions, to securely access tenants’ bank data without the need to acquire its own PSD2 licence. Open Banking entered the rental market, with landlords now accepting tenants based on automatically aggregated…

4 min read Aug 2021

Žltý melón and Salt Edge partner for open banking-enabled lending

Žltý melón, a Slovak P2P lending platform, joined forces with Salt Edge, leader in developing open banking solutions, to implement PSD2-integrated access to clients’ bank data and streamline the loan application journey. Current uncertain market conditions created an urgency for instant and simplified alternatives to bank loans. P2P lending, also…