Two European technology firms are teaming up to help companies understand how much impact individual decisions have on the environment.
DirectID assesses credit risk through the application of real-time bank data and can identify issues related to affordability, income, account verification, emerging financial distress and categorization and classification of accounts. Doconomy uses data and technology to determine the impact on climate of consumption. They have created tools to drive positive change.
Doconomy’s Åland Index, calculates transaction level climate impact and is available to banks and payment providers shared through API, helping consumers become aware of their impact on the planet. It is used to calculate CO2 emissions from 360 million users in 18 countries and can also be deployed in freshwater calculations.
The Doconomy/DirectID will see the development of tools which will help users attain a more sustainable lifestyle.
“As we continue to grow our reach and capability, having a trusted set of partners is critical to our future success,” DirectID CEO James Varga said. “We are delighted to have signed this agreement with Doconomy.”
“We are increasingly seeing new and diverse ways that bank data can support use cases across industry and sector. Using bank data to help us to understand business and consumer’s environmental impact is yet one more way that DirectID’s bank data expertise can support another tech company.”
“With DirectID joining us in shaping a new normal based on impact transaparency, we are excited to see additional opportunities for continuous development of tools in support of climate action,” Doconomy CEO Mathias Wikström added. :DirectID bring equal amounts of expertise and passion to the table and we are excited to team up on the most important challenge of all.”