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UK challenger Tandem has partnered with Cogo to offer customers the ability to calculate the carbon footprint of their spending.
Cogo to merge its technology with Tandem in 2023
Cogo’s carbon footprint management app plans to integrate this technology directly into the Tandem banking app in 2023, first functioning in Tandem’s green living hub, which provides customers with actionable advice, information and tools.
Cogo has already established partnerships with NatWest in the UK and Commbank in Australia, leveraging open banking technology to provide a way to accurately measure the carbon footprint specific to local markets.
We also use behavioral science techniques to encourage our customers to make more sustainable choices.
Cogo EMEA CEO Emma Kisby said Tandem customers will be able to “measure, understand and reduce” their carbon footprint based on where and how they spend their money to tackle the climate crisis. says.
A study conducted by Cogo found that over 80% of UK mobile banking users want to know the environmental impact of their spending decisions. Despite these good intentions, many customers “need help identifying where they can make the biggest difference.”
Having access to relevant data will enable customers to initiate incremental changes that help save the planet, Cogo says.
Georgina Whalley, Tandem’s chief impact and marketing officer, says adding Cogo to Tandem’s offerings will help customers “get a clearer picture” of their carbon footprint, saving both money and the planet. increase.
