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Doconomy and AWorld partner to enhance the financial climate engagement journey of banks clients
Doconomy and AWorld join forces through a joint product innovation facilitating sustainable behavioral change in consumption and spending habits for banking clients. This partnership positions AWorld and Doconomy at the forefront of sustainable fintech, shaping a compelling added value for banks aiming to enhance their platforms with innovative sustainability features for all clients and to lead the way in promoting change and supporting a cause that will increasingly be central and imposed by EU regulations.
Stockholm/Milan, January, 2024 — Doconomy, a leading provider in impact technology, aimed at supporting financial institutions in the development of their sustainability agendas, today announced a new strategic partnership with AWorld. AWorld, is the global leader platform for engaging citizens on sustainability. Active in 193 countries with 17M sustainable actions logged, AWorld has been proudly chosen by the United Nations to support the ACT NOW campaign against Climate Change and by The European Commission Climate Pact.
To expand and accelerate the capabilities for banks to engage their users, AWorld and Doconomy strategically combined respective product innovations to create a "Financial Climate Engagement Journey”, a cutting-edge model aimed at facilitating sustainable behavioral change in consumption and spending habits for banking clients. Studies show that people want to take actions, shift their habits but don’t know where to start.
The Financial Climate Engagement Journey combines Doconomy’s expertise in providing real-time transactional CO2 impact monitoring through the Åland Index and AWorld's role in boosting consumer awareness about sustainable living by providing an engaging experience through AI-powered educational pills and actionable suggestions to reduce emissions.
An innovative solution that can be readily integrated into digital banking apps or any platform that uses Open Banking services in order to engage and reward users to:
Measure: Calculate the environmental impact of every transaction.
Learn & Act: Equip users with educational content to reinforce positive consumption behaviors and challenge users through sustainable missions and challenges.
Reduce: Offer progression analytics, allowing users to track and improve their carbon footprints.
Save: Build financial resilience and wellbeing to enable further continuous climate action
This partnership positions AWorld and Doconomy at the forefront of sustainable fintech, shaping a compelling added value for banks aiming to enhance their platforms with innovative sustainability features for all clients and to lead the way in promoting change and supporting a cause that will increasingly be central and imposed by EU regulations.
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“Expanding our collaboration with AWorld is yet an exciting and important step in accelerating the way we support banks to become the trusted hub of the transition we need to see. Both teams are committed to bring greater relevance to financial institutions and provide all users with the opportunity to shape their own narrative”
Mathias Wikström, CEO and Co-Founder of Doconomy.
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"AWorld is dedicated to guiding and incentivizing sustainable living through innovative engagement tools, focusing on measuring environmental impact. Nowadays, consumers demand real data and our partnership with Doconomy lays the foundation for creating the most advanced sustainability-focused consumer engagement service in the financial services market.
A tool that allows to guide millions of people worldwide to make more conscious and informed decisions starting from measuring carbon footprints from real transactions. Benefits accrue not only to end customers who become more aware but also to banks that can benefit from an innovative market position, increase customer engagement, obtain data for sustainability reports, improve customer knowledge for more informed ESG investments”
Alessandro Armillotta, CEO at AWorld.
About AWorld
Born in Italy in 2020, AWorld is the platform that guides and encourages people to live sustainably by measuring CO2 emissions and providing personalized suggestions for reduction and savings. As a global leader in stakeholder engagement on sustainability issues, it is used by companies and organizations to engage their stakeholders in the ecological transition process. The project is a partner of the United Nations’ global ActNow campaign and the European Climate Pact of the European Commission, aiming to create a positive, tangible, and relevant environmental and social impact by increasing awareness of one’s potential impact on the planet. The application (currently available in 6 languages and used in 190 countries worldwide) offers content on sustainability topics and tools to measure and motivate people to take action to protect the planet by spreading the Culture of Sustainability.