Cogo, the sustainability fintech that partners with financial institutions to help customers lower their carbon footprint, and Moneyhub, the award-winning data and payments platform built on Open Banking and Open Finance principles, are joining forces to help banks and financial institutions develop more ethical and sustainable financial wellness products to help support their customers in taking better decisions for their finances, lifestyle and the climate.
At the core of both Cogo and Moneyhub’s purpose is the desire to make positive change through the use of data.
Speaking about the partnership, Emma Kisby, CEO at Cogo, comments: “When it comes to tackling ESG regulation and helping to address the climate crisis in particular, collaboration is key. We expect this partnership between Moneyhub and Cogo to be welcomed by banks who are looking for efficient and effective ways to develop new products which incorporate an ESG lens for their customers.”
Vaughan Jenkins, Managing Director for Strategic Accounts and Partnerships at Moneyhub, comments: “At Moneyhub we’re on a mission to enhance the lifetime financial wellness of people, their communities and their businesses, including how we support them with their ESG ambitions. We are delighted to be partnering with Cogo to bring together our complementary capabilities to help banks and financial institutions support customers in making informed and better decisions when it comes to ESG and their financial products.”
Given the natural link between financial wellness and carbon impact, the first project that Cogo and Moneyhub plan to address is around educating customers who are experiencing the effects of the cost of living crisis. A large percentage of the UK population is struggling to live within their financial means with energy, fuel and food at record prices. At the same time, these are some of the biggest contributors to an individual’s carbon footprint. Cogo and Moneyhub will be looking to work together to help banks educate their customers on the cost and carbon impact of the lifestyle decisions they are making, while also advising actions they can take to improve their financial wellbeing and carbon footprint.
Cogo currently partners with 20 banks across the globe, with plans to double this within the next year. Moneyhub currently partners with well over 100 financial institutions globally.
Cogo
PR Manager: Ania Krwawicz-Sheath
078 878 51224 / ania@cogo.co
Moneyhub
Ingrid Anusic Eleanor Ross
Marketing Director, Moneyhub Senior Account Director, Teamspirit (Moneyhub PR Agency)
ingrid.anusic@moneyhub.com ERoss@teamspirit.uk.com
M: +44 783 722 6553 M: +44 7393 758 446
About Cogo
Cogo is a carbon footprint management product that helps individuals and businesses to measure, understand and reduce their impact on the climate. Cogo does this through partnerships with some of the world's largest banks to integrate leading carbon-tracking functionality into their banking apps
Cogo uses best-in-class models to provide accurate ways to measure carbon emissions specific to local markets and cutting-edge behavioural science techniques to nudge customers to make more sustainable choices.
Cogo currently works with 16 banks, with plans to double this in the next twelve months.
Founded in 2016, Cogo operates in 12 countries across Europe, Australasia and North America (including the UK, Netherlands, New Zealand, Australia, Japan, Singapore and Canada).
Cogo has raised over US$14 million in funding since launch.
To find out more information about Cogo, please visit cogo.co.
About Moneyhub
Moneyhub is a data, intelligence, and payments company which develops ISO 27001 certified software for Open Banking, Open Finance, and Open Data applications. Its FCA-regulated Open Data platform enables companies to quickly and easily transform data into personalised digital experiences and initiate payments. Its APIs and fully customisable platform provide data aggregation, insights, notification nudges, and payment systems. As a result, clients have the consent-driven data and analytics they need to create super-personalised offers, products, and services. Hundreds of organisations, spanning finance to media and retail, rely on Moneyhub’s award-winning technology.