Neonomics, Carbon Centrum partner to curb CO2 emissions via Open Banking

Tuesday 5 December 2023 10:16 CET | News

Open Banking provider Neonomics has partnered with Carbon Centrum to enable CarbonIDs, a way to track the carbon footprint of financial operations more accurately.


Carbon Centrum, a trailblazer in carbon offset initiatives, has teamed up with Neonomics to offer CarbonIDs that symbolise carbon offsets backed by data. Using the capabilities of Open Banking, the collaboration provides individuals with more accurate measurements of their CO2 footprints.

Neonomics has partnered with Carbon Centrum to enable CarbonIDs, a way to track the carbon footprint of financial operations more accurately.

The two companies are merging various data inputs, including individuals' financial transactions, into a unified platform that autonomously monitors CO2 consumption at a more detailed level. This approach enables companies to efficiently acquire these offsets by establishing seamless connections between individuals, brands, and carbon markets, fostering competitive purchasing opportunities.

Officials from Carbon Centrum stated that reducing carbon emissions is critical to saving our planet for the generations to come. The goal of CarbonID is to strengthen the bonds between different stakeholders who share in this mission by incentivising actors in an innovative way. Giving individuals an intuitive ability to sell their own offsets to companies who seek to do their part in this complex challenge is one piece of the puzzle which they believe can make a big difference at scale with partners like Neonomics.

Following net-zero ambitions

Carbon offsets will play an integral role in getting to net-zero global emissions. Linking more uniform, real-time data at the individual level can improve the monitoring and effectiveness of carbon offset trading and the overall aim of reduction.

Also commenting on this partnership representatives from Neonomics stated that they want to go after big challenges and there is nothing bigger than addressing climate change. Enabling their Open Banking technology to be a multi-functional tool for innovators like Carbon Centrum is at their very core and they are happy to support their mission going forward.

Previous news from Neonomics

In September 2023, Neonomics has partnered with BetterNow, a Denmark-based white-label fundraising platform, to enhance digital fundraising in the Nordics. The collaboration aims to introduce Open Banking-powered payments to major charity organizations in the region, streamlining and accelerating fund transfers.

This initiative addresses challenges related to transactional costs in fundraising, and BetterNow's platform simplifies the management of tax-deductible charitable donations. Neonomics emphasises its commitment to a customer-centric approach, working closely with charities to demonstrate the long-term value of integrating Open Banking solutions, ultimately facilitating more effective and innovative fundraising methods.

What does Neonomics do?

Neonomics is an Open Banking disruptor unifying access to over 2500 banks and 150 million bank customers across Europe via secure and cost-efficient pure PSD2 API platforms. Authorised by the Norwegian FSA as a licensed payment institution the company is delivering payments initiation and account information services to a wide range of customers spanning fintechs, payment service providers, banks, and more.

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Keywords: Open Banking, carbon footprint, green finance, data aggregation, partnership
Categories: Banking & Fintech
Companies: Carbon Centrum, Neonomics
Countries: World
This article is part of category

Banking & Fintech

Carbon Centrum



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