DirectID and Doconomy partner on climate functionality

FinTech DirectID have just entered a collaboration agreement with pioneering Swedish impact tech company Doconomy.

Doconomy is an impact-tech company that uses the power of data raise awareness of the impact of consumption whilst offering solutions to reduce it. With Doconomy users can understand and drive positive movement to tackle climate change.

DirectID is the world's expert in global credit risk enabled by the usage of real-time bank data. They tackle current problems found within the credit risk lifecycle:

  • Affordability
  • Income and account verification
  • Emerging financial distress
  • Spend categorisation & classification

Doconomy and DirectID have decided to partner to bring climate functionality to the masses, helping consumers make more informed decisions and encourage a more sustainable lifestyle.

This is another great example of how using bank data can help develop new innovative solutions beyond greater access to financial products.

James Varga, CEO of DirectID, said:

“As we continue to grow our reach and capability, having a trusted set of partners is critical to our future success. 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.”

Mathias Wikström, CEO of Doconomy, said:

“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. 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.”