Cogo and Moneyhub to help banks develop sustainable, financial wellness products
By Gloria Methri
Sustainability FinTech Cogo and Moneyhub, the data and payments platform, have joined forces to help banks and financial institutions develop more ethical and sustainable financial wellness products for their customers.
Speaking about the partnership, Emma Kisby, Chief Executive Officer at Cogo, said, “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 that incorporate an ESG lens for their customers.”
Vaughan Jenkins, Managing Director for Strategic Accounts and Partnerships at Moneyhub, added, “At Moneyhub we are 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 educating customers who are experiencing the effects of the cost-of-living crisis.
A large percentage of the UK population is reportedly struggling to cope 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 well-being 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.
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