Thought Machine helps C6 Bank save 900 tonnes of carbon
By Delisha Fernandes
C6 Bank , has announced that its new carbon footprint product which launched last month on Thought Machine’s cloud-native core banking technology, Vault Core, has cut more than 900 tonnes of carbon.
The carbon footprint offering, built in under six months, allows its customers to automatically calculate the estimated carbon footprint of payment transfers and card transactions and offset usage with forest preservation credit.
C6 selected Thought Machine’s technology since Vault Core is real-time and API-enabled. It allows the bank to access data from a single source of truth in real-time and automatically convert payment transfers and debit and credit transactions into carbon emissions.
Nelson Novaes, CTO at C6 Bank, said, “As we embarked on our project to build Brazil’s first automatic carbon footprint calculator product in a bank’s app, we needed to partner with a world-class core banking technology provider. We selected Vault Core for its product quality and modern design: highly performant and event-driven. It allows us to access data in real-time, scale quickly, and build a more sustainable future.”
C6 intends to use Vault Core’s Universal Product Engine to configure additional new features and products as the partnership grows.
Paul Taylor, CEO and founder of Thought Machine, said, “C6 has been at the forefront of banking innovation in the Latin American region. It has developed an incredibly popular banking service that is well-designed and mitigates climate risk. The bank has made a clear commitment to build a robust infrastructure to deliver its long-term vision for the future of financial services. We look forward to working with C6 to deliver on this ambition.”