Fintech company Doconomy has been added to the Temenos Exchange, granting broader access to its sustainable finance solutions.
Doconomy Impact Finance, a groundbreaking fintech solution, has been made readily available to banks globally through Temenos Exchange, a marketplace for integrated fintech solutions. This partnership enables banks to incorporate impact-focused financial tools into their services, enhancing customer wellbeing by offering transparency and actionable insights about the social and environmental impact of financial activities [2][3][4].
At the helm of Doconomy is Mathias Wikström, the Chief Executive Officer, who leads a team that has developed Impact Finance based on years of behavioural science research and proven methodologies. The solution is designed to empower retail banks to maximise their core banking technologies, making it easily embeddable in digital platforms [1].
The customizable User Experience (UX) solution is built around behavioural science concepts, allowing banks to shape the Impact Finance solution to fit different demographics and engagement levels [5]. Banks can use this tool to drive deposits, investments, and other digital banking products while offering an engaging, gamified digital experience with shared group goals [6].
Impact Finance by Doconomy serves as an organic acquisition channel, attracting new customers who are increasingly seeking banks that align with their sustainability and financial wellbeing preferences. By adopting this solution, banks can support their customers' financial wellbeing, increase engagement, loyalty, and profitability [7].
The Impact Finance solution is battle-tested and supports customers' financial wellbeing needs and sustainability preferences. It is backed by Temenos' Core Banking and Payments solutions, ensuring a seamless integration into banks' existing systems [8]. Monty Bhatia, the EVP, Global Alliances and Partner Ecosystem at Temenos, commented on the partnership, stating that it "enables banks to offer their customers a more meaningful banking experience" [9].
In conclusion, Doconomy Impact Finance enriches the banking experience by enabling impact transparency and sustainable choices for customers, while Temenos Exchange provides the technical and market infrastructure for banks to adopt these solutions efficiently, thereby enhancing overall customer wellbeing. With Impact Finance, customers can share their dreams with their bank and find easy ways to achieve them, contributing to a more sustainable and financially secure future.
References:
- Doconomy
- BusinessWire
- Temenos
- The Fintech Times
- Financial IT
- The Paypers
- Finextra
- Banking Technology
- Banking Tech
- Ffnews.com reports that with the integration of Doconomy's Impact Finance into their services, banks can now provide their customers with technology-driven financial solutions that prioritize business, finance, and technology, offering transparency and actionable insights about the social and environmental impact of financial activities.
- Banks can leverage the customizable User Experience (UX) solution from Doconomy, built around behavioral science concepts, to drive technology-focused digital banking products while offering an engaging, gamified digital experience with shared group goals, thereby attracting customers seeking banks that align with their sustainability and financial wellbeing preferences.
