Latest news with #Doconomy
Finextra
31-07-2025
- Business
- Finextra
Doconomy arrives on Temenos Exchange
Doconomy, a leading impact fintech company providing banks with innovative tools to drive financial wellbeing and sustainability worldwide, today announced that their product Impact Finance is available on the Temenos Exchange partner ecosystem of solution providers. 0 Impact Finance is an out-of-the-box UX solution steeped in behavioral science concepts that allows banks to maximize benefits of their core banking technologies to drive both digital product revenues and customer financial wellbeing. The platform is highly customizable for rapid implementation and seamless integration into retail banks' digital channels. By offering an engaging and gamified digital experience, including the ability for customers to create shared group goals, Impact Finance serves as an ideal organic acquisition channel, effectively attracting new customers. It enables end users to share their dreams with their bank and discover easy ways to make them come true by saving, investing or being offered other banking products that speak to their individual needs. Leveraging the power of Temenos' Core Banking and Payments solutions, and easily embedded in the bank's digital platforms, Impact Finance allows banks to maximise returns from their current infrastructure, supporting their end customers financial wellbeing, while increasing engagement, loyalty and profitability towards a stronger customer-bank digital relationship. On the Temenos Exchange, Doconomy joins a selection of curated and assessed solution providers that help banks innovate faster. Monty Bhatia, EVP, Global Alliances and Partner Ecosystem, Temenos, said: 'We are excited to welcome Doconomy to Temenos Exchange, making their Impact Finance solution readily available to banks globally running on our platform. Temenos Exchange partners deliver innovative complementary solutions, empowering our customers to enhance their services while reducing development costs.' 'We are delighted to be part of Temenos Exchange, joining a vibrant community of innovators dedicated to accelerating innovation in the retail banking sector. The availability of Doconomy's Impact Finance on this platform allows financial institutions to leverage years of behavioral science research, proven methodologies, and battle-tested solutions. It's designed to empower retail banks to maximize their core banking technologies while supporting their customers' financial wellbeing needs and sustainability preferences,' said Mathias Wikström, Chief Executive Officer at Doconomy. Impact Finance not only allows banks to drive deposits, investments and other digital banking products while supporting their customers' financial expectations and dreams but also has a meaningful impact in terms of sustainability, engagement and loyalty. Banks are able to shape the Impact Finance solution to fit different demographics and engagement levels spanning from save goals to green investments.
BBC News
04-03-2025
- Entertainment
- BBC News
The revellers making Trinidad's carnival more sustainable
From dazzling costumes to exuberant parties, Trinidad's carnival is often dubbed "the greatest show on Earth".But some of its elements are not exactly eco-friendly and the festivities are estimated to produce 3.4 tonnes of waste every year according to Carnicycle, a local initiative aiming to make festivities more McLetchie, who co-founded Carnicycle in 2018, says that while carnival "is a big part of our culture" it also has a very negative environmental impact "from the events, to the textiles, to costumes" used by the masqueraders, spectators and vendors taking part in the annual parade on the two days preceding Ash and transporting just a single carnival costume bra can generate approximately 37.68kg (83lb) of CO2 emissions, Carnicycle estimates based on calculations made using an online tool provided by Swedish tech company Doconomy. Danii and her team are working to have that estimate verified by a third party, but with tens of thousands of masqueraders parading every year, she says the amount of emissions is cause for reduce those emissions, Carnicycle has started a recycling programme, collecting unused costumes that would have been dumped or burned by masquerade bands, which use new costume designs every also puts up collection bins at hotels and other venues so discarded costumes can be reused."Up until last year we collected around 10,000 pieces of costume materials," Danii told the BBC, describing the arduous task of completely stripping down truckloads of costumes to preserve feathers, beads and other materials for future use. The salvaged materials are sold to costume designers, ravers, and people in the burlesque industry, who save by buying second also rents out the large backpack pieces which are a popular part of the costumes worn at Trinidad's carnival. Their price can run up to $700 (£550), depending on explains that they came up with the idea after hearing revellers complain not just about the expense but also about the weight of the backpack pieces. "'I'm paying this much money but then it's heavy and by the time it's lunch I just want to throw it away'," Danni recalls people rents the backpacks to masqueraders long enough so that they can pose for photos, but are freed from carrying their load during the and Carnicycle's co-founder Luke Harris – who both hold down full-time jobs in addition to their environmental initiative - are not the only ones dedicating their spare time to making Trinidad's carnival both fun and eco-friendlyLawyer Aliyah Clarke and fashion designer Kaleen Sanois started a side business called 2nd Closet - a pop-up thrift shop where people can buy and sell pre-owned two have also been making video tutorials with tips on how to transform costumes into beachwear and outfits for other told the BBC it was something she first did for herself: "After I was finished with my costume I would rip it apart, literally down to the wire, and figure out how to make this into something else to wear outside of carnival."Now she is sharing her ideas in a video segment the two millennials have dubbed "Tipsy Tuesday".They also offer a closet-sorting service, which involves coming to a person's home and sorting through unwanted clothing, to rescue items fit for sale at their pop-up thrift shop. In what Kaleen believes is a testament to the work they have been doing, they were asked to sort the sprawling closet of Machel Montano, a musician known as the "King of Soca" and a superstar in the carnival world."Clothes are personal things, especially for somebody like Machel who has so many big moments tied to his pieces," Kaleen sorting through Machel's shoes and clothes, 2nd Closet organised a two-day pop-up shop, giving people a chance to buy items worn by Machel on stage and in his music videos."People came with pictures, and were like 'I'm looking for this piece'," Aliyah recalls of fans' enthusiasm for the second-hand costumes and outfits are not the only items being recycled to make Trinidad's festivities more environmentally Fete with the Saints, a party many regard as one of the best of Trinidad's carnival, food is eaten with biodegradable wooden cutlery and the drinks are poured into reusable organisers of the fete - a fundraiser for one of Trinidad and Tobago's top secondary schools – also hire "bin detectives" to ensure patrons properly sort and dispose their rubbish for is estimated that this year the bin detectives helped to more than double the amount of recyclables captured, compared with the two previous years combined. "Over the past three years we've actually prevented over one million single-use plastics from entering the landfill, I think maybe over five tonnes of glass," says Vandana Mangroo, co-founder of Close the Loop Caribbean, a company which started working with the organisers of Fete with the Saints in 2023 to make the event more Hadad, co-chairman of the party's organising committee, says that those behind the event knew that their efforts to make it greener would "add some layer of costs and more labour". But he is adamant "it worked" and insists that the party spirit has not been green efforts are being welcomed by patrons such as Roland Riley, who hailed it as "a good initiative by Fete with the Saints to go that route".
