• Ecolytiq, a German SaaS provider that enables banks to calculate their customers’ carbon footprint, has partnered with Snowdrop Solutions, a British data enrichment service provider, to enhance climate awareness in banking.

• The partnership integrates Ecolytiq’s carbon footprint technology with Snowdrop’s transaction data, including precise categorization of the location of banking transactions, retailer logos, ESG ratings, directions, and business hours of sustainable merchants. 

• Ecolytiq and Snowdrop will initially focus on the European banking sector and plan to work closely with Visa for future collaborations. 

<ul><li> Analyst QuickTake: Ecolytiq previously partnered with TapiX , an API-based solution provider of payment data, to measure the carbon footprints of consumer spending in February 2022.</ul>