ING will work with Cogo to validate its unique capability to integrate their carbon tracking technology into digital banking propositions. The first step will be to develop a proof of concept over the next sixteen weeks.

The Proof of Concept will be developed in a banking context, to demonstrate the capabilities of Cogo’s current technologies. Bob Timmermans, Tribe Lead Digital and Customer interactions at ING: “What if, we as ING contribute to make a difference for a better world. And give our customers next to insights on the financial behaviour also insights into their sustainable behaviour and even nudge them to improve. We are looking forward to explore this with the proof of concept with Cogo”.

ING Labs Brussels also announced earlier that regtech start-up Sygno and data visualisation tool Solidatus will also be part of the 2022 cohort. Pieter-Jan Boiten, Head of ING Labs Brussels : “With this year’s participating scale-ups, we focus more than ever on creating value and taking a leap forward in some of the most strategical topics for ING. With sustainability being one of them, we are welcoming Cogo to our ING Labs Brussels family.”

”This project is a significant step towards further exploring the potential benefits of carbon tracking for banking customers” said Emma Kisby, UK and Europe CEO, Cogo. “We’re excited to get started and benefit from the extensive experience and knowledge of a top-tier bank like ING. Having shown an impressive ongoing commitment to its own sustainability over the past years, they are as passionate about tackling the climate challenges as us.”