The message coming out of COP27 is clear: we must unite to deliver climate action at scale to avoid a global temperature increase of 2 degrees by the end of the century. Many people are deeply concerned about this challenge but feel powerless to make a difference. We must remember there are small actions each of us can take every day that help reduce our carbon footprint.
Yayzy’s Carbon Footprint Calculation technology has been helping people take positive action with capabilities that include carbon footprint tracking for payment transactions alongside sustainable alternative suggestions for footprint reduction, and carbon offsetting. The API driven technology is now available for banks and FinTechs to integrate directly within their mobile apps, so the carbon footprint of each transaction can be calculated instantly. Since its launch in 2019, Yayzy’s own app has scaled to 31 countries with connections to 2,500 banks.
Today, we’re excited to announce the Yayzy Carbon Footprint Calculator has enhanced it’s capabilities by moving to the IBM Cloud as part of its continued business expansion. The transformation will provide Yayzy with the high levels of security required by financial institutions to comply with stringent industry regulations. As the business expands, being on IBM Cloud will allow Yayzy to scale rapidly worldwide in line with demand and leverage other advanced software capabilities, from AI and Machine Learning to cyber-security solutions.
Banks and FinTechs globally will now have the opportunity to integrate the Yayzy Climate Impact APIs into their mobile banking apps as an embedded service to make the secure Carbon Footprint Calculator available to customers. In addition, IBM Cloud will enable Yayzy to take a hybrid cloud approach and allow banking clients to choose where to run the technology, in the cloud, on-premises or in a hybrid cloud environment.