Published on Friday, 21-11-26 13:26
Doconomy enters new market partnering with Sri Lankan bank Commercial Bank of Ceylon
Colombo-based Commercial Bank of Ceylon Plc has entered a partnership with Doconomy to further accelerate their sustainability ambitions. Commercial Bank of Ceylon, with its 3.6 million clients, has been rated as the best bank in Sri Lanka for 20 years by Global Finance Magazine.
“Having finalized this partnership is truly great. Commercial Bank of Ceylon has been keen on using the Åland index impact calculations for quite a while now and we are thrilled to be able to soon offer the updated Åland Index 2.0 to their clients”, says Mathias Wikström, Doconomy Founder and CEO.
The bank is recognized as a trend setter and have maintained the cultural identity while providing a range of products and services. Powered by state-of-the-art technology and driven by a team of highly motivated, dynamic individuals Commercial Bank of Ceylon Plc has become a benchmark in Banking in Sri Lanka.
Flash Digital Bank Account powered by Commercial Bank recently introduced a feature to gauge customer’s carbon footprint on every transaction made through the “Flash” Debit Card, QR, app payments or any other payment. “Flash” also tells customers how much they should invest in an environment benefiting act to off-set their environmental impact.
Commercial Bank believes that partnership and solution offered to develop further in time to come to help save the environment for a better tomorrow.
Commercial Bank’s Head of Retail Products and Digital Channels Pradeep Banduwansa said: “The impact of climate change on our lives is accelerating at a pace we never thought possible. Through the ‘Save the Environment’ feature on the Flash Digital Banking Application, we have introduced financial tools to our users that promote responsibility, accountability and encourage direct action to help build a greener future. Commercial Bank is privileged to be amongst the first movers globally in this space”.
Doconomy, founded in Sweden in 2018, is a world-leading provider of applied impact solutions. Doconomy wants to future-proof life on planet earth by empowering individuals and corporations to take responsibility for their environmental footprint. Firmly believing that the climate crisis can only be solved as a collective, Doconomy is also a partner of the United Nations Framework Convention on Climate Change (UNFCCC), Mastercard, S&P Trucost, the World Wildlife Fund (WWF), and Parley for the Oceans.
About Commercial Bank of Ceylon:
Commercial Bank of Ceylon Plc is the Sri Lanka’s first fully carbon neutral bank and the first Sri Lankan bank to be listed among the Top 1000 Banks of the World, also the only Sri Lankan bank to be so listed for 11 years consecutively, Commercial Bank operates a network of 268 branches and 931 automated machines in Sri Lanka. The Bank’s overseas operations encompass Bangladesh, where the Bank operates 19 outlets; Myanmar, where it has a Microfinance company in Nay Pyi Taw; and the Maldives, where the Bank has a fully-fledged Tier 1 Bank with a majority stake.