Uruguayan fintech Prometeo launched Borderless Banking to simplify B2B financial operations between the US and Latin America. The announcement follows the launch of Prometeo’s US Account Validation product in June 2024.
Prometeo’s open banking platform offers APIs for transaction processing and banking data connections, enabling payments, identity verification, risk assessment, and financial management.
Borderless Banking enables businesses to offer local bank accounts, automate collections, track international transfers in real time, and integrate account verification and fraud prevention. Borderless Banking is available in the US, Mexico, Brazil, Colombia, and Argentina.
“Legacy cross-border banking solutions have historically struggled to integrate between financial infrastructures, creating significant challenges for businesses to access new markets. Our solution will promote access to payment rails in the region, which remains largely manual and only 30% digitized,” said Ximena Aleman, Co-Founder and Co-CEO of Prometeo.
Founded in 2018, Prometeo offers over 1500 API connections to more than 1200 financial institutions across 11 countries.
