The Financial Data and Technology Association (FDATA) has welcomed a new member, Prometeo.
Prometeo is a financial technology company serving Latin America and the United States. Its membership with FDATA reflects its commitment to participating in discussions on secure data sharing and consumer consent frameworks in an increasingly interconnected financial landscape.
Prometeo specializes in bank connectivity, account verification, payment initiation, and access to financial data. Through its multi-bank API platform, Prometeo facilitates automated account information and transactional services across a broad regional footprint.
Engagement in Open Finance Policies Across the Americas
This membership coincides with growing interest in harmonizing regulatory approaches for open banking and finance initiatives across North and Latin America. FDATA officials noted that Prometeo’s diverse market presence will offer valuable insights into secure data sharing, consumer consent mechanisms, and payments modernization.
As part of its new association, Prometeo will participate in regulatory discussions and industry consultations led by the FDATA. These activities aim to foster consistent policy approaches across regions, reflecting an increasing role for infrastructure providers in the regulatory process as financial systems become more interlinked.
Prometeo representatives emphasized that joining FDATA aligns with their mission of developing scalable and secure financial infrastructures throughout the region. The company sees this membership as a platform to contribute to discussions on how open finance models can be effectively implemented, ensuring compliance and robust data protection standards are maintained across borders.
With its extensive network connecting over 1,500 financial institutions in 11 Latin American countries, Prometeo plays a critical role in ongoing debates about extending open finance frameworks beyond domestic markets while upholding regulatory requirements. FDATA continues to promote collaboration between fintech firms, data access platforms, and policymakers as these models continue to evolve.
