Belvo has introduced its Intelligent Ecosystem, a collection of AI-powered decision-making tools designed for open finance infrastructure in Latin America. The update comes with an updated brand identity as the Spain-based company positions itself as an AI-focused partner for financial institutions and enterprises in the region.
This new toolset aims to streamline operations by automating a variety of processes, including risk assessments and payment recovery, using models trained on transaction data. The primary goal is to address ongoing challenges in open finance where traditional analysis and integration complexities have impeded wider adoption despite the sector’s growth.
Features and intended applications
The Intelligent Ecosystem addresses three key areas. Firstly, it claims to accelerate data insight extraction by ten times, mitigating analytical bottlenecks and hastening decision-making processes. Secondly, the platform enables the creation of customized API endpoints and business logic, facilitating seamless integration with existing systems. Lastly, it leverages behavioral financial intelligence to pinpoint optimal payment triggers and automate recovery negotiations, promising up to a 20% boost in recovery rates.
These features are particularly beneficial for lending and payments sectors, where speed and data accuracy significantly impact commercial outcomes. Existing partners have reported reductions of 50% in credit risk and increases of 20% in loan assignments following the deployment of proprietary models.
Scope and market positioning
Belvo currently handles over 80 million connected accounts across Latin America and processes an annualized total payment volume exceeding USD 1 billion. In Brazil, it manages more than 10% of all open finance consents, a dataset that serves as the backbone for predictive models in the region.
Its client base includes major financial institutions such as BBVA, Nubank, Banco Azteca, Banamex, Smart Fit in Mexico and Inter, Creditas, Mercado Pago, Thomson Reuters, and Latam Airlines in Brazil. To date, the company has secured USD 71 million in funding from investors including Kaszek, Quona Capital, Visa, and Citi.
Founded in May 2019, Belvo serves over 150 clients primarily operating in Brazil and Mexico. This launch marks a broader move among open finance infrastructure providers towards integrating AI directly into their platforms, expanding beyond mere data aggregation and payment initiation to encompass automated decision-making. As open finance regulations continue to evolve, particularly in Brazil, the ability to convert compliance-driven data access into commercial value through AI could prove decisive for platforms operating in the region.
