Prometeo, a top fintech infrastructure company connecting global businesses with financial institutions across Latin America and the United States, has announced the launch of Borderless Banking—a seamless solution designed to optimize cross-border financial operations.
This API-driven product integrates directly with banking infrastructure in both regions, offering businesses a comprehensive platform to manage local and international transactions efficiently. With Borderless Banking, companies can:
- Open local bank accounts to receive payments and automate collections.
- Facilitate cross-border payments with real-time tracking and enhanced transparency.
- Gain full visibility into global treasury operations, ensuring real-time balance monitoring across multiple accounts.
- Minimize financial risks with advanced account verification and security measures.
Bridging the Gap in Cross-Border Banking
“Traditional banking solutions have struggled with integration across financial ecosystems, making it difficult for businesses to expand internationally,” said Ximena Aleman, Co-Founder and Co-CEO of Prometeo. “With Borderless Banking, businesses can seamlessly receive cross-border payments, manage foreign collections, and transfer funds securely and transparently. Our fully automated, API-driven platform ensures real-time fund visibility and compliance.”
A Growing Market for Digital Payments
As Latin America’s trade with North America surpassed $507 billion in 2022 and intra-regional commerce reached $228 billion, efficient payment rails remain crucial. However, only 30% of transactions in LatAm are digitized, leaving room for significant improvement. The global cross-border payments market is projected to grow at an 11% CAGR, reaching $1.368 trillion in volume over the next decade and generating up to $303 billion in revenue.
Secure, Transparent, and Compliant
Prometeo’s solution provides businesses with full transparency, tracking each transaction from initiation to settlement in real time. With ISO 27001 certification and 24/7 system monitoring, the platform combines enterprise-grade security with an intuitive digital experience.
Currently available in the U.S., Mexico, Brazil, Colombia, and Argentina, Prometeo plans to expand its coverage rapidly. This launch follows the company’s U.S. Bank Account Validation solution, introduced in June 2024, which allows Latin American businesses to connect with 100% of U.S. banks via a single integration.
By revolutionizing financial connectivity between the U.S. and Latin America, Prometeo is setting a new standard for cross-border banking, making international expansion more accessible and efficient for businesses.
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