The Financial Data and Technology Association (FDATA), a trade group supporting consumer-permissioned financial data access, has welcomed Prometeo as its latest member. This addition bolsters FDATA’s growing network of more than 30 fintech companies and data platforms operating across the United States and Canada.
FDATA serves as a key advocate for open finance principles, representing organizations that empower millions of consumers and small-to-medium enterprises (SMEs) with digital tools.
These include digital banking solutions, financial management applications, investment platforms, affordable lending options, and other services that rely on secure, user-authorized sharing of financial data.
Founded in 2018, the association promotes policies and standards that foster innovation, competition, and consumer control in the financial sector, while collaborating with regulators on frameworks like open banking.
Prometeo, a fintech infrastructure provider, brings a unique cross-border perspective to the group.
Headquartered in Uruguay and operating extensively in Latin America, the company delivers a single-API platform that connects businesses to over 1,200 financial institutions across 11 countries, including major markets like Brazil, Mexico, and the United States.
Its solutions enable seamless access to banking data, real-time account validation, account-to-account payments, and cross-border transactions—addressing fragmentation in regional financial systems.
By facilitating compliant data aggregation and payments, Prometeo helps global corporations, fintechs, banks, e-commerce platforms, and payment gateways operate more efficiently in complex markets.
Recent expansions, such as its “Borderless Banking” initiative and U.S. market entry for account validation, have positioned it as a bridge between North and South American financial ecosystems.
This membership aligns closely with FDATA’s mission.
As open finance gains momentum in North America—driven by evolving regulations and the need for better data interoperability—Prometeo’s expertise in building scalable, permission-based API networks adds valuable insights.
The company’s emphasis on privacy, regulatory compliance, and user consent mirrors FDATA’s core advocacy for consumer-empowered data access.
The partnership is timely amid rising demand for interconnected financial services.
With Prometeo’s track record in tackling Latin America‘s diverse banking landscape, its involvement is expected to enrich discussions on cross-regional standards, innovation, and best practices.
This collaboration could help shape more unified approaches to open finance across the Americas.
Industry observers view the move as a positive step toward greater global coordination in fintech infrastructure.
By joining forces, FDATA and Prometeo aim to advance a more inclusive, efficient, and secure financial data environment that benefits consumers, businesses, and institutions.