Finerio Connect provides an API for Open Banking and Personal Finance Management in Latin America, enabling the integration and management of personal and third-party financial data. The platform enhances financial analytics and customer experiences for banks and lenders, facilitating real-time risk assessments and compliance with local regulations.
Funding
$8.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PATPVCVFounders
Product
Problem
Financial institutions in Latin America face challenges in efficiently integrating and managing financial data from various sources, hindering their ability to provide personalized banking experiences and accurate risk assessments. Compliance with evolving Open Banking and Open Finance regulations adds further complexity and cost.
Solution
Finerio Connect offers an Open Finance platform that enables financial institutions to aggregate, manage, and leverage financial data from both personal and third-party sources. Through a unified API, the platform facilitates the creation of personalized banking experiences, enhances risk assessment accuracy, and streamlines regulatory compliance. By providing access to real-time financial data and advanced analytics, Finerio Connect empowers banks and lenders to optimize their services, reach new customer segments, and drive revenue growth. The platform's modular technology infrastructure and local expertise in LATAM ensure seamless integration and adaptation to evolving regulatory landscapes.
Target Audience
Finerio Connect primarily targets banks, lenders, and fintech companies in Latin America seeking to enhance their data capabilities, personalize customer experiences, and comply with Open Banking and Open Finance regulations.
Features
- Unified API for seamless integration of diverse financial data sources
- Real-time financial data aggregation and management
- Advanced analytics for enhanced risk assessment and personalized offerings
- Automated data categorization with local intelligence tailored for the LATAM market
- Modular technology infrastructure for flexible adaptation to specific needs
- Robust compliance measures for Open Banking and Open Finance regulations in LATAM
- Banking Financial Management (BFM) tools for personalized customer experiences within existing banking apps
- Secure data transmission and storage