We’re thrilled to introduce Borderless Banking, our latest solution designed to streamline business-to-business (B2B) financial operations between Latin America and the United States. As a leading fintech infrastructure company, we continue to bridge the gap between global corporations and financial institutions, making cross-border transactions more seamless and efficient.
With Borderless Banking, we’ve integrated directly with banking infrastructures across the U.S. and LatAm to offer businesses a comprehensive financial solution. Through a single platform, it enables access to local bank accounts for receiving payments and automating collections, facilitates international payment disbursement with real-time tracking, and optimizes global treasury management by ensuring visibility of balances in all accounts. Additionally, it incorporates account verification to minimize risks and enhance security in every transaction, giving businesses greater confidence and efficiency in their international operations.
“Legacy cross-border banking solutions have historically struggled to integrate between financial infrastructures, creating significant challenges for businesses to access new markets,” said our Co-Founder and Co-CEO Ximena Aleman. “With our Borderless Banking product, clients can seamlessly receive cross-border payments, open accounts for collections in foreign markets, and transfer funds across borders with full transparency. Built with a fully automated, API-driven experience, this solution provides real-time visibility into fund movements under a secure and compliant framework”.
As LatAm imports from North America reached $507 billion in 2022 and intra-regional trade flows among LatAm countries reached $228 billion in the same year, our newest solution will promote access to payment rails in the region, which remains largely manual and only 30% digitized. The global cross-border payments market is projected to grow at an 11% compound annual growth rate (CAGR) over the next decade, reaching a total volume of $1.368 trillion and generating revenue between $57 billion and $303 billion.
Businesses using our cross-border product are provided full transparency and traceability with their funds while tracking every payment, from initiation to settlement with real-time visibility. With ISO 27001 certification and 24/7 system monitoring, we couple enterprise-grade security and reliability with a seamless digital user experience.
We’re launching this solution in the U.S., Mexico, Brazil, Colombia, and Argentina, with plans to expand even further. This milestone builds on our U.S. Bank Account Validation offering, announced in June 2024, which allows Latin American businesses to connect with 100% of U.S. banks through a single API.
At Prometeo, we’re redefining cross-border financial connectivity—one seamless transaction at a time.
