Prometeo and Jumio form alliance on identity and account validation in LatAm
0
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Together, they offer a more robust and secure solution for identity authentication and bank account validation across the region.
This integration provides fintechs, digital banks, payment gateways, online gaming platforms, and e-commerce companies, among other sectors, with access to a unified solution that simplifies key processes such as user onboarding and payment reconciliation. By combining identity verification and account validation into a single access point, it becomes possible to reduce operational times, prevent fraud, and deliver a faster and more secure user experience.
'This alliance allows us to offer stronger bank account validation, a key element in any authentication process. We're no longer just confirming whether an account exists — we're also verifying who's behind it, which redefines how fintechs and digital companies build fast and efficient onboarding processes,' said Roberto Gaudelli, commercial director at Prometeo. 'We're proud to reach this milestone, which adds an extra layer of security and trust for our clients.'
This collaboration represents a significant step forward for the financial ecosystem: a modular, integrated solution that addresses real challenges in digital onboarding. Through a single flow, organizations in Latin America will be able to verify that an account truly belongs to the applicant and validate their identity using biometrics. This translates into faster processes, higher conversion rates, and compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) standards.
'Connecting our best-in-class biometric verification technology with the largest banking network in Latin America not only delivers a more complete solution to the market, it also raises the bar for security and efficiency. This alliance integrates advanced AI capabilities, data analytics, and user behavior interpretation, elements that truly make a difference and allow us to offer a robust, intelligent solution designed to tackle one of the region's biggest challenges,' said Pilar Pereira, strategic alliances manager for Latin America at Jumio.
Key benefits of the alliance include:
• Simultaneous identity and bank account verification in a single flow.
• Reduced fraud risk and improved detection of suspicious activity.
• Compliance with local and international regulations.
• Scalable, agile solution adaptable to organizations of all sizes.
By joining forces, Prometeo and Jumio are raising the bar for verification in Latin America and setting a new regional benchmark. This alliance strengthens business models that demand agility, security, and scalability, benefiting clients who seek robust, efficient, and frictionless user experiences.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Reuters
22 minutes ago
- Reuters
Breakingviews - Adyen's US-China shock flags wider tariff threat
LONDON, Aug 14 (Reuters Breakingviews) - One of Europe's most richly valued fintech giants just got a rude tariff awakening. As much as $10 billion was initially wiped off Adyen's ( opens new tab $54 billion market value on Thursday after the Dutch payments group cut its 2025 sales forecast, blaming weaker volumes from big Chinese merchants selling to U.S. customers. But while its issues have a specific cause, similar hits from U.S. tariffs will affect other companies far and wide. On the face of it, Adyen's selloff seems disproportionate. Its first-half sales still rose 20%, and the annual guidance change is that this year's growth will now likely match the 2024 pace of 23% rather than accelerate. Yet with the stock trading at around 41 times 2025 earnings, according to analyst forecasts compiled by Visible Alpha, sky-high expectations left little margin for error. Either way, the culprit is clear. The suspension of the de minimis rule, which allowed goods under $800 to enter the U.S. tariff-free, weighed particularly on Adyen's largest online retail merchants in China, according to a person familiar with the situation. U.S. President Donald Trump had scrapped, opens new tab the de minimis exemption for China in May, hitting PDD's (PDD.O), opens new tab Temu and Shein, which both ship from the People's Republic. Daily U.S. users of Temu dropped, opens new tab 52% in May compared to March, while Shein's fell 25%, Sensor Tower data shows. Because Adyen makes money from online retailers by charging transaction-based fees, it felt the pain too - even though the company has not disclosed whether either Temu or Shein are big clients. Investors may hope that Adyen's issues are isolated and specific to the payments industry. Still, in August Trump extended the de minimis suspension to all countries, making transshipment harder. And broad-based tariffs that now mean an U.S. effective tariff rate of 19%, its highest since 1933. Given the de minimis rules were a well-understood and specific problem, it's a surprise that the market didn't see them coming and price Adyen's shares accordingly. That doesn't say much for companies in other sectors' chances of similar results-day lurches in future. Trump's promised tariffs on areas like pharmaceuticals remain unknown, and other ones are constantly shifting as he changes his mind. Rather than a one-off, Adyen's travails may represent a new normal. Follow Yawen Chen on Bluesky, opens new tab and LinkedIn, opens new tab.


Reuters
22 minutes ago
- Reuters
Fintech Klarna's second-quarter revenue up 20% year-on-year
OSLO, Aug 14 (Reuters) - Swedish fintech Klarna, which in April paused plans for an initial public offering in the United States, said on Thursday its second-quarter revenue grew 20% from a year ago on a like-for-like basis while adjusted profits increased slightly. Klarna's April-June revenue grew to $823 million in the quarter, while its adjusted operating profit stood at $29 million, an increase of $1 million from the same quarter of last year, its earnings report showed. The number of active Klarna customers rose to 111 million in the quarter, an increase of 31% year-on-year, the company said. Klarna, which helped reshape online shopping with its short-term financing model, in April halted its plans for a U.S. stock market listing amid recession fears and uncertainty over tariffs, sources familiar with the situation said at the time. The company had made its paperwork public in March for a long-awaited stock market debut, after it started the process of going public for a second time in three years in November 2024. Klarna did not say when it might resume an initial public offering. Bloomberg, citing unnamed sources, last month reported that the company's IPO could take place as soon as September.

Finextra
2 hours ago
- Finextra
Manchester United FC names Sokin official global business payment solutions partner
Manchester United has today announced a multi-year agreement with Sokin, appointing the UK-headquartered fintech company as the club's Official Global Business Payment Solutions Partner. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The partnership marks a major step forward in Manchester United's commitment to enhancing its global operations through smarter, faster, business-to-business payment solutions. Sokin will provide the club with its industry-leading global business payments platform, powering seamless and efficient international business-to-business transactions. As a new era payments company, Sokin leverages AI to generate efficiencies across its platform, passing on cost savings directly to clients. The company's comprehensive platform streamlines cross-border accounts payable, receivable, and treasury operations, giving businesses the clarity and control to scale globally. Sokin has previous expertise in supporting the global sport industry business-tobusiness payment landscape, having partnered with a range of top European football clubs as well as the British & Irish Lions for the Test series in Australia this summer. Marc Armstrong, chief business officer at Manchester United, said: "We are delighted to welcome Sokin to the Manchester United family. Their global business payments infrastructure and forward-thinking approach align perfectly with our commitment to delivering best-in-class services and experiences to our fans and partners across the world." Vroon Modgill, chief executive officer of Sokin, said "Partnering with Manchester United, one of the most iconic teams in global sport, represents a pivotal moment for Sokin and demonstrates the scale we've achieved as a business. The way United connects with hundreds of millions of supporters in every corner of the globe, mirrors our own ambition to empower businesses of all sizes to operate internationally, with ease and efficiency. This partnership perfectly embodies our mission to break down the barriers to global commerce – there's no better partner than a club that defines what it means to be truly global."