Prometeo, a Montevideo-based fintech firm focused on technology infrastructure, and Jumio, a California-headquartered company specialising in AI-driven identity intelligence, have entered into a strategic partnership aimed at enhancing identity verification and bank account validation across Latin America.

The collaboration brings together Prometeo’s regional banking network and Jumio’s biometric authentication and data analytics capabilities.

The integrated solution is designed to support sectors such as digital banking, fintech, online payments, e-commerce, and gaming by streamlining user onboarding and payment reconciliation processes.

With both identity and account verification available through a single access point, companies can reduce operational time, mitigate fraud, and improve user experience while maintaining regulatory compliance.

“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.

The solution provides a modular approach to digital onboarding, enabling organisations to confirm account ownership and authenticate users via biometric data within a single flow.

This is expected to support higher conversion rates and adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements across the region.

“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,”

said Pilar Pereira, Strategic Alliances Manager for Latin America at Jumio.

“This alliance integrates advanced AI capabilities, data analytics, and user behaviour 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.”

The agreement reflects ongoing efforts to improve digital identity verification infrastructure in Latin America, offering a scalable and secure option for firms seeking to enhance their onboarding processes.

Featured image credit: Edited by Fintech News America, based on image by Trend2023 via Freepik