Finerio Connect, Ozone API and Visa Collaborate to Facilitate Open Banking for Financial Institutions
in Latin America & the Caribbean

This collaboration between Finerio Connect, Ozone API and Visa enables any financial institution in the region to plan and deliver open banking strategies and supporting technology.

Finerio Connect, a Mexican fintech, together with Ozone API and Visa announce their collaboration to support financial institutions in Latin America & the Caribbean to navigate open banking. Collectively, the three companies will offer an end-to-end set of tools and capabilities enabling rapid implementations – according to market readiness and compliance requirements.

The term open banking refers to the sharing of consumers’ financial data, with their consent, to trusted third parties that, in turn, create and distribute novel financial products and services.

With that, and as part of Finerio Connect, Ozone API and Visa’s collaboration, the Finerio API Hub will bring together the capabilities of the three partners within a white-label modular solution enabling financial institutions to comply and compete in open banking. It includes the Ozone API platform enabling banks to publish compliant and premium APIs – it also provides access to bank aggregation, data analysis, end user experiences and other Finerio Connect services. Visa will promote its expertise, capabilities, and value-added services by offering its data assets, APIs, and payment capabilities to develop use cases and innovative solutions and including the offer of Finerio Connect and Ozone API to financial institutions allowing consumers to benefit from open banking.

Finerio Connect was the first company in Latin America to develop open banking solutions and is the leader in providing open banking infrastructure in the region. It offers account aggregation, data handling and a Personal Finance Manager (PFM) app to more than 75 companies in Latin America.

“When we founded Finerio Connect, we realized how difficult it is to implement an open banking solution, but also visualized the impact it can have on the end user. We created Finerio Connect so that all the knowledge, experience, and infrastructure that we built could be shared with financial institutions. We designed a work plan so they can adopt an open banking infrastructure from day one,” commented José Luis López, CEO from Finerio Connect.

Open banking is a natural evolution of Visa’s 60-year history of being a global payments network that securely connects consumers, sellers, developers, fintech and financial institutions.

“Working with our partners in the ecosystem, our focus in open banking is to foster innovation, bringing our network capabilities and value-added services to facilitate safe and reliable connections for financial institutions to offer consumers more options that allow them to take control of their financials and data,” commented Romina Seltzer, Head of Products & Innovation for Visa LAC. “Now, the ecosystem is beginning to appreciate that open banking also provides opportunity for traditional financial services to expand their offering to existing and new customers with products and services that are tailored and relevant.”

Ozone API has played a significant role in open finance around the world. The founding team led the development of the open banking standards in the UK and continue to shape standards around the globe. Ozone API is the leading regulatory API solution in the market that enables banks to move beyond compliance.

“Ozone API has been involved in the development of open finance standards from the very beginning, so we understand where the real complexity is and how to make it work for all parties, banks, the third parties and most importantly end-users,” commented Huw Davies, co-founder and CCO at Ozone API. “We founded Ozone API as we saw how difficult, expensive and time-consuming banks were finding it to deliver high quality, standards-based open APIs.”

Despite the natural benefits of open banking in enabling third-party data access, adoption has been slow in some regions. However, the advantages of enabling optimal open banking implementations have captured the attention of companies like Finerio Connect, Ozone API and Visa who partner to enable the acceleration of open banking initiatives.

Finerio Connect, in fact, was the winner of the 5th edition of the Visa Everywhere Initiative (VEI) in 2021 and was chosen to represent the region of Latin America and the Caribbean in the world finals where it placed in second place. The VEI is now a network of 8,500 startups around the world and growing. Since its 2015 launch, the program has helped startups in more than 100 countries collectively raise more than $16 billion in funding, addressing one of the biggest challenges that entrepreneurs face in their startup years. Every year, the competition has expanded to include unique startups solving unique problems in the world of payments.

About Finerio Connect

Finerio started as a personal finance management platform in 2016, and in early 2020, it launched Finerio Connect, it’s all-in-one financial API solution. Thanks to their direct experience in the market, they quickly became one of the leaders in the Latin American financial ecosystem with products focused on Open Banking, data enrichment and personal finance management. Its mission is to democratize the best data-driven solutions for any institution in the region.

Finerio Connect has some of the most important banks, neobanks and fintech in the region as clients. Its solution receives more than 6 million requests per month and is fully adapted to the needs of the Spanish-speaking Latin American market, with an API solution ready for any type of financial institution to implement. Learn more at

About Ozone API
Ozone API started by developing a reference implementation for the UK Open Banking Implementation Entity (OBIE) – essentially the model example of how to build to the standard. From there, we created an API platform that helps banks and financial institutions deliver great, standards-based open APIs which handle the complexity of open banking and open finance.The Ozone API software allows banks to be fully aligned to open finance standards in markets around the world. We can enhance any account provider’s existing technology, enable regulatory compliance, and provide them with the right tools to go way beyond compliance and drive real commercial growth. Ozone API powers open banking implementations of over 50 banks and financial institutions across the world, with a strong footprint in the UK, Europe, Latam and the Middle East with clients such as Tide and Monese. For more information, visit

About Visa

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable, and secure payment network – enabling individuals, businesses, and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device, for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network, and scale to reshape the future of commerce. For more information, visit About Visa, and @VisaNews

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Finerio Connect, Ozone API and Visa Collaborate to Facilitate Open Banking for Financial Institutions
in Latin America & the Caribbean

Finerio Connect, a Mexican fintech, together with Ozone API and Visa announce their collaboration to support financial institutions in Latin America & the Caribbean to navigate open banking.

Ozone API
08, Jun 2022