Prometeo, a financial infrastructure specialist, and Fiskil, an Open Data solutions provider, have announced a strategic alliance. Their collaboration aims to deliver a comprehensive, end-to-end Open Finance solution for the Colombian market. This initiative responds directly to the country's advancing regulatory framework, which mandates standardized data sharing for financial institutions.
Navigating Colombia's Evolving Regulatory Landscape
Colombia has been methodically building its Open Finance framework through key regulations like Decree 1297 of 2022 and Circular Externa 004 of 2024. These policies establish technical standards and security protocols for a mandatory data-sharing model among supervised financial entities. This regulatory push necessitates the adoption of robust and standardized technological infrastructure to ensure compliance and interoperability across the system.
Bridging the Gap Between Policy and Practice
The primary challenge for the Colombian market is not the regulation itself, but its practical implementation. According to Roberto Gaudelli, Commercial Director at Prometeo, the key is transforming the legal framework into an operative, reliable, and scalable infrastructure. The partnership between Prometeo and Fiskil is designed specifically to address this execution gap for the entire financial ecosystem.
A Synergistic Combination of Technologies
The joint offering leverages the distinct strengths of both companies to create a unified solution. Prometeo contributes its established regional network of banking APIs, which provides a standardized connectivity layer for secure access to financial data. This infrastructure supports critical functions like account aggregation, information validation, and payment processing under high availability and compliance standards.
Complementing this connectivity, Fiskil provides its enterprise platform tailored for data providers. This technology enables institutions to expose information in compliance with regulations, manage user consent, and integrate with participant directories. It also generates essential business and regulatory metrics, which facilitates system supervision and ensures complete traceability for all data exchanges.
A key feature of the combined solution is its operational flexibility, available through SaaS, PaaS, or on-premise models. This adaptability allows institutions of all sizes to align with current and future regulatory requirements effectively. Karol Benavides, Regional Director at Fiskil, emphasized that sustainable Open Finance requires tools that give institutions control while reducing their operational burden.
Unlocking New Opportunities Beyond Compliance
This strategic alliance aims to do more than just ensure regulatory adherence for Colombian financial institutions. The unified architecture connects a bank's core systems directly with data consumers, creating a foundation for innovation. It is designed to enable new business models built upon secure, real-time access to financial information and services.
By providing a seamless and secure data exchange framework, the solution empowers fintechs and traditional banks alike. They can now develop and monetize new digital services, create more personalized customer experiences, and improve financial products. This ultimately fosters a more competitive and dynamic financial landscape, benefiting both businesses and end-users across Colombia.
The collaboration between Prometeo and Fiskil marks a significant milestone for the implementation of Open Finance in Colombia. By offering a comprehensive, end-to-end solution, the partnership provides the market with the critical infrastructure needed to navigate regulatory complexities. This move is poised to accelerate innovation, enhance security, and unlock the full potential of a connected financial ecosystem.