Iniciador accelerates Open Finance democratization with new connectivity products
Payment initiation emerges as the ideal payment method — one that not only simplifies and speeds up operations, but also significantly improves security in a market where risk is always lurking.
Iniciador is moving forward on its mission to democratize Open Finance with the launch of two new products: Cadastro Expresso and Data Connect.
These solutions aim to simplify access to the benefits of regulated Open Finance, removing the need to handle the ecosystem's complex integrations and certifications — a responsibility now assumed by Iniciador ITP.
"Control over your own banking data is an important step in democratizing financial services and giving consumers autonomy. Data integration strengthens our strategy of democratizing Open Finance's capabilities and reinforces our payments proposition. With Pix Automático and Pix Inteligente arriving in Open Finance in April 2024, combining data and payments will open the door to entirely new financial products that address significant pent-up demand," says Gustavo Bresler, COO at Iniciador.
Cadastro Expresso: Conversion and risk are no longer a trade-off
Picture near-instant onboarding — just 2 clicks, similar to "log in with social network." Now add the guarantee that the shared data has already been verified by a bank. That's what Cadastro Expresso delivers, accelerating identity verification. The product is aimed at fintechs, brokerages, and digital banks, optimizing CAC and boosting onboarding conversion rates — without compromising security. It's also offered as white label for antifraud, Reg Tech, and ID Tech providers, who can use data previously verified by financial institutions to strengthen their models.
Data Connect: Turning banking data into financial intelligence
A solution that simplifies and democratizes real-time banking data sharing. Built for personal financial managers (PFMs), ERPs, and risk analysis on financial products, the platform delivers accurate, up-to-date banking information, saving time and resources. Data standardization and a single API make integration easy, while data security stays a priority across the board.
Open Finance is already a success in Brazil, with more than 13% of the Brazilian population taking control of their own financial data. Today, more than 40 million accounts are connected across roughly 100 institutions. Iniciador believes in the technology's potential to transform the financial system — making it more integrated into consumers' daily lives and less dependent on bureaucratic, complex processes. Iniciador's connectivity products are here to unlock these new possibilities, making them more personalized and accessible while accelerating our clients' time to market.
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