Newt: Signs Service Agreement with Belvo Open Banking System
- Newt is a Fintech platform that helps businesses interact and transact with their customers and suppliers
- Belvo is the leading Open Finance API platform in Latin America, founded in May 2019 by Pablo Viguera and Oriol Tintoré
- Announced that it has entered into a service agreement (the “Agreement”) with Belvo (“Belvo”) Open Banking API Platform
- Belvo provides technical integration software for bank data aggregation and access to standardized transactional data from individuals
- With this integration it will boost its risk assessment and underwriting capabilities with faster and higher-quality data
- System processes real-time data to simplify accounting and reconciliation procedures for regulatory compliance and settlement functions
