A new layer of trust, security, and precision for financial institutions navigating rising fraud risks in the U.S. market.

Prometeo Introduces Name Match: A New Standard for Bank Account Ownership Verification in the U.S.

Prometeo — the leading Open Banking infrastructure provider in Latin America — has expanded its U.S. presence with the launch of Name Match, a new verification layer designed to confirm actual bank account ownership, not just account existence.

In a market where fraud is rising, ACH returns remain costly, and compliance burdens continue to grow, Name Match adds a much-needed layer of intelligence to bank-account verification workflows.

With this launch, Prometeo strengthens its position as a trusted partner for fintechs, lenders, payroll providers, and platforms requiring precise, real-time account authentication.

The launch comes at a critical moment for U.S. financial institutions — where identity assurance has become central to risk management.

Why Prometeo’s Name Match Matters Now

The U.S. financial ecosystem faces several immediate pressures:

• fraud in digital onboarding is reaching record levels
• account-takeover attacks have grown sharply
• ACH returns cost companies millions annually
• regulators continue to push for stronger identity controls
• businesses serving gig workers and SMBs need real-time verification

Traditional bank verification often confirms only whether an account exists.

But it rarely confirms who the account belongs to.

That gap creates opportunities for:

• incorrect payments
• fraudulent payouts
• compliance failures
• onboarding loopholes
• mismatched beneficiary claims

Prometeo’s Name Match directly addresses this gap.

What Exactly Is Name Match?

Name Match is an enhanced data layer within Prometeo’s bank-account verification solution for the U.S. market.

It evaluates:

• the name provided by a user
  against
• the name associated with the bank account on file.

If the names match (exactly or partially depending on the client’s configuration), the system provides a positive verification.

If they do not match, the response indicates a discrepancy — allowing the platform to:

• stop the payment,
• request additional identity documents, or
• flag the case for manual review.

This simple but powerful feature significantly reduces errors, fraud attempts, and identity mismatches.

In short: Name Match verifies ownership, not just account validity.

Why the U.S. Market Needs This Upgrade

1. Identity Fraud Is Growing Fast

Digital financial services have created a “perfect storm” for fraudsters.
In the U.S.:

• identity theft surged during digital onboarding waves
• synthetic identity fraud continues to hit lenders
• account takeover attacks are increasingly sophisticated

Traditional account verification is no longer enough.

Name Match adds a trust layer at the moment of onboarding — when risk is highest.

2. ACH Failures & Mismatches Are Costly

ACH returns for incorrect names or mismatched accounts:

• create operational friction
• delay customer onboarding
• cost money
• damage customer experience

Name Match reduces these costly “NOC” (Notification of Change) errors by confirming account ownership upfront.

3. Compliance Pressures Are Increasing

Industries such as:

• lending
• digital banking
• gig-economy payments
• payroll platforms
• remittance services

must demonstrate strong controls against fraud and misdirected payouts.

With Name Match, businesses can produce audit-friendly ownership evidence, improving compliance readiness.

How Name Match Works: Behind the Technology

Prometeo’s U.S. infrastructure leverages:

• secure bank-data connectivity
• intelligent matching algorithms
• layered identity evaluation
• fallback logic for partial matches
• uniform data structuring across banks

The system does not store personal user data.
Instead, it processes the verification request and returns:

• a match
• a partial match
• a mismatch
• insufficient data

This empowers businesses to make decisions instantly, without adding friction for end users.

The Use Cases: Who Benefits Most?

1. Fintech Lenders

Lenders rely heavily on accurate bank-account verification.

Name Match helps them:

• ensure borrowers own the accounts they connect
• prevent synthetic identity fraud
• reduce chargebacks
• improve repayment reliability

2. Payroll & Gig-Economy Platforms

For companies sending payouts to freelancers, drivers, creators, or contractors:

• a mismatched account can trigger costly reversals
• payouts can go to the wrong person
• compliance issues arise

Name Match ensures the recipient is the true owner.

3. B2B Platforms & Marketplaces

Platforms handling vendor payments often onboard thousands of businesses.

Ownership verification reduces:

• fraudulent vendor accounts
• incorrect settlements
• disputes over payment routing

4. Neobanks & Digital Wallets

Neobanks integrating ACH transfers or account linking require stronger trust signals.

Prometeo provides exactly that.

Strengthening Prometeo’s U.S. Strategy

Prometeo began expanding into the U.S. with its account validation and balance check solutions.

The launch of Name Match:

• reinforces its capability
• aligns with U.S. fraud-mitigation priorities
• offers a more complete verification stack
• positions Prometeo as competitive against major U.S. data providers

It is also a smart strategic step for Prometeo’s long-term vision of:

becoming the leading Open Banking infrastructure across the Americas — north and south.

The Bigger Picture: Open Banking Meets Identity Assurance

Identity verification is evolving.

Open banking is not just about data access.
It’s about secure, trusted financial interactions.

Prometeo’s Name Match represents the shift toward:

• richer data layers
• real-time identity assurance
• smart compliance tools
• multi-signal account verification

Financial institutions increasingly want solutions that combine both speed and security — without adding onboarding friction.

Prometeo’s newest feature hits that balance.

Industry Impact: Why This Launch Is Important

Prometeo’s Name Match strengthens trust across the entire U.S. digital payments ecosystem by:

• reducing fraud
• improving ACH success rates
• lowering operational costs
• enhancing identity verification
• improving user onboarding flows
• supporting regulatory expectations

It also brings a Latin American open-banking innovator deeper into the U.S. market, promoting competition and modernization.

Conclusion

Prometeo’s launch of Name Match marks an important milestone in the evolution of U.S. bank-account verification.

As digital financial services scale and fraud risks rise, financial institutions need more than basic account validation — they need ownership confirmation.

Name Match delivers exactly that:
a precise, real-time identity check built into the bank verification process.

This is more than a product enhancement.
It is a move toward a safer, more transparent U.S. financial ecosystem — and another step in Prometeo’s mission to modernize open banking across the Americas.

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