Dock has made a platform company can use to help customers in Latin America get financial services.
Dock said in a press release on Tuesday, January 17, that the new Dock One cloud-based platform lets companies add new businesses and grow in Latin American countries through a single application programming interface (API).
“The release of Dock One is perhaps the most significant technological shift in our company’s history,” Dock CEO Antonio Soares said in the release.
“Our clients have the benefit of not only access to the best available technology but also access to Dock’s experts who fundamentally understand business in LatAm and can consult on the best solutions to help our clients reach their goals.”
Leaders in the FinTech industry, the government, and financial institutions all over Latin America are trying to reduce the use of cash to boost economic growth, keep up with a world that is becoming more digital, and help more people access money.
Even though there is still a long way to go to ensure everyone in the region has access to financial services, the “Digitizing Payments in Latin America Playbook” shows that digital transactions are slowly becoming the norm for banked people.
In a December interview, Worldline’s Global Head of Digital Goods and Services, Michael Bilotta, said that localizing payments is a way to meet the growing demand in Latin America.
“Payments are the linchpin that ensures you can monetize your service because, without an effective payment stack, everything falls apart,” Bilotta said.
According to a press release from Tuesday, customers can take their products and businesses to other countries with less development and integration work if they use Dock One.
The press release said that once a customer is part of the platform, they can also use the same technology stack in other countries.
Dock made the platform to be a solution for the whole world. After launching in Latin America, Dock One will be brought to other places, according to the release.
“With this tool, customers can evolve their business model without needing a new integration or migration, adding new services and products in an agile way using the same configuration,” the press release said. “The expectation is that the new platform will encourage customers to combine financial products in a way that aligns with customer expectations and meets the demands of new generations, such as the search for new credit products.”
