Avalo adds Convera payments access for Latin American banks

Avalo announced an integration with Convera that will give financial institutions across Latin America access to international wire payments, foreign exchange expertise and a broader global payments network through Ionfi by Avalo. The move is aimed at banks and other institutions that want faster cross-border services without building the full infrastructure themselves.

Why it matters: - Financial institutions across Latin America are under pressure to offer faster and more transparent international payments. - The integration gives those institutions a route to cross-border payment capabilities without having to build and maintain every part of the infrastructure on their own. - Participating institutions keep control of the customer relationship, which is often the core asset in banking partnerships.

What happened: - Avalo announced an integration with Convera that expands international payment and foreign exchange capabilities for financial institutions across Latin America. - Institutions using Ionfi by Avalo will be able to initiate international wire payments through Avalo’s platform. - Convera will process those payments through its global network. - Convera will onboard participating institutions directly. - Financial institutions will continue to manage customer relationships through their existing operating model.

The details: - Avalo’s Ionfi by Avalo platform connects financial institutions to USD and cross-border payment capabilities through a multi-bank network of FDIC-insured U.S. partner banks. - Accounts are held in each institution’s own name. - The solution combines payment and treasury workflows with embedded compliance controls. - Avalo says the platform provides information and transaction visibility. - Avalo supports more than 60 financial institutions across more than 20 countries. - Avalo says it has processed more than $12 billion in cumulative payments. - Convera operates in more than 140 currencies and 200 countries and territories. - Convera says it handles nearly $200 billion in annual payment flows. - Convera also brings foreign exchange, risk management and compliance expertise to the integration. - Avalo will showcase the new international payment capabilities at FELABAN 2026 in Lima, Peru, from Nov. 3-6. - Representatives from Avalo and Convera will meet with financial institutions from across the region at the event.

Between the lines: - The partnership is aimed at mid-sized institutions that want to compete for more cross-border business without recreating the infrastructure of a global bank. - The structure suggests Avalo and Convera are positioning themselves as a lower-complexity alternative to in-house international payments buildouts. - Keeping the customer relationship with the institution may make the offer more attractive to banks that want new capabilities without surrendering client ownership.

What's next: - Avalo and Convera will use FELABAN 2026 as a sales and relationship-building opportunity in the region. - Financial institutions in Latin America can evaluate the integration as a way to expand international payment offerings faster. - Wider adoption would depend on how quickly banks can onboard and incorporate the new workflow into their existing operations.

The bottom line: - Avalo is packaging Convera’s global payments network and FX capabilities for Latin American financial institutions that want to move faster on cross-border payments without building the underlying infrastructure themselves. - The pitch is simple: more international capability, less operational lift, and no loss of customer ownership.