Pontera, the fintech company enabling financial advisors to securely manage workplace retirement plan assets for participants, announced that the company has joined the Financial Data and Technology Association of North America ("FDATA"), a trade association representing more than three dozen financial technology and open finance companies in the United States and Canada.

FDATA North America is a not-for-profit association for financial services companies operating in Open Banking and Open Finance.  Its mission is to open up the worldwide financial sector to better allow consumers to leverage the benefits of financial data and technology, and to ensure that financial services are delivered to them in a fair, ethical and compliant manner.

Pontera's membership in FDATA North America reinforces the company's commitment to financial data transparency and freedom of choice for consumers regarding management of their retirement plans.

"We founded Pontera on the notion that consumers should have more ownership over their retirement savings," said Yoav Zurel, Co-Founder and CEO of Pontera. "As the economic environment becomes more complex, FDATA North America's mission of advocating for consumer choice and innovation in Open Finance is more critical than ever. We look forward to working alongside its members as they push for innovations that drive better outcomes for both consumers and financial advisors."

"I'm delighted to welcome Pontera to FDATA North America," said Steve Boms, Executive Director of FDATA North America. "Pontera's commitment to leveraging technology to better serve retirement savers across America aligns with FDATA North America's core belief that consumers should have the ability to access and share their financial data in all of their roles—including as investors and retirement accountholders."