BankConnector vs Belvo
BankConnector
bankconnector.comBelvo
belvo.comSide by side
| Figure | BankConnector | Belvo |
|---|---|---|
| Price from | €100/mo | $1,000/mo |
| Free plan | — | Yes |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| API | Yes | Yes |
| Plans published | 3 | 3 |
| Spec score · Bank Connectivity Software | 8.3 (#6) | 8.5 (#3) |
| Payments | It accepts canonical JSON and converts payment instructions to the ISO 20022 format required by each bank. | Its payment offerings include recurring direct debit collections in Mexico and one-tap Pix payments in Brazil. |
| Product | BankConnector provides bank integration as a service through an API and ready-made ERP add-ons. | Belvo provides open finance infrastructure for companies to connect to users’ accounts, understand financial data, and move money. |
| Security | The security page describes per-record AES-256-GCM encryption, tenant isolation enforced with PostgreSQL row-level security, and an append-only, hash-chained audit journal. | Belvo says data at rest is encrypted with AES 256 and RSA 2048, while data in transit uses TLS 1.2 with TLS 1.3 supported. |
| Support | The pricing page includes support and an SLA in all packages; the Uniconta partner page lists technical support by email and phone. | The pricing page lists standard support by email and premium support through Slack and video conference. |
Plans
In their own words
BankConnector
BankConnector provides bank integration through an API and ready-made ERP add-ons. It accepts payment instructions as canonical JSON, validates them against ISO 20022 schemas, business rules, and bank-specific requirements, then converts them to each bank’s required format. The site lists 308 banks in 55 countries. Supported connection methods include EBICS, SFTP, Danske Bank Webservice, Nordea Corporate Access, OP Webservice, and Bank Connect. It returns payment confirmations and provides incoming transactions and balances daily, or live where a bank supports it. Data includes payment statuses, balances, and daily or intraday statements in formats such as pain.001, camt.053, MT940, normalized JSON, and CSV. A ready-made Uniconta add-on supports paying, approving, and reconciling in the Uniconta Windows client. Sandbox use is free and unlimited, and the first 10 production payments are free with no card or time limit. Monthly plans are 100.00 EUR, 250.00 EUR, and 500.00 EUR, excluding VAT.
Belvo
Belvo provides open finance infrastructure for companies connecting customer accounts, interpreting financial data, and moving money in Latin America. It connects retail and business bank accounts with official employment and fiscal records. Banking data includes real-time account information and up to 24 months of standardized, categorized transactions. Additional data features cover transaction categorization, income verification, recurring expense detection, and risk insights. Payment products include recurring direct debit collections in Mexico and one-tap Pix payments in Brazil. Developers can build integrations through the API, developer hub, quickstart guide, and API reference. Connection methods include a hosted widget, API, regulated open finance consent flow, and institution credentials; refreshes are scheduled. Data is encrypted with AES 256 and RSA 2048 at rest and TLS 1.2 in transit, with TLS 1.3 supported. Belvo lists ISO/IEC 27001:2022 certification and PCI DSS Level 1 compliance. Sandbox access is free; production requires a paid plan. Launch costs $1,000 a month, while Growth pricing is custom.