BankConnector vs Trovata TMS
BankConnector
bankconnector.com
Trovata TMS
trovata.ioSide by side
| Figure | BankConnector | Trovata TMS |
|---|---|---|
| Price from | €100/mo | $2,000/mo |
| Free plan | — | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Plans published | 3 | 2 |
| Spec score · Bank Connectivity Software | 8.3 (#6) | 8.0 (#14) |
| Payments | It accepts canonical JSON and converts payment instructions to the ISO 20022 format required by each bank. | Payments can be initiated, approved and released through policy-controlled workflows with real-time updates to cash, forecasts and accounting. |
| Product | BankConnector provides bank integration as a service through an API and ready-made ERP add-ons. | Trovata TMS is a cloud-native treasury management system built on real-time bank connectivity and normalized financial data. |
| 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. | Trovata states that production data is encrypted at rest with AES-256 and protected in transit with TLS 1.2 using Amazon Key Management Service for cryptographic keys. |
| Support | The pricing page includes support and an SLA in all packages; the Uniconta partner page lists technical support by email and phone. | The base package includes 3–5 hours of live training and unlimited in-app technical support. |
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.
Trovata TMS
Trovata TMS is a cloud treasury management system for teams handling cash across multiple banks, entities, and currencies. It connects to banks in real time and normalizes financial data, giving users prior-day and intraday cash positions. Forecasts combine historical trends, ERP inputs, and capital-markets activity, then compare projections with actuals. The platform centralizes bank accounts, signers, documents, and approvals, while automating account maintenance, compliance reporting, and fee analysis. Policy-based workflows support payment initiation, approval, and release, updating cash, forecasts, and accounting as transactions move. Reconciliation covers bank activity, payments, and ERP data, with journal entries for cash, interest, foreign exchange, and accruals. Trovata AI offers natural-language chat and agents for insights, narratives, anomaly detection, reconciliation summaries, and alerts. Integrations include NetSuite, Sage Intacct, Oracle Fusion, SAP, and FloQast, with APIs for other systems. It runs on web, iOS, and APIs.