Basiq vs Powens
Basiq
basiq.io
Powens
powens.comSide by side
| Figure | Basiq | Powens |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Plans published | 1 | 1 |
| Spec score · Bank Connectivity Software | 7.3 (#31) | 8.2 (#8) |
| Spec score · Financial Data APIs | 7.3 (#21) | 8.2 (#6) |
| Spec score · Financial Data Aggregation Platforms | 7.3 (#10) | 8.2 (#2) |
| Coverage | Basiq says it supports 136 financial institutions across Australia and New Zealand, covering 99% of the population and all CDR data holders. | Powens lists data connectivity in 12 EU countries and describes its accounts and SEPA transfer coverage across the SEPA area. |
| Sandbox | Basiq's API documentation says its sandbox is free for testing and limits sandbox connections to 500. | Powens offers a free self-service sandbox account for testing its API. |
| Security | Basiq says data is retained only as long as needed, protected with encryption, and monitored for access and behavioural threats. | Powens says it is ISO 27001 certified and that its security and compliance frameworks are independently tested and audited each year. |
| What it does | Basiq provides a Consumer Data Right accredited API platform for secure access to customer-consented financial data and insights. | Powens describes itself as an Open Finance and embedded payments platform that connects financial data and payment workflows through APIs. |
| Who it serves | Basiq describes its platform as building blocks for businesses creating financial products for lending, payments, wealth, and digital finance. | Powens lists lending, accounting and invoicing, wealth management, property management, cashback and rewards, retail banking, and payments among its target sectors. |
Plans
In their own words
Powens
Powens is an Open Finance and embedded payments platform that connects financial data and payment workflows through APIs. Its aggregation service syncs accounts, transactions, savings, loans, and investments from more than 1,800 banks across 12 EU countries. Accounts refresh daily, while available transaction history varies by bank from 3 to 24 months; live connections can be maintained for six months with daily refreshes. Payment services include IBAN accounts, Direct Debit, Pay by Bank, and instant SEPA transfers through one API and dashboard. Powens says beneficiaries receive funds from its instant SEPA transfers within 10 seconds. It also offers real-time bank identity checks and Spanish IBAN ownership verification. Developers can access API documentation, integration guides, SDKs, connection widgets, an admin console, and a free self-service sandbox. Pricing is on request. Enterprise plans include dedicated hosting and can include an account manager and priority technical and integration support. Powens lists Android, iOS, web, and API access, and says it was founded as Budget Insight in 2012 before adopting the Powens name in 2022.