Belvo vs Enable Banking
Belvo
belvo.com
Enable Banking
enablebanking.comSide by side
| Figure | Belvo | Enable Banking |
|---|---|---|
| Price from | $1,000/mo | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Self-hosted | — | Yes |
| Plans published | 3 | 1 |
| Spec score · Bank Connectivity Software | 8.5 (#3) | 8.1 (#9) |
| Spec score · Financial Data APIs | 8.5 (#3) | 8.1 (#8) |
| Compliance | Belvo states that it holds ISO/IEC 27001:2022 certification and is a PCI DSS Level 1 compliant service provider. | Enable Banking states that it is ISO/IEC 27001 certified and provides PSD2-compliant access without screen scraping or reverse engineering. |
| Founded | 2019 | 2019 |
| Headquarters | Mexico City, Mexico; São Paulo, Brazil | Espoo, Finland |
| Integrations | Belvo says its platform connects with retail and business bank accounts and official employment and fiscal records. | Enable Banking provides integrations with bank APIs, with a published list of available integrations in its documentation. |
| Payments | Its payment offerings include recurring direct debit collections in Mexico and one-tap Pix payments in Brazil. | Live payment initiation requires the customer to hold a PISP licence or another licence that allows payment initiation. |
| Product | Belvo provides open finance infrastructure for companies to connect to users’ accounts, understand financial data, and move money. | Enable Banking provides a PSD2 API for account information and payment initiation across European banks. |
| Security | 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. | Enable Banking says its information security management system is certified to ISO/IEC 27001:2022. |
| Support | The pricing page lists standard support by email and premium support through Slack and video conference. | The company says open banking specialists support customers from initial setup through optimisation. |
Plans
In their own words
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.
Enable Banking
Enable Banking has no write-up on Specifiction yet; its figures are above.