Enable Banking vs finAPI
Enable Banking
enablebanking.com
finAPI
finapi.ioSide by side
| Figure | Enable Banking | finAPI |
|---|---|---|
| Price from | — | €60/mo |
| Free plan | — | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Self-hosted | Yes | — |
| Plans published | 1 | 4 |
| Spec score · Bank Connectivity Software | 8.1 (#9) | 8.1 (#10) |
| Founded | 2019 | 2008 |
| Headquarters | Espoo, Finland | Munich, Germany |
| Integrations | Enable Banking provides integrations with bank APIs, with a published list of available integrations in its documentation. | The Banking API includes connections through XS2A, FinTS/HBCI, web scraping and financial service provider APIs; its Access packages also list PayPal API connections. |
| Payments | Live payment initiation requires the customer to hold a PISP licence or another licence that allows payment initiation. | The Payment API supports SEPA transfers, collective transfers, standing orders, scheduled transfers, instant payments, direct debits and collective direct debits. |
| Regulatory status | Enable Banking Oy identifies itself as a registered Account Information Service Provider regulated by the Finnish Financial Supervisory Authority. | The company says its account information and payment initiation services are licensed and approved by Germany’s BaFin. |
| Support | The company says open banking specialists support customers from initial setup through optimisation. | The pricing page says standard support and shared hosting are included with the SaaS licence; premium support, project support, consulting and dedicated hosting are available on request. |
Plans
finAPI
- Access B2C — basic licence, up to 200 users€60 a month
- Data Intelligence PG A — basic licence to 200 calls€80 a month
- finAPI Demobank Lite€99 a month
- Access B2X — basic licence, up to 200 users€100 a month
In their own words
Enable Banking
Enable Banking has no write-up on Specifiction yet; its figures are above.