Enable Banking vs Tink
Enable Banking
enablebanking.com
Tink
tink.comSide by side
| Figure | Enable Banking | Tink |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Self-hosted | Yes | — |
| Plans published | 1 | 2 |
| Spec score · Bank Connectivity Software | 8.1 (#9) | 6.9 (#43) |
| Spec score · Financial Data Aggregation Platforms | 8.1 (#3) | 6.8 (#12) |
| Spec score · Financial Data APIs | 8.1 (#8) | 6.8 (#25) |
| Developer tools | The developer documentation includes a sandbox, API reference, UI widgets, Control Panel guidance, and code samples. | Tink offers a single API integration, SDKs, developer guides, API references, and sample projects. |
| Founded | 2019 | 2012 |
| Headquarters | Espoo, Finland | Stockholm, Sweden |
| Integrations | Enable Banking provides integrations with bank APIs, with a published list of available integrations in its documentation. | Tink says its platform connects to more than 3,000 banks and financial institutions across Europe. |
| Payments | Live payment initiation requires the customer to hold a PISP licence or another licence that allows payment initiation. | Tink Payments lets end users authenticate and initiate payments and transfers from their bank accounts. |
| Product | Enable Banking provides a PSD2 API for account information and payment initiation across European banks. | Tink is an open banking platform offering payment services and financial data enrichment to businesses. |
| Security | Enable Banking says its information security management system is certified to ISO/IEC 27001:2022. | Tink states that its systems are SOC 2 Type II compliant for the Security and Availability Trust Service Criteria. |
| Support | The company says open banking specialists support customers from initial setup through optimisation. | Enterprise customers can contact support through the support portal at any time, while Tink does not guarantee response or resolution times for customers without an Enterprise agreement. |
| Use cases | The company describes use cases including invoicing, automated bookkeeping, credit risk assessment, loyalty programs, onboarding, and payments. | Tink lists customer onboarding, account top-ups, invoice settlement, ecommerce, income and affordability assessment, risk decisioning, and consumer engagement as use cases. |
Plans
In their own words
Enable Banking
Enable Banking has no write-up on Specifiction yet; its figures are above.
Tink
Tink is an open banking platform for businesses that need payment services and enriched financial data. Its API connects to European banks and financial institutions, with stated reach across more than 3,000 connections in Europe. Use cases include customer onboarding, account top-ups, invoice settlement, ecommerce, affordability assessment, risk decisions and consumer engagement. Tink Payments lets users authenticate and initiate bank payments and transfers. Data Enrichment categorises transactions, detects recurring activity and forecasts upcoming transactions. Risk Signals examines account data, live balances, transaction history and payment velocity for account-to-account payment risk. Developers get a single API integration, SDKs, guides, references and sample projects. Supported data includes current and savings accounts, cards, investments, pensions, loans, mortgages, identity and transaction records. A free account provides sandbox test data before an Enterprise upgrade. Tink says its systems are SOC 2 Type II compliant and offers authentication flows under its PSD2 licence. The platform serves 19 European markets.