Enable Banking vs Trovata TMS
Enable Banking
enablebanking.com
Trovata TMS
trovata.ioSide by side
| Figure | Enable Banking | Trovata TMS |
|---|---|---|
| Price from | — | $2,000/mo |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Self-hosted | Yes | — |
| Plans published | 1 | 2 |
| Spec score · Bank Connectivity Software | 8.1 (#9) | 8.0 (#14) |
| Compliance | Enable Banking states that it is ISO/IEC 27001 certified and provides PSD2-compliant access without screen scraping or reverse engineering. | Trovata states that its secure cloud-based platform is SOC-1 Type 2 and SOC-2 Type 2 certified. |
| Founded | 2019 | 2016 |
| Headquarters | Espoo, Finland | Solana Beach, California, United States |
| Integrations | Enable Banking provides integrations with bank APIs, with a published list of available integrations in its documentation. | Officially listed integrations include NetSuite, Sage Intacct, Oracle Fusion, SAP and FloQast, with API and SFTP connectivity for other systems. |
| Payments | Live payment initiation requires the customer to hold a PISP licence or another licence that allows payment initiation. | Payments can be initiated, approved and released through policy-controlled workflows with real-time updates to cash, forecasts and accounting. |
| Product | Enable Banking provides a PSD2 API for account information and payment initiation across European banks. | Trovata TMS is a cloud-native treasury management system built on real-time bank connectivity and normalized financial data. |
| Security | Enable Banking says its information security management system is certified to ISO/IEC 27001:2022. | 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 company says open banking specialists support customers from initial setup through optimisation. | The base package includes 3–5 hours of live training and unlimited in-app technical support. |
Plans
In their own words
Enable Banking
Enable Banking has no write-up on Specifiction yet; its figures are above.
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.