Finshark vs Pay by Bank from allpay
Finshark
finshark.ioPay by Bank from allpay
allpay.netSide by side
| Figure | Finshark | Pay by Bank from allpay |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | — |
| Plans published | 0 | 0 |
| Spec score · Open Banking Payment Platforms | 7.7 (#4) | 7.4 (#10) |
| Founded | 2019 | 1994 |
| Headquarters | Finshark lists its Lund office at Lilla Fiskaregatan 2, 222 22 Lund, Sweden. | Hereford, England, United Kingdom |
| Integrations | Finshark offers APIs and says its services are integrated with the majority of banks in Finland and most Danish banks. | The page says Pay by Bank is rolling out across allpay’s digital platforms, starting with the allpayments app and online payment journeys using hosted payment pages; Gateway Plus is marked as coming soon. |
| Security | The maker says all customer authentications go through Strong Customer Authentication (SCA). | Customers authorise each payment directly through their bank, so the organisation does not handle sensitive account details. |
| Support | Finshark offers user support through a contact form and says its Slack channel is open to technical users and developers. | The Pay by Bank page directs organisations to contact the sales team and links to the allpay Help Centre for support. |
| What it does | Finshark provides open banking payments, payouts, and financial data services for businesses. | Pay by Bank lets customers pay directly from their bank account using Open Banking, without entering card details. |
| Who it serves | Finshark describes its services as business-focused and says they are intended for companies across industries. | The page highlights housing associations, local authorities, income collection and rent teams, utilities, billing organisations, and organisations managing high-volume regular payments. |
In their own words
Finshark
Finshark provides open banking payments, payouts, and financial data services for businesses through web and API offerings. Customers can pay or deposit directly from bank accounts without cards, downloads, or signups. Businesses can send single or batch bank transfers, with payee identity and account ownership checked in real time. Payments are usually processed instantly, though some can take up to two days to reach a merchant; payouts can take up to two banking days. Premium insights use real-time account data for KYC checks and can include accounts, balances, transactions, income, debts, categorized transactions, spending behavior, risk propensity, and identity or ownership details. Connection methods include online banking, bank APIs, BankID, and Strong Customer Authentication (SCA); Finshark says customer authentications go through SCA. The company lists 11 authorized markets, more than 3,000 connected banks, and 99% coverage of bank accounts in Scandinavia. Finshark AB says it is a licensed Payment Institution supervised by Sweden’s Financial Supervisory Authority and authorized to provide payment services across the EU/EEA. Pricing is on request.
Pay by Bank from allpay
Pay by Bank from allpay lets customers pay an organisation directly from a bank account using Open Banking, without entering card details. At checkout, the customer chooses the option, selects a bank, and authorises payment in a banking app or online banking; confirmation arrives near instantly. The organisation does not handle sensitive account details because authorisation takes place through the customer’s bank.
The service is intended for housing associations, local authorities, rent and income collection teams, utilities, billing organisations, and organisations handling high-volume regular payments. allpay says bypassing traditional card networks can lower processing costs, while avoiding expired cards, incorrect entries, and manual input may help reduce failed or abandoned transactions. The rollout is starting with the allpayments app and online payment journeys using hosted payment pages. Gateway Plus support is marked as coming soon, with no date specified. Pricing is on request. Platforms listed are Android, iOS, and web. allpay describes the method as FCA-regulated and states that it complies with PCI DSS.