Powens vs Tink
Powens
powens.com
Tink
tink.comSide by side
| Figure | Powens | Tink |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| API | Yes | Yes |
| Plans published | 1 | 2 |
| Spec score · Bank Connectivity Software | 8.2 (#8) | 6.9 (#43) |
| Spec score · Financial Data Aggregation Platforms | 8.2 (#2) | 6.8 (#12) |
| Spec score · Financial Data APIs | 8.2 (#6) | 6.8 (#25) |
| Developer tools | The platform provides API documentation, integration guides, SDKs, customizable connection widgets and an admin console. | Tink offers a single API integration, SDKs, developer guides, API references, and sample projects. |
| Founded | The company says it was founded as Budget Insight in 2012 and rebranded as Powens in 2022. | 2012 |
| Headquarters | Paris, France | Stockholm, Sweden |
| Integrations | For business account aggregation, Powens says it connects to PSP wallets such as PayPal, Stripe and GoCardless. | Tink says its platform connects to more than 3,000 banks and financial institutions across Europe. |
| Payments | Its Accounts & Payments products include payment accounts and IBANs, instant SEPA transfers, direct debit and pay by bank. | Tink Payments lets end users authenticate and initiate payments and transfers from their bank accounts. |
| Security | Powens says it is ISO 27001 certified and that its security and compliance frameworks are independently tested and audited each year. | Tink states that its systems are SOC 2 Type II compliant for the Security and Availability Trust Service Criteria. |
| Support | Enterprise plans include a dedicated account manager and priority assistance from integration and technical support teams. | 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. |
Plans
In their own words
Powens
Powens is an Open Finance and embedded payments platform that connects financial data and payment workflows through APIs. Its aggregation service syncs accounts, transactions, savings, loans, and investments from more than 1,800 banks across 12 EU countries. Accounts refresh daily, while available transaction history varies by bank from 3 to 24 months; live connections can be maintained for six months with daily refreshes. Payment services include IBAN accounts, Direct Debit, Pay by Bank, and instant SEPA transfers through one API and dashboard. Powens says beneficiaries receive funds from its instant SEPA transfers within 10 seconds. It also offers real-time bank identity checks and Spanish IBAN ownership verification. Developers can access API documentation, integration guides, SDKs, connection widgets, an admin console, and a free self-service sandbox. Pricing is on request. Enterprise plans include dedicated hosting and can include an account manager and priority technical and integration support. Powens lists Android, iOS, web, and API access, and says it was founded as Budget Insight in 2012 before adopting the Powens name in 2022.
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.