6 finAPI alternatives: A guide to the best open banking providers

As a financial institution, PSP, or fintech searching for a finAPI alternative, you’re probably on the lookout for an open banking provider that fits the following criteria:

• They have a strong presence in the DACH region and provide broader European bank coverage than finAPI currently offers.

• Their solution comes with comprehensive features, including account information and payment initiation services, data enrichment, and white-label customisation.

• Their infrastructure, authorisations, and support teams make it easy to scale with a single open banking partner that provides regulatory connectivity and technical infrastructure like API maintenance and transaction routing, while you retain oversight of your compliance obligations.

Yapily is an open banking provider with deep and broad connectivity across major European markets, including the DACH region and the UK. To discuss how we can help your business innovate and scale, get in touch with one of our experts.

Six finAPI alternatives at a glance

All information in this table was sourced directly from each brand’s official website or publicly available documentation.

It reflects product details, features, and coverage accurate as of November 2025. Offerings may have changed since publication.

1. Yapily: An open banking solution built for easy scaling in Europe and the UK

Yapily is a leading open banking infrastructure provider that operates in 19 countries across Europe, including the DACH region and the UK. 

Like finAPI, we have a strong presence in Germany – we went live there in 2020, and since then, we have scaled our operations to support over 1,000 banks in the country, from Deutsche Bank and the Sparkassen Group to challenger banks like N26. 

Overall, we can connect you with 2,000+ financial services institutions across Europe and the UK, making us the perfect choice for businesses looking to grow within those regions.

Yapily’s key features at a glance:

• Connect to 2,000+ banks across various services: Reach major European markets for both consumer and business accounts.

• Customise and white label your payment flows: Control your flows, screens, and copy to perfectly match your services, maintaining your branding throughout the customer journey.

• Access enterprise-ready infrastructure: Let us handle the backend operations with our PSD2-compliant, ISO 27001-certified infrastructure that can manage large volumes of transactions.

• Enable account information and payment initiation features: Access account data, verify identity, speed up KYC checks, initiate A2A payments, and gain better insights into customer behaviour with data enrichment.

• Benefit from strong developer support: Get comprehensive SDKs, a sandbox environment for testing, support teams, and a finance platform built for engineers rather than just a plug-and-play for merchants.

Here’s what else you can do with Yapily:

Leverage our extensive coverage across Europe & the UK and enable a wide range of use cases

Without the right connections to the right banks in your target markets, open banking falls short because many customers won’t be able to link their bank accounts. This translates to missed opportunities for PSPs, financial institutions, and fintech companies.

At Yapily, we connect you with your key regions, be it Germany, Austria, Belgium, the UK, or other European markets. If you decide to enter new territories, our broad reach makes scaling operations smooth and quick – instead of connecting with a new provider each time you want to launch in a new country, you can expand your customer base with a single open banking platform.

As a provider with the strongest business account connectivity, as well as consumer, wealth, and corporate connections, we support a wide range of use cases.

For example:

• PSPs can enable seamless transfers between bank accounts via secure APIs

• Lenders can assess affordability and creditworthiness based on real-time account data

• Accounting software companies can help businesses aggregate balances across bank accounts and monitor liquidity in real time for better cash flow management

• Wealth management platforms can consolidate investment account balances and transaction histories to better track performance

• iGaming and crypto and platforms can accelerate user onboarding through instant identity verification

• Proptech and real estate companies can provide landlords and tenants with quick and reliable financial checks, as well as flexible payment options

Access high-quality AIS and PIS open banking services through a single integration

Most open banking providers support both AIS and PIS, but few deliver a high level of depth and reliability across both. Many open banking platforms specialise in either PIS or AIS: for example, prioritising smoother payment initiation experiences while offering only basic access to account information as an optional add-on. As a result, performance and coverage often fall short on the data side.

Yapily is built for both sides of open banking. We offer strong AIS and PIS capabilities through one seamless integration: a unique advantage for PSPs, financial institutions, and fintechs that need depth, reliability, and scale across payments and data.

With Yapily Data, you can access account information to assess affordability, track spending, and automate reconciliation. Our Data Plus product also delivers enhanced transaction enrichment, including categorisation, recognition of recurring payments, and normalised merchant names.

Meanwhile, Yapily Payments powers account-to-account Pay by Bank transactions, scheduled digital payments, bulk payments, and VRPs in the UK: all built on the same reliable infrastructure.

Customise your workflows and showcase your brand for an improved user experience

Like finAPI, our infrastructure comes with full white-label capabilities, which means you can customise the end-user interface with your branding, flows, and copy. 

Instead of being redirected to interfaces with unfamiliar third-party logos during critical decisions, users get to stay inside your ecosystem – and this increases their confidence in your platform, reducing checkout or onboarding drop-offs.

We understand that building a white-label UX takes time, though, which is where our hosted pages with light branding (such as brand colours and logos) come in to accelerate your time-to-market. Once you launch, you can continue developing your own user interface over time.

See our Hosted Pages UI screens.

How 80% of Pleo's customers return to use open banking as a payment option with Yapily

Based in Copenhagen, Pleo helps businesses manage their spending via its expense management software and smart company cards. When seeking an open banking partner, Pleo’s goal was clear: to create a frictionless and instant payment experience when finance teams top up their Pleo wallet.

One of the main requirements for a successful partnership was a strong business account connectivity, as Pleo wanted to support its existing user base and expand into new territories. Yapily stood out as the leading player in the field – and with our infrastructure-first focus, Pleo was also able to fully customise their product.

Since the partnership began, Pleo has expanded into France and the Netherlands, 80% of Pleo’s customers have returned to use open banking as a payment option for repeat account top-ups, and €7.3m was paid into Pleo accounts across the UK, Netherlands, and France using Yapily’s infrastructure.

Book a no-obligations call to learn how Yapily’s open banking infrastructure can help your business grow.

2. TrueLayer

TrueLayer is an open banking platform established in 2016 that helps businesses leverage real-time financial data and initiate secure bank payments across the UK and Europe. 

Regulated by the FCA, the company offers services like identity verification, bank account data retrieval, and A2A payments through open banking APIs.¹

TrueLayer’s key features:

• Both AIS and PIS: Access account information and payment initiation services with one provider

• Signup+: Make use of payment initiation and identity verification in a single transaction

• Recurring and variable recurring payments: Support for automated, subscription-based billing and flexible payments in the UK

• Developer-friendly: Comprehensive SDKs, a Console for testing, and hosted pages

3. Tink

Tink is a Swedish-based open banking platform founded in 2012 and acquired by Visa in 2022. With connections to 18 European markets, Tink makes it possible for businesses to initiate payments and access account data through one integration.

Tink’s platform supports a wide range of use cases, from personal finance management to credit risk assessment.²

Tink’s key features:

• Data access and account aggregation: Connect to and aggregate data from multiple banks in order to offer personalised insights, enhance lending decisions, and gain insights into users’ financial behaviour

• A2A payments: Trigger the move of funds from one account directly to another

• Risk Signals: Benefit from risk checks designed to monitor, manage, and block A2A payments to help prevent fraud³

• White-label solutions: Integrate open banking while maintaining brand visibility

4. Salt Edge

A Canadian-based open banking platform, Salt Edge connects to almost 5,000 banks across 44 countries, including markets in Asia, Australia & Oceania, the Americas, and Europe.⁴

The depth of bank coverage varies by region, so companies with specific regional requirements need to check whether Salt Edge caters to their business needs in those target markets. 

Salt Edge’s TPP verification feature also enables banks and EMIs to check TPPs’ regulatory status in real-time, ensuring security.⁵

Salt Edge’s key features:

• Data services: Access real-time financial data across banks globally

• Payment initiation: Initiate secure and cost-effective payments directly from customers' bank accounts

• Data enrichment: Turn raw banking data into actionable insights and categorisation.

• TPP verification for banks and EMIs: Ensure that only authorised third-party providers can access your users’ data

5. Token

Token is an open banking solution that enables seamless, A2A payments and account data access in Europe and the UK.⁶ Established in 2016, the provider is authorised as both a PISP and an AISP by the UK’s FCA and Germany’s BaFin.⁷

Token’s also been admitted to Germany’s giroAPI payments standard, which means it can enable micropayments without SCA, as well as recurring and future-dated payments.⁸

Token’s key features:

• Unified API access: A single interface for both AIS and PIS across European markets

• A2A payments: Support for VRPs, real-time payouts, and Pay by Bank solutions

• Data aggregation: Access to bank and transaction data across multiple banks, enabling easier financial insights and customer onboarding

• giroAPI Scheme: Micropayments without SCA and recurring & future-dated payments to support use cases like instalment payments and ecommerce transactions

6. BANKSapi

A German-based open banking platform, BANKSapi offers access to financial data and services through standardised APIs.⁹ 

BANSapi is authorised by Germany’s BaFin to act as an account information and payment initiation services provider. The solution makes it possible to seamlessly integrate with both EBICS and non-EBICS accounts,¹⁰ which is especially beneficial for corporates operating in Germany, Austria, Switzerland, and France.

BANKSapi’s key features:

• Account data and A2A payments: Access bank accounts via open banking and process payments in a quicker, cost-effective, and secure way

• Data analytics: Banking transactions categorisation, contract data analysis, AI-driven insights, and sales triggers

• Digital banking widgets: Plug-and-play widgets that combine API communication with intuitive user interfaces

• Frontend solutions: Ready-to-use user interfaces and applications tailored to your requirements

Why partner with Yapily as your finAPI alternative

Like finAPI, Yapily is an open banking partner that offers full white-customisation capabilities, account information and payment initiation services via one integration, data enrichment, and a developer-friendly infrastructure.

With us, you can connect to over a thousand banks in Germany, and thanks to our broad and deep coverage in Europe and the UK, expanding into new territories is easy – there’s no need to integrate with a new financial services provider each time.

Get in touch to learn more about our bank connectivity, strong business account coverage, white-label solutions, and more.

As far as Yapily is aware, the information presented in this article is correct as of 22/09/25 and has been derived from publicly available sources. Yapily has not undertaken any further investigation or qualification of any information stated in this article to verify the accuracy of information taken from public sources. The data has been sourced directly from the following sources as of 22/09/25.

FAQs: finAPI alternatives

1. What are the best finAPI alternatives?

Yapily makes for a great finAPI alternative thanks to its strong and wide bank connectivity, full white-label customisation, and comprehensive open banking services that include account information and payment initiation. Tink, Token, TrueLayer, Salt Edge, Yodlee, and BANKSapi are also good alternatives.

2. Which open banking provider has broader geographic coverage than finAPI?

As finAPI currently covers 13 European markets, Yapily offers a broader coverage with over 2,000 banks in 19 European countries. Yapily also has a strong presence in the DACH region and the UK. TrueLayer, Tink, and Token provide wide geographic coverage in Europe as well.

3. Which finAPI alternatives offer both PIS and AIS?

Many open banking providers offer both PIS and AIS, including Yapily, TrueLayer, BANKSapi, or Salt Edge. Yapily, for example, provides A2A payments, data aggregation services, data enrichment, KYC solutions, and more.

4. How do I choose the best open banking provider for my business?

Take functionalities such as bank coverage, security, white-label solutions, data quality and the range of payment services offered into consideration. It’s especially important to find a provider with strong connectivity in your target markets and with open banking services that are suitable for your needs, such as data enrichment.

5. What are some good finAPI alternatives for corporations and large enterprises?

Yapily’s enterprise-grade and white-labelled infrastructure was built to handle large volumes of transactions, making it a great finAPI alternative for corporates and large enterprises. Yapily is also a suitable option for startups and SMEs, as its infrastructure makes it easy to scale and streamline payments.

Sources:

1. https://truelayer.com/ 

2. https://tink.com/ 

3. https://www.openbankingexpo.com/news/tink-launches-risk-signals-feature/ 

4. https://www.saltedge.com/products/account_information/coverage 

5. https://www.saltedge.com/ 

6. https://token.io/ 

7. https://token.io/press/token-granted-european-payments-authorisation-by-germanys-federal-financial-regulator-bafin 

8. https://token.io/press/token-io-giroapi 

9. https://banksapi.de/en/ 

10. https://docs.banksapi.de/#ebics