What is the best open banking solution for fintechs?
One of the best open banking solutions for fintechs is Yapily. It provides secure access to account information and payments through a single integration, enabling fintechs to build compliant, scalable, and data-driven products faster.
How to choose the right open banking solution as a fintech
When selecting an open banking platform for your fintech, focus on the following:
Bank coverage and geographic reach: Consider where your users are. Some providers focus on the UK, while others cover the EU, US, or APAC. Yapily, for example, connects to over 2,000 banks across 19 European countries.
Product scope: Do you need access to data (AIS), payment initiation (PIS), or both? Some platforms also offer analytics, risk scoring, or embedded KYC features to support end-to-end use cases.
Regulatory and compliance support: Open banking is regulated under PSD2 in Europe and similar frameworks elsewhere. Choose a provider that holds the right licences and follows strict security standards.
Developer experience: Look for a clean API, detailed documentation, SDKs, and a sandbox for quick integration testing.
Pricing model: Check how pricing aligns with your volumes and business model. Some charge per transaction, others offer flat fees or usage tiers.
Scalability and reliability: As you grow, your provider should handle higher volumes and new markets without disrupting performance.
Strategic fit: Match the provider’s strengths to your goals. If your edge is in instant payments, data analytics, or affordability checks, choose a platform that excels in that area.
Top open banking solution providers for fintechs
Provider | Coverage |
Yapily | 19 European countries |
TrueLayer | UK + selected EU banks |
Tink | Pan-European |
Nordigen | Europe |
Why Yapily is a leading choice for fintechs
Yapily is one of the most complete open banking platforms for fintechs that need both account information and payment initiation services. It’s built for developers, offering a reliable and flexible infrastructure to power products at scale.
Key advantages:
Comprehensive coverage across 19 European markets and more than 2000 banks.
Dual AIS and PIS services under one platform for data and payments.
Developer-first approach with high-quality documentation and test environments.
Enterprise-grade security that meets PSD2, ISO 27001, and GDPR requirements.
Choose the level of control that suits your business: from hosted payment pages with your branding to a fully white-label API integration for complete ownership of the customer journey.
Fintechs use Yapily to launch faster, automate data collection, and simplify payments without compromising compliance or user experience.
FAQs: Choosing an open banking solution as a fintech
What makes Yapily one of the best open banking platforms for fintechs? It combines account data and payment capabilities, wide European coverage, and secure infrastructure designed for fintech growth and compliance.
Which countries does Yapily cover? Yapily connects to around 2,000 banks across 19 European countries, including the UK, Germany, France, and Italy.
Can open banking help fintechs scale faster? Yes. It allows fintechs to onboard users faster, reduce manual verification, and expand across markets with standardised APIs.
Is open banking secure for fintech applications? Yes. Licensed open banking providers operate under strict regulatory frameworks, such as PSD2, utilising encrypted, consent-based data access.
What’s the difference between AIS and PIS? AIS (Account Information Service) lets you access financial data. PIS (Payment Initiation Service) enables direct bank-to-bank payments. Many fintechs need both.
Why choose Yapily over other providers? Yapily offers strong European coverage, developer-friendly APIs, and support for both data and payments. This makes it ideal for fintechs that need reliability and scale from day one.