BANKSapi

BANKSapi

BANKSapi Technology GmbH
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About

BANKSapi is an API-based Open Banking and Open Finance platform that holds a PSD2 license from BaFin (Germany). In addition to account aggregation (Account Information Service - AIS) for current accounts/payment accounts, data on savings accounts, building society accounts, custody accounts, credit and loans can be retrieved via a standardized API. A2A payments (Payment Initiation Services - PIS) and smart data analytics based on account data complete the portfolio. On request, ready-made widgets that combine an intuitive user interface and secure API communication can be used for a fast go-to-market. BANKSapi currently covers the German and Austrian markets.

About

Finexer is an FCA-regulated, API-driven platform revolutionizing how SMBs access and utilize financial data. By seamlessly connecting to all UK banks, Finexer enables real-time insights and Pay-By-Bank payments through a user-friendly dashboard, deploying 2-3x faster than competitors. Key Features - Data (AISP) & Payments (PISP) APIs: 1. Banks Transactions Data: Gain real-time access to bank transaction data, empowering businesses to enhance decision-making and create tailored user experiences. 2. Balance Checks: Unlock valuable insights into customers' income, expenses, and balance trends to deliver personalised services and targeted offers. 3. Open Banking Payments: Enable secure A2A payments, instant settlements, and automated recurring transactions (Beta), reducing costs by up to 90%. With advanced data capabilities, white-label options, and PSD2-compliant security, Finexer empowers businesses to optimise operations, drive revenue, and elevate customer experiences.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Financial advisory, banks, investment companies, insurance companies, accounting software, ERP software

Audience

Startups, Businesses, Fintechs, Accounting & ERP, Credit and Lending, payroll invoicing, EPOS

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

No images available

Screenshots and Videos

No images available

Pricing

€59/month
From €59/month
Free Version
Free Trial

Pricing

No information available.
Free Version
Free Trial

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

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Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 4.9 / 5
support 5.0 / 5

Pros & Cons from Real Users

Pros

  • We integrated Finexer’s AIS API for account verification and transaction data. The setup was straightforward, and the consistent data has made automated reconciliation much easier.
  • One of our biggest challenges was giving customers an up-to-date view of their finances without relying on manual uploads. Finexer let us connect accounts, retrieve transaction data, and initiate payments through a single integration. The enriched transaction data has also made reporting much more useful.
  • We added Finexer's PIS to reduce manual payment processing for our HR software. Integration was straightforward, payment confirmations are clear, and reconciliation has become much faster.
  • We started using Finexer to automate bank account verification during employee onboarding. The account information has been consistent, and our operations team spends much less time reviewing banking details manually.
  • Working with Finexer in live ERP environments, the main win has been consistency. Bank data comes in structured enough that reconciliation rules don’t break every month. Payment initiation is also more transparent than card flows—you can trace status without digging through multiple systems. It’s fairly low-maintenance once set up, which matters in busy finance ops teams.

Cons

  • The focus is mainly on UK banking, so wider international coverage may require additional providers.
  • Because we already had integrations with another Open Banking provider, moving across required some planning. The migration wasn't difficult, but it wasn't something we'd have wanted to do in the middle of a major product release.
  • Its strength is the UK market, so it isn't aimed at businesses looking for a single Open Banking provider across multiple international regions.
  • Production pricing is discussed through a short sales process rather than instant self-service, but it meant we ended up with a setup that matched our expected usage.
  • It’s limited to UK banking coverage, so it doesn’t extend well if your setup includes international entities.

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

BANKSapi Technology GmbH
Founded: 2016
Germany
banksapi.de/en/

Company Information

Finexer
Founded: 2024
United Kingdom
finexer.com

Alternatives

Alternatives

Amiqus

Amiqus

Amiqus Resolution
OpenFinex

OpenFinex

Openware
Finicity

Finicity

Mastercard

Categories

Categories

Integrations

No info available.

Integrations

No info available.
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