What BANKSapi does

BanKsapi Technology GmbH (operating as BANKSapi) is a Munich-based Open Banking and Open Finance platform that exposes a single, RESTful/OAuth-based API to more than 3,000 banks, cards and securities accounts — including personal, business, securities, and PayPal accounts — under PSD2, FinTS, EBICS and proprietary interfaces. The company holds BaFin licenses for both Account Information Service (AIS) and Payment Initiation Service (PIS) under ZAG since 2019, plus an Austrian FMA market permit, and operates from a Tier-4, ISO 27001-certified data center hosted by noris network AG in Germany. Coverage spans hundreds of millions of accounts and is GDPR and DORA compliant, with IDW PS 951 Type II audit certification for outsourcing controls.

The product portfolio is modular: BANKS/Connect (multi-user enterprise API with SEPA payment initiation), PAY/Connect (Pay by Bank account-to-account payments), AI/Connect (AI-driven analytics including risk scoring, transaction categorization, anomaly detection, and life-event/sales-impulse detection), WEB/Connect (framework-agnostic embedded banking widgets), REG/Protect (PSD2 License-as-a-Service / Compliance-as-a-Service for clients without their own license), LLM/Connect (an MCP server wiring Open Banking features into AI coding assistants and chatbots), FINTS/Connect (FinTS protocol adapter in partnership with Subsembly), and the ONE/Connect single-user tiers. An acquired subsidiary, finhome GmbH (Financial Home portals), complements the stack. The platform is targeted at fintechs, banks, insurance companies, ERP and accounting software vendors, e-commerce merchants, lenders, financial advisors and identity/AML use cases.

BANKSapi monetizes through monthly API subscriptions (ONE/Connect tiers at €59-179/month and the higher-value BANKS/Connect enterprise edition), transaction fees on PAY/Connect SEPA flows, recurring fees for REG/Protect compliance licensing and AI/Connect analytics, and custom white-label/outsourcing projects for large enterprises. Go-to-market combines a developer-first self-serve motion (free 30-32 day trials, comprehensive docs.banksapi.de developer hub, multi-language SDKs) with direct enterprise sales to insurance groups (Alte Leipziger-ALH, Swiss Life), ERP vendors (Lexware, Diamant Software), banks (Stadtsparkasse Wuppertal) and broker networks (DEMV). The company is privately held as a venture of Finconomy AG and is consistently self-funded rather than venture-backed.

Name

BANKSapi

Legal name

BANKSapi Technology GmbH

Website

https://banksapi.de

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

BANKSapi is a Munich-based Open Banking and Open Finance platform providing a BaFin-licensed (AIS/PIS) unified API to 3,000+ banks for fintechs, insurers, ERP vendors, lenders and e-commerce merchants, with built-in AI analytics, embedded widgets and PSD2 compliance-as-a-service.

Ownership category

akta.pro rank

Product category

Open Banking API Platform

NAICS

Finance and Insurance (52)

SIC

Finance Services (6199)

akta.pro primary industry

Account Aggregation & Connectivity (Multi-bank linking) (FSAGACAA)

akta.pro secondary industries

Open Banking, Account Aggregation & Payment Initiation APIs (BPAMAFAJ), Open Banking APIs & Connectivity (FSAMAFAA), Transaction Analytics & Cash-Flow Insights (risk signals, forecasting) (FSAGACAG), A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF)

Keywords

• Open banking API
• Open finance platform
• PSD2 compliance
• Embedded banking widgets
• Pay by bank

Headquarters

HQ city

Munich

HQ country

Germany

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. API Subscription (BANKS/Connect, ONE/Connect): Monthly subscription fees for API access to bank account data and SEPA payments. BANKS/Connect is a multi-user enterprise solution. ONE/Connect is a single-user solution with Basic (€59/month, account data only) and Classic (€89/month, includes payment function) tiers. ONE/Connect (XL) ranges from €129-179/month.
2. Compliance-as-a-Service (REG/Protect): License-as-a-Service offering PSD2 compliance for companies without their own BaFin license, providing AIS and PIS licensing and regulatory coverage for clients.
3. Data Analytics / AI Services (AI/Connect): AI-driven data analytics services including risk scoring, transaction categorization, financial behavior prediction, sales impulse generation, and identity verification — monetized as an integrated or add-on analytics engine.
4. Banking Widgets / Frontend Solutions (WEB/Connect): White-label embedded banking and analytics widgets sold as a ready-to-use module for application embedding, customizable per client CI requirements.
5. Pay by Bank (PAY/Connect): Account-to-account payment processing services for e-commerce merchants and POS terminals, generating revenue per transaction at low cost with no intermediaries.
6. Outsourcing / Software Development Services: Custom SaaS, ASP, and project-based software solutions for banks, insurance companies, financial distributors, ERP developers, and accounting software providers — from startups to large corporations.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

BANKSapi operates an Open Banking and Open Finance API platform that aggregates access to over 3,000 banks, cards, and securities accounts via a unified RESTful interface. It sells subscription-based API products (BANKS/Connect, ONE/Connect), Pay-by-Bank payment initiation (PAY/Connect), AI-driven transaction analytics (AI/Connect), plug-and-play banking microfrontends (WEB/Connect), License-as-a-Service for PSD2 compliance (REG/Protect), an MCP server linking the APIs to LLM applications (LLM/Connect), and a FinTS adapter (FINTS/Connect). Offerings target banks, insurance groups, ERP/accounting vendors, fintechs, e-commerce merchants, lenders, and financial advisors across Germany and the EU.

Product overview

BANKSapi operates as an Open Banking and Open Finance platform combining a unified API infrastructure with modular products. The core offerings include BANKS/Connect (multi-user API for 3,000+ banks), PAY/Connect (A2A payments), AI/Connect (analytics engine), and WEB/Connect (pre-built widgets). Additional products include LLM/Connect for AI integration via MCP protocol, FINTS/Connect for legacy banking protocol access, and REG/Protect for PSD2 licensing. Single-user variants (ONE/Connect, ONE/Connect XL) serve smaller deployments. The platform is completed by the acquired finhome GmbH brand for Financial Home portals. All products share a unified REST API architecture with OAuth authentication.

Differentiator

Problem solved

Functional benefit

Brands

• BANKS/Connect: Open Banking API providing access to over 3,000 banks with real-time data and SEPA payments
• PAY/Connect
• AI/Connect
• WEB/Connect
• REG/Protect
• LLM/Connect
• ONE/Connect
• ONE/Connect (XL)
• FINTS/Connect

Products and services

• BANKS/Connect Multi-user Open Banking API providing unified access to over 3,000 banks, cards, and securities accounts with real-time data and SEPA payment initiation. RESTful, PSD2- and GDPR-compliant, serving fintechs, banks, insurance groups, ERP vendors, and large enterprises.
• PAY/Connect Pay-by-Bank solution enabling direct account-to-account (A2A) payment initiation in real time without card network intermediaries. Designed for online merchants and POS operators seeking low-cost A2A transactions.
• AI/Connect AI-driven data analytics engine that transforms raw transaction data into actionable business intelligence, including risk scoring, transaction categorization, anomaly detection, financial behavior prediction, and sales opportunity identification. Used by lenders, insurers, advisors, and fintechs.
• WEB/Connect Ready-to-use banking and analytics microfrontends (widgets) that are fully customizable, framework-agnostic, and PSD2-compliant. Designed for embedding in customer applications to deliver a seamless banking UX without building frontends from scratch.
• REG/Protect PSD2 Compliance-as-a-Service offering AIS and PIS licensing coverage via BANKSapi's BaFin authorization. Enables fintechs and other clients to operate account information and payment initiation services without holding their own PSD2 license.
• LLM/Connect (MCP Server) MCP server that exposes BANKS/Connect and AI/Connect to LLM applications and AI coding assistants, enabling Open Banking features inside chat-based and agentic workflows.
• FINTS/Connect PSD2-compliant FinTS adapter providing access to financial data from banks and non-banks (including PayPal) using the FinTS protocol, including banks without a native FinTS interface. Developed in partnership with Subsembly.
• ONE/Connect (incl. ONE/Connect XL) Single-user multi-banking API solution for accessing a user's own accounts (ONE/Connect) or accounts held in trust/power of attorney such as WEGs, family offices, and corporate trustees (ONE/Connect XL). Sold as a subscription with Basic (data only) and Classic (data + payments) tiers.

Quantifiable outcome

• Access to over 3,000 banks and hundreds of millions of accounts through a single API integration
• +4 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature8 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• SubsemblycoreTechnology or IntegrationPartnership with the Munich-based company Subsembly for FinTS integration. Subsembly provides excellence in FinTS integration and experience, offering precision and elegance in interfaces. Together they deliver high-quality Open Banking services. www.subsembly.com and www.fintsconnect.com.
• noris network AGcoreTechnology or IntegrationAll data processing occurs exclusively in Germany in an ISO 27001-certified and redundant Tier 4 data center operated by noris network AG. Double supply lines guarantee complete redundancy and maximum stability. Foreign access is excluded — yet scalable.
• finhome GmbHcoreStrategic or Co-development PartnerAcquired in 2021, finhome GmbH was a Financial Home specialist. The acquisition expanded BANKSapi's capabilities in digital financial home solutions and end-to-end modern apps, portals, and web applications.
• BiPRO - Brancheninstitut für ProzessoptimierungminorStrategic or Co-development PartnerBANKSapi is a member of BiPRO, the Branch Institute for Process Optimization in the insurance and financial sector. BiPRO develops standardized norms for process optimization in the insurance industry.
• VOTUM - Verband Unabhängiger Finanzdienstleistungs-Unternehmen in Europa e.V.minorStrategic or Co-development PartnerBANKSapi is a member of VOTUM, an association of independent financial services companies in Europe, participating in industry standardization and advocacy.
• FRIDA e.V. - Free Insurance Data InitiativeminorStrategic or Co-development PartnerBANKSapi is a member of the Free Insurance Data Initiative (FRIDA e.V.), which drives data standardization in the insurance sector — complementary to BANKSapi's FIDA/FiDA expertise.
• BITKOMminorGTM or Marketing PartnerBANKSapi is a member of BITKOM, Germany's digital association, providing industry representation, networking, and advocacy for digital business models in technology.
• Bankenverband (German Banking Industry Committee)minorGTM or Marketing PartnerBANKSapi is a member of the German Banking Industry Committee (Bankenverband), the central association of German banks, providing industry access and policy engagement.
• European Payments Council (EPC)minorGTM or Marketing PartnerBANKSapi is a member of the European Payments Council, the European payments industry body that manages payment schemes and standards including SEPA.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Tink: Visa-owned pan-European Open Banking aggregation and payments platform offering AIS, PIS and transaction analytics across thousands of banks. Closest direct competitor to BANKSapi in PSD2 connectivity, analytics and compliance-as-a-service, with materially larger scale and ownership backing.
• TrueLayer: UK-headquartered Open Banking API provider covering AIS, PIS and Pay-by-Bank across multiple European markets. Directly comparable to BANKSapi on PSD2 multi-bank connectivity, A2A payments and developer-first API delivery, with stronger UK coverage.
• Yapily: London-based Open Banking infrastructure provider offering account aggregation and payment initiation across European banks. Comparable to BANKSapi on enterprise-focused open banking connectivity, variable recurring payments and compliance-driven API products.
• FinTecSystems: Munich-based Open Banking and bank-data analytics specialist serving European lenders, insurers and fintechs with AIS connectivity and risk/affordability analytics. Direct German competitor with a comparable DACH focus on credit decisioning and KYC use cases overlapping with AI/Connect and BANKS/Connect.
• NDGIT: Berlin-based Open Banking platform providing multi-bank data connectivity and PSD2 APIs to banks, insurers and corporates. Direct German competitor overlapping with BANKSapi on bank aggregation, payments initiation and enterprise integrations.
• Token.io: Open Banking payment initiation and account-to-account payment specialist with pan-European bank coverage. Comparable to BANKSapi on Pay-by-Bank / A2A payment orchestration and PSD2 payment-initiation licensing.
• Salt Edge: Open Banking API platform offering account aggregation, payment initiation and compliance solutions across Europe and beyond. Comparable to BANKSapi on PSD2 connectivity, AIS/PIS licensing and PSD2-as-a-service offerings for fintechs and banks.

Broad incumbents

• Plaid: US-founded global Open Banking/data connectivity incumbent offering bank linking, payments, identity and analytics across thousands of financial institutions. Overlaps with BANKSapi on multi-bank AIS connectivity and developer-first API products but operates at materially larger scale and broader geography.
• Worldline: European payments and merchant services incumbent offering PSD2 Open Banking APIs, A2A payments and bank connectivity alongside much larger acquiring and processing operations. Overlaps with BANKSapi on Pay-by-Bank and open banking infrastructure but as part of a much broader payments portfolio.

Regional players

• Belvo: Latin America's leading Open Banking API platform providing bank connectivity and A2A payments. Comparable product architecture to BANKSapi but focused on Mexican, Brazilian and Colombian markets rather than competing in DACH.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• GitHubgithub.com/BANKSapi/banking-widgets-demo
• LinkedInlinkedin.com/company/banksapi
• Xx.com/Banks_api

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BANKSapi