Banfico
Banfico is a UK (outside the EU/EEA) fintech-infrastructure provider (Open banking, Verification of Payee). Verified at source - licence, regulator and registry reference. Active
Who it's for
Banfico is built for products using bank-account data or bank-to-bank payments over PSD2 rails. It operates under a payment institution licence.
Sovereignty profile
- Data residency (EEA): No - outside the EEA
- Company origin: UK (UK)
What Banfico does
Verified licence profile
Banfico (London, UK; founded 2017) - open-banking compliance and Verification of Payee SaaS (OB-Compliance, Confirmation of Payee, MCI/SCA, OB-Directory) for 185+ financial institutions; IPR-ready (Oct 2025).
Verified 2026-06-26. How we verify → · Spotted something out of date? Report a correction. · Are you Banfico? Work with us →
European alternatives to Banfico
LUXHUB (Luxembourg; founded 2018 by four Luxembourgish banks - BCEE, BGL BNP Paribas, Banque Raiffeisen and POST Luxembourg) - open-banking API platform: PSD2 compliance-as-a-service, AIS/PIS connectivity, and mutualised compliance for banks; selected by six Luxembourg banks as their Verification of Payee (VoP) provider under the Instant Payments Regulation.
Aiia (Denmark) - open banking data and payments across 3,000+ European banks; now Mastercard Open Banking Services Europe A/S (Mastercard-owned).
Algoan (Paris, France) - open-banking credit scoring and decisioning: analyses bank transaction data (AIS) to score creditworthiness for lenders, with partnerships including Worldline and Mastercard. Registered AISP (ACPR). A European, data-minimising alternative to classic bureau scores.
Autopay (Blue Media S.A., Poland) - online payments and account-to-account: BLIK, cards and open banking. National Payment Institution, KNF (since 2013).
Belvo (Spanish-founded, 2019) - open finance / open banking APIs (account aggregation, payment initiation); now primarily focused on Latin America (payment-institution authorisation in Mexico; also Brazil and Colombia).
Bridge (France) - open banking AIS/PIS by Bankin' (ACPR-regulated group): account data and A2A payments.
FAQ
Is Banfico European / EEA-based?
Banfico is UK origin (UK) and is not fully EEA-based; shown as a contrast/comparison.
What does Banfico do?
Banfico covers: Open banking, Verification of Payee. Verified at source by Fintechnologica.