APIs · head to head
Akoya vs Neonomics
Akoya
APIs
Bank-owned, token-based open finance network that replaces screen scraping for US financial data
- From
- On request
- Rated
- -
Neonomics
APIs
Nordic open banking payments and data, now with UK coverage through Ordo
- From
- On request
- Rated
- -
The short version
- Each has a real cost: Akoya coverage reaches several thousand institutions but does not match aggregators that can still scrape, so applications needing the long tail of small credit unions will run a second data provider alongside it.; Neonomics coverage outside the Nordics and the UK is comparatively shallow, so a pan European merchant will find gaps and inconsistent bank behaviour in southern and eastern markets.
- They diverge on capability: Akoya covers FDX standard APIs, Neonomics covers Payment initiation.
- Prices and features above were last checked on 1 September 2026.
Where they differ
Only the attributes on which Akoya and Neonomics actually diverge.
Identical on both: starting price (On request), pricing model (quote), free tier (No), user rating (Not yet rated), category (APIs).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Akoya
- FDX standard APIs
- Token-based access
- Investment data
- Accounts, balances and transactions
- Statements and tax forms
- Customer identity
- Consumer permission management
- Single integration
Only in Neonomics
- Payment initiation
- Account information
- Nordic bank depth
- UK coverage via Ordo
- Variable recurring payments
- Request to pay
- White label journeys
- Reconciliation data
What people use each for
The jobs each tool is most often brought in to do.
Akoya
- A wealth management platform that needs Fidelity brokerage holdings and tax lots, which cannot be scraped since Fidelity closed that route in October 2023not Neonomics
- A tax preparation product retrieving tax forms and cost basis directly from the institution rather than asking users to upload PDFsnot Neonomics
- A lender that needs a permissioning trail defensible under CFPB section 1033 rather than a credential-sharing arrangementnot Neonomics
- A bank that wants to meet data sharing obligations through one network connection instead of building and policing its own developer interfacenot Neonomics
Neonomics
- A Norwegian or Swedish merchant collecting payments directly from bank accounts to avoid card feesnot Akoya
- A debt collection agency sending request to pay messages instead of chasing bank transfers manuallynot Akoya
- A software vendor embedding pay by bank into an accounting or invoicing product for Nordic customersnot Akoya
- A business needing both UK and Nordic bank payment coverage from one suppliernot Akoya
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Akoya
- Coverage reaches several thousand institutions but does not match aggregators that can still scrape, so applications needing the long tail of small credit unions will run a second data provider alongside it.
- The network is owned by large banks, so roadmap and coverage priorities reflect owner interests rather than those of the fintechs consuming the data, and a recipient has no leverage over which institutions are added next.
- Data availability is decided institution by institution, meaning a bank may expose balances but not transactions or investments, and recipients must verify field-level coverage per institution rather than assume the FDX model is fully populated.
- Pricing is unpublished and usage based, which makes it difficult to compare against aggregator pricing during a build-versus-buy decision and forces a sales cycle before you can model cost.
- The token model requires the institution to have implemented its side, so newly onboarded institutions arrive on the institution timetable, not yours, and a launch dependent on a specific bank can slip badly.
Neonomics
- Coverage outside the Nordics and the UK is comparatively shallow, so a pan European merchant will find gaps and inconsistent bank behaviour in southern and eastern markets.
- It is a small company relative to Tink and TrueLayer, so supplier viability and the depth of engineering support behind bank API changes are genuine procurement questions.
- Payment initiation only means the merchant handles settlement, reconciliation and refunds, and there is no chargeback framework to fall back on.
- Integrating a recently acquired UK business means two regulatory entities and, for a period, two technology stacks, so cross market feature parity is a promise rather than an existing state.
- Conversion is governed by each bank's own authentication experience, and Nordic BankID flows behave differently from UK app redirects, so a single UX cannot be assumed across the footprint.
Pricing, plan by plan
Akoya
On request- Akoya Data Access$undefined/year
- Usage-based pricing quoted by data product and call volume
- Separate commercial terms for data recipients and for financial institutions joining the network
- No published rate card
Neonomics
On request- Neonomics platform$undefined/year
- Quoted per customer, typically per initiated payment or per API call
- Volume commitments and monthly minimums are common
- Payment initiation only; merchant handles settlement and refunds
Which should you pick?
Choose Neonomics if
- You need payment initiation.
- You work on Web, API.
- You also want account information.
Questions people ask
- Is Akoya or Neonomics better?
- Neither clearly leads. Akoya starts at On request and Neonomics at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Akoya or Neonomics?
- Akoya starts at On request and Neonomics at On request.
- Does Akoya or Neonomics run on more platforms?
- Akoya runs on Web. Neonomics runs on Web, API.
- What is Akoya best used for?
- Akoya is most often used for a wealth management platform that needs fidelity brokerage holdings and tax lots, which cannot be scraped since fidelity closed that route in october 2023, a tax preparation product retrieving tax forms and cost basis directly from the institution rather than asking users to upload pdfs, a lender that needs a permissioning trail defensible under cfpb section 1033 rather than a credential-sharing arrangement, a bank that wants to meet data sharing obligations through one network connection instead of building and policing its own developer interface. Of those, a wealth management platform that needs fidelity brokerage holdings and tax lots, which cannot be scraped since fidelity closed that route in october 2023 and a tax preparation product retrieving tax forms and cost basis directly from the institution rather than asking users to upload pdfs are not what Neonomics is typically brought in for.
- What can Akoya do that Neonomics cannot?
- Akoya covers FDX standard APIs, Token-based access, Investment data, Accounts, balances and transactions. Neonomics covers Payment initiation, Account information, Nordic bank depth, UK coverage via Ordo.
Answered from the vendors’ own pages
Akoya: Who owns Akoya?
A group of large US banks. It was spun out of Fidelity, which is why Fidelity data access runs through it.
Neonomics: Is Neonomics authorised in the UK?
Yes, through the acquisition of Ordo, an FCA authorised open banking payments firm, approved by the FCA and the Norwegian regulator.
Akoya: Is Akoya screen scraping?
No. It uses FDX standard APIs with OpenID Connect tokens, so credentials are never shared with or stored by the data recipient.
Neonomics: Does it support variable recurring payments?
Yes in the UK through the Ordo capability, subject to which banks support commercial VRP; support elsewhere is more limited.
Akoya: Can we use Akoya alone instead of an aggregator?
Usually not. Its investment and large-institution coverage is excellent, but the long tail of smaller institutions is thinner, so most teams run both.
Neonomics: Does Neonomics hold merchant funds?
No. It initiates payments; settlement, reconciliation and refunds remain with the merchant or its payment provider.
Akoya: Does it help with CFPB section 1033?
It is designed around it, providing tokenised permissioned access and consumer revocation rather than credential sharing.
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