APIs · head to head
Akoya vs Paymentology
Akoya
APIs
Bank-owned, token-based open finance network that replaces screen scraping for US financial data
- From
- On request
- Rated
- -
Paymentology
APIs
Cloud issuer processing across emerging and developed markets
- 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.; Paymentology paymentology processes but does not hold issuing licences, so every market still needs your own licence or a sponsor bank, which is usually the slowest and most expensive part of a launch.
- They diverge on capability: Akoya covers FDX standard APIs, Paymentology covers Global issuer processing.
- Prices and features above were last checked on 1 September 2026.
Where they differ
Only the attributes on which Akoya and Paymentology actually diverge.
| Attribute | Akoya | Paymentology |
|---|---|---|
| Platforms | Web | Web, API |
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 Paymentology
- Global issuer processing
- Real time transaction data
- Virtual and physical issuance
- Tokenisation
- Multi currency and multi product
- Card controls
- Programme management tools
- Fraud and risk integration
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 Paymentology
- A tax preparation product retrieving tax forms and cost basis directly from the institution rather than asking users to upload PDFsnot Paymentology
- A lender that needs a permissioning trail defensible under CFPB section 1033 rather than a credential-sharing arrangementnot Paymentology
- A bank that wants to meet data sharing obligations through one network connection instead of building and policing its own developer interfacenot Paymentology
Paymentology
- A neobank launching cards in an African or South East Asian market where hosted United States processors have no certificationnot Akoya
- A mobile money operator adding a card product on top of an existing wallet basenot Akoya
- A bank consolidating several regional card processors onto one platformnot Akoya
- A fintech expanding an existing card programme into the Gulf without re platformingnot 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.
Paymentology
- Paymentology processes but does not hold issuing licences, so every market still needs your own licence or a sponsor bank, which is usually the slowest and most expensive part of a launch.
- Fees include per active card charges and monthly minimums, so a portfolio with many dormant cards pays for plastic that generates no interchange.
- Certification, settlement and scheme relationships differ by country, so a multi market rollout is a series of separate projects rather than one integration.
- As a processor it sits between your product and the networks, meaning outages and scheme mandate changes reach your cardholders through a party you do not control.
- Documentation and developer self service are weaker than the United States hosted processors, so early integration depends heavily on Paymentology implementation staff.
Pricing, plan by plan
Akoya
On request- Akoya Data Access$undefined/year
- Usage-based pricing quoted by data product and call volume
- Separate commercial terms for data recipients and for financial institutions joining the network
- No published rate card
Paymentology
On request- Paymentology processing$undefined/year
- Quoted per programme and per market
- Typically per transaction and per active card fees plus a monthly minimum
- Issuing licence or sponsor bank required in each market and not provided
Which should you pick?
Choose Paymentology if
- You need global issuer processing.
- You work on Web, API.
- You also want real time transaction data.
Questions people ask
- Is Akoya or Paymentology better?
- Neither clearly leads. Akoya starts at On request and Paymentology at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Akoya or Paymentology?
- Akoya starts at On request and Paymentology at On request.
- Does Akoya or Paymentology run on more platforms?
- Akoya runs on Web. Paymentology 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 Paymentology is typically brought in for.
- What can Akoya do that Paymentology cannot?
- Akoya covers FDX standard APIs, Token-based access, Investment data, Accounts, balances and transactions. Paymentology covers Global issuer processing, Real time transaction data, Virtual and physical issuance, Tokenisation.
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.
Paymentology: Does Paymentology provide the BIN and licence?
No. You need your own issuing licence or a sponsor bank in each market; Paymentology processes the transactions.
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.
Paymentology: What is the actual pricing model?
Per transaction and per active card, with a monthly minimum. Dormant cards still cost, so model your activation rate.
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.
Paymentology: Why choose it over a United States issuer processor?
Network certification and live programmes in markets where those processors do not operate, which decides feasibility rather than preference.
Akoya: Does it help with CFPB section 1033?
It is designed around it, providing tokenised permissioned access and consumer revocation rather than credential sharing.
Related pages
More on Paymentology
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