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APIs · head to head

Enable Banking vs Thredd

Enable Banking logo

Enable Banking

APIs

European bank API aggregation with a free restricted production tier for your own accounts

From
Free
Rated
-
Full reviewWebsite
Thredd logo

Thredd

APIs

Issuer processing platform for fintechs and digital banks, formerly Global Processing Services

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Enable Banking has a free tier, so it costs nothing to try first.
  • Each has a real cost: Enable Banking production pricing is quoted per connected account and call volume with no published rate card, so a free proof of concept gives you no idea of cost at scale.; Thredd pricing is entirely unpublished, so cost comparison against competing processors requires a sales process.
  • They diverge on capability: Enable Banking covers European bank coverage, Thredd covers Issuer processing.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Enable Banking and Thredd actually diverge.

Attributes where Enable Banking and Thredd differ
AttributeEnable BankingThredd
Starting priceFreeOn request
Pricing modelPer connected account per monthquote
Free tierYesNo
PlatformsWeb, REST APIWeb, API

Identical on both: 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 Enable Banking

  • European bank coverage
  • Free sandbox
  • Restricted production
  • TPP infrastructure as a service
  • Consent handling
  • Payment initiation

Only in Thredd

  • Issuer processing
  • Multi-country reach
  • Scheme certification
  • Programme support across verticals
  • High platform availability
  • Global office footprint

What people use each for

The jobs each tool is most often brought in to do.

Enable Banking

  • A small fintech that needs to operate as an agent rather than wait a year for its own AISP authorisationnot Thredd
  • An accounting software vendor pulling bank transactions across several European countriesnot Thredd
  • A treasury tool building and testing a real integration before committing to a contractnot Thredd
  • A lender verifying applicant income from bank data across the Nordics and the EUnot Thredd

Thredd

  • A digital bank or fintech needing issuer processing across many countries under one contractnot Enable Banking
  • A BNPL, lending or crypto product needing certified card processing behind its own brandnot Enable Banking
  • A company that finds outdated Global Processing Services (GPS) material and needs to confirm it is now Threddnot Enable Banking
  • An embedded finance platform wanting a processor already integrated with core banking systems such as Mambunot Enable Banking

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Enable Banking

  • Production pricing is quoted per connected account and call volume with no published rate card, so a free proof of concept gives you no idea of cost at scale.
  • Coverage is European, which rules it out as a single supplier for anyone needing UK plus North American bank data as well.
  • Operating as an agent under the Enable Banking licence means your regulatory permission depends on another company remaining authorised and willing to sponsor you.
  • Bank API quality varies widely across Europe, and outages or degraded endpoints at individual institutions surface as failures in your own product.
  • It is a small Finnish company selling into regulated financial services, so enterprise procurement and vendor resilience reviews are a recurring obstacle.

Thredd

  • Pricing is entirely unpublished, so cost comparison against competing processors requires a sales process.
  • The 2023 rebrand from GPS to Thredd means research under either name alone can miss relevant material, and partner or press references before 2023 will still say GPS.
  • Issuer processing does not include the banking licence itself, so a fintech still needs a separate BIN sponsor or bank partner, adding a second relationship to manage.
  • As shared infrastructure behind many fintech brands, an outage or processing delay at Thredd becomes a simultaneous incident for every programme running on it, with limited visibility for any single customer into root cause.
  • Its verticals span crypto, BNPL and remittance broadly, so depth of specialist support in any one vertical may be thinner than a processor focused narrowly on that niche.

Pricing, plan by plan

Enable Banking

Free
  • Sandbox and restricted productionFree
    • Mock and real bank sandbox access
    • Production access limited to accounts you link yourself
    • Full API surface for development and certification
  • Production$undefined/year
    • Quoted by connected accounts per month and call volume
    • Priced by number of institutions and markets in scope
    • Different rates under your own licence or as an agent

Thredd

On request
  • Thredd$undefined/year
    • Volume and programme-based pricing, not published
    • Custom quote required via sales

Which should you pick?

Choose Enable Banking if

  • You need european bank coverage.
  • You want to start without paying.
  • You work on Web, REST API.
  • You also want free sandbox.
Enable Banking review

Choose Thredd if

  • You need issuer processing.
  • You work on Web, API.
  • You also want multi-country reach.
Thredd review

Questions people ask

Is Enable Banking or Thredd better?
Neither clearly leads. Enable Banking starts at Free and Thredd at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Enable Banking or Thredd?
Enable Banking has a free tier; the other does not. Paid plans start at Free for Enable Banking and On request for Thredd.
Does Enable Banking or Thredd run on more platforms?
Enable Banking runs on Web, REST API. Thredd runs on Web, API.
Can I use Enable Banking for free?
Yes. Enable Banking has a free tier, so you can try it without paying. Thredd starts at On request.
What is Enable Banking best used for?
Enable Banking is most often used for a small fintech that needs to operate as an agent rather than wait a year for its own aisp authorisation, an accounting software vendor pulling bank transactions across several european countries, a treasury tool building and testing a real integration before committing to a contract, a lender verifying applicant income from bank data across the nordics and the eu. Of those, a small fintech that needs to operate as an agent rather than wait a year for its own aisp authorisation and an accounting software vendor pulling bank transactions across several european countries are not what Thredd is typically brought in for.
What can Enable Banking do that Thredd cannot?
Enable Banking covers European bank coverage, Free sandbox, Restricted production, TPP infrastructure as a service. Thredd covers Issuer processing, Multi-country reach, Scheme certification, Programme support across verticals.

Answered from the vendors’ own pages

Enable Banking: Is there really a free tier?

Yes, sandbox plus restricted production against accounts you link yourself. Commercial third-party access is quoted separately.

Thredd: Is Thredd the same company as Global Processing Services?

Yes, GPS rebranded as Thredd in 2023; it is the same company and platform.

Enable Banking: Do I need my own AISP licence?

No. Enable Banking offers third-party provider infrastructure as a service so you can operate as an agent under its authorisation.

Thredd: Does it hold the banking licence for programmes it processes?

No, Thredd is the issuer processor; a separate bank or BIN sponsor holds the actual issuing licence.

Enable Banking: How is production priced?

By connected accounts per month and call volume, adjusted for markets in scope and whether you use your own licence.

Thredd: Is pricing published?

No, it requires a sales conversation.

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