Akoya

What Akoya is

Akoya gives fintechs and financial institutions API-based access to consumer-permissioned financial data through a network connection. It provides one integration for multiple API connections across its network, which Akoya says links to 4,300+ financial institutions and powers 7,000+ apps. Its APIs cover account and investment details, balances, transactions, customer information, payment credentials, and statements. Data refresh is real-time; statement formats include PDF, GIF, JPG, TIFF, and PNG.

The service supports account opening, personal and business financial management, lending and credit enhancement, payment enablement, and wealth management and investing. Consumers can explicitly approve sharing with each third-party app, monitor access, and revoke consent at any time. Akoya says data moving through its platform is encrypted in transit and that it does not store consumer financial data or login credentials. It states that it holds SOC 2 Type 2 certification and aligns with NIST and FIPS-140 standards. A free self-service sandbox with test data is available. Production access requires a request, onboarding, security screening, and a signed agreement. Akoya was founded in 2020 and offers Standard and Enterprise plans with pricing on request.

Who it suits

Akoya suits fintechs and financial institutions building products that need consumer-permissioned financial data from multiple institutions. Its listed use cases span account opening, money management, lending, payments, and wealth management.

Limits

The free sandbox uses test data; production access requires a request, onboarding, security screening, and a signed agreement. Standard covers fewer than 10,000 monthly connections, while Enterprise is for 10,000+ and uses custom pricing.

Getting started

1. Visit https://akoya.com/.
2. Use the free self-service sandbox with test data.
3. Request production access.
4. Complete onboarding and security screening, then sign the required agreement.
5. Select Standard or Enterprise based on monthly connection volume and contact Akoya for pricing.

Verdict

Choose Akoya if your organization needs permissioned financial data access across institutions, with a sandbox for evaluation and consumer consent controls. Expect a production onboarding process and request pricing before planning implementation costs.