# Powens Reviews **Vendor:** Powens **Category:** [Financial Data APIs](https://www.g2.com/categories/financial-data-apis) **Average Rating:** 4.5/5.0 **Total Reviews:** 10 ## About Powens Powens is a leading Open Finance and Embedded Banking platform that empowers financial institutions, fintech companies, and software vendors across Europe and Latin America to create innovative financial products and streamline operations through automated banking and payment solutions. With over a decade of industry expertise, Powens connects to more than 1,800 financial institutions across 12 countries, providing real-time access to standardized financial data, including detailed balances, transaction records, and historical information from current accounts. Key Features and Functionality: - Data & Document Aggregation Solutions: Access accurate financial data from multiple sources in a fully compliant manner, encompassing checking and savings accounts, loans, investments, and cryptocurrencies. - Data Processing Solutions: Enhance user experiences with automated bank identity verification, real-time revenue assessment for improved credit decisions, and efficient data categorization. - Accounts & Payment Solutions: Issue local IBAN accounts, facilitate seamless pay-in and payout processes, and support SEPA credit transfers and direct debits. Primary Value and User Solutions: Powens addresses the need for seamless integration of financial services into customer experiences, enabling businesses to offer frictionless and fully automated banking and payment solutions. By providing comprehensive access to financial data and processing capabilities, Powens helps clients streamline customer onboarding, facilitate real-time credit decisions, enrich customer insights, and automate payments and reconciliation processes. This holistic approach allows businesses to enhance operational efficiency, reduce risk, and deliver superior financial services to their customers. ## Powens Reviews ### 1. US BANK review **Rating:** 4.5/5.0 stars **Reviewed by:** Wendy W. | Mid-Market (51-1000 emp.) **Reviewed Date:** March 21, 2023 **What do you like best about Powens?** Personal banking services, helping small businesses with no fixed monthly fees. Also, provide an API feed to Quickbook and make it easier to reconcile bank transactions. **What do you dislike about Powens?** US Bank does not have many branches like the other bigger bank such as Bank of America, Wells Fargo, or Chase. That said, it will be slighly inconvenience to some customers if they want to go to the branch to perform banking transactions. **What problems is Powens solving and how is that benefiting you?** We can import our transaction data and account information from U.S. Bank. Reconcile downloaded transactions with your online software register. Integrated bank transactions into Quickbook. Schedule and pay bills to almost anywhere in the United States. ### 2. Nice **Rating:** 5.0/5.0 stars **Reviewed by:** Shivam S. | General Secretary, Students' Technical Council, Enterprise (> 1000 emp.) **Reviewed Date:** October 12, 2022 **What do you like best about Powens?** Its UI experience is excellent, and I loved it personally. Not like other similar apps, similar apps have boring UI; it's a unique and very must-have app. Truly great. **What do you dislike about Powens?** It's slow during the operation sometimes, and sometimes, it gets hanged and forcibly closed by the system, which is a drawback to be rectified. Otherwise, it was good. **What problems is Powens solving and how is that benefiting you?** A nice BANK platform solution. ### 3. Very Useful!! **Rating:** 5.0/5.0 stars **Reviewed by:** Jhan B. | Software engineer, Small-Business (50 or fewer emp.) **Reviewed Date:** October 20, 2022 **What do you like best about Powens?** Very efficient and processes faster than the others. **What do you dislike about Powens?** Not dislike but somehow it should've options to pick your authentication options like OTP or face ID **What problems is Powens solving and how is that benefiting you?** Since its too wide and there's a lot, I couldn't give specific but I would say that most of the time, BANK allows me to solve many situations. ### 4. One of the Best Open Banking Platform Solutions **Rating:** 5.0/5.0 stars **Reviewed by:** Srinivasarao B. | Info Security Engineer, Enterprise (> 1000 emp.) **Reviewed Date:** September 15, 2022 **What do you like best about Powens?** Open Banking platform Offers best solution for Banking sector, Insurance, fintech solutions etc,. Simple from customer perspective yet efficient Top Security which is critical for financial companies **What do you dislike about Powens?** There is nothing that i do not like but can be improved a lot by adding more security features. **What problems is Powens solving and how is that benefiting you?** Proividing efficient solutions as ab Open banking platform for Banking, Insurance etc Provides Smart services to customers ### 5. BANK Experience **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Telecommunications | Mid-Market (51-1000 emp.) **Reviewed Date:** September 15, 2022 **What do you like best about Powens?** It's essential for us to have all the papers out of our office but well organizated and easy to find if we need access to them. In that way, BANK provide us a perfect solution to our storage problem. **What do you dislike about Powens?** Sometimes the logistics behind the dispatch of all the files out of our office is difficult because of time schedules on both parts. **What problems is Powens solving and how is that benefiting you?** Bank is working on a more flexible schedule to satisfy our needs. Also, they told us that they are working on a digitalizing process for all the documents, which would be great for us. ### 6. Fast payment gateway **Rating:** 4.0/5.0 stars **Reviewed by:** Sanju J. | International Support Specialist, Small-Business (50 or fewer emp.) **Reviewed Date:** September 27, 2022 **What do you like best about Powens?** Here API enables faster payments systems. Which detects all pending dues from billers. **What do you dislike about Powens?** Till now there's no problem in this software but session time is too short and customer service must be improving a bit. **What problems is Powens solving and how is that benefiting you?** Our clients may have access to various services, calculating all financial services and track it ### 7. It was tedious to complete the process, but very little complex. **Rating:** 3.0/5.0 stars **Reviewed by:** Ernesto P. | Líder de Servicios Hogares & Profesionales, Mid-Market (51-1000 emp.) **Reviewed Date:** October 27, 2022 **What do you like best about Powens?** The reliability and simplicity of the storage process **What do you dislike about Powens?** The slow loading of paper documentation **What problems is Powens solving and how is that benefiting you?** The storage of essential documentation in the legal field ### 8. The east way to transmit all your banking data **Rating:** 4.5/5.0 stars **Reviewed by:** Steve W. | Director of Marketing and Business Development, Small-Business (50 or fewer emp.) **Reviewed Date:** September 15, 2022 **What do you like best about Powens?** Bank lets you collect and transmit all of your banking data at once in a secure manner. **What do you dislike about Powens?** Pretty happy with all functionality and access **What problems is Powens solving and how is that benefiting you?** It creates more efficiency by collecting and transmitting all data instantaneously and allows me to view all accounts at once ### 9. Easy to access you money **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Apparel & Fashion | Mid-Market (51-1000 emp.) **Reviewed Date:** September 16, 2022 **What do you like best about Powens?** No need to carry money. You can access the money from anywhere due to digitalisation **What do you dislike about Powens?** Annual changes that you have to pay in order to maintain the account **What problems is Powens solving and how is that benefiting you?** seller payment and customer refunds are really smooth and convenient ### 10. Very reliable! **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Apparel & Fashion | Mid-Market (51-1000 emp.) **Reviewed Date:** September 15, 2022 **What do you like best about Powens?** Easy to use, and navigation is easy. UI is good **What do you dislike about Powens?** Too many tabs and sometimes the text is not accessible **What problems is Powens solving and how is that benefiting you?** Bank is helping me keep all accounts monitoring. - [View Powens pricing details and edition comparison](https://www.g2.com/products/powens/reviews?section=pricing&secure%5Bexpires_at%5D=2026-05-14+04%3A00%3A02+-0500&secure%5Bsession_id%5D=e75fb844-f60d-4958-ba24-4d3f983e9ba2&secure%5Btoken%5D=fc0e37e0d853b2eff9a038eb263e66a2775eb220f817c6d2bb6e4e5fc08ce8d4&format=llm_user) ## Top Powens Alternatives - [Merge Unified](https://www.g2.com/products/merge-unified/reviews) - 4.7/5.0 (251 reviews) - [Stripe Connect](https://www.g2.com/products/stripe-connect/reviews) - 4.4/5.0 (247 reviews) - [Plaid](https://www.g2.com/products/plaid/reviews) - 4.2/5.0 (43 reviews)