YAXI The European alternative to Plaid

YAXI is an open banking infrastructure from YAXI GmbH in Nuremberg, founded in 2022. The API provides real-time bank connections to over 1,000 European institutions based on PSD2, FinTS and proprietary interfaces. The offering includes SEPA instant transfer, identity verification, account aggregation and transaction retrieval. SDKs are available for JavaScript, Kotlin, Swift, Rust, C++ and Lua.

According to the provider, YAXI runs dedicated hardware in Germany. Processing happens in hardware-isolated enclaves (confidential computing), so that even operators do not have access to user data. The architecture is stateless: credentials, connections and account data are, according to the provider, not persistently stored. YAXI is subject to German law, the GDPR and European banking supervision.

Plaid is US-American and therefore subject to the CLOUD Act, while YAXI is German and focused on European banks. Plaid mainly works with US and some EU banks, YAXI with over 1,000 European institutions. Plaid flows show Plaid branding and consent screens, YAXI is "your brand only" and avoids intermediary branding. For European fintechs with GDPR and PSD2 requirements, YAXI is the direct EU alternative.