Integrate Your Ledger with the Powens Connector
Get connected to over 2,000 banks across Europe for automated reconciliation and real-time data synchronization
Today we’re announcing a strategic partnership with Powens, Europe’s leading open banking infrastructure provider. This collaboration brings comprehensive bank connectivity to Formance customers, connecting the programmable ledger directly to over 2,000 banks across Europe and beyond through Powens’s robust open banking infrastructure.
The partnership addresses a critical challenge facing modern financial applications: maintaining a unified system of record that reflects real-world banking activity. Through Formance’s Powens Connector, customers can now synchronize transactions from traditional bank accounts directly into their programmable ledger, enabling automated reconciliation and real-time visibility across their entire financial infrastructure.
— Clément Salaün, CTO and Co-Founder at Formance.
— Nicolas Ribeaut, CRO at Powens
Customers with existing Powens contracts can leverage the Powens Connector to connect Formance directly to their Powens account, enabling immediate access to banking data within their ledger. The Connector unlocks automated transaction synchronization, real-time reconciliation, and programmable transaction flows that can be defined using Formance’s declarative financial programming language, Numscript.
The partnership enables use cases that previously required extensive custom integration work:
— Clément Salaün, CTO and Co-Founder at Formance.
The Powens Connector is available immediately to Formance customers globally. For more information about the Powens Connector and how it integrates with Formance's programmable finance platform, visit the Formance docs.
Powens is Europe’s leading open finance infrastructure provider, offering secure connectivity to over 2,000 banks across Europe. Through its comprehensive API platform, Powens enables financial institutions and fintech companies to access banking data, initiate payments, and build innovative financial services. Powens serves hundreds of clients across Europe, processing millions of transactions monthly with bank-grade security and regulatory compliance. Learn more at www.powens.com.
