Comparison · 2026 edition
Formance vs SDK.finance: core banking compared 2026.
Formance and SDK.finance side by side in the Core Banking and Ledgers Index 2026: scores, evidence, published facts and awards.
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Formance and SDK.finance side by side in the Core Banking and Ledgers Index 2026: scores, evidence, published facts and awards.
In the Core Banking and Ledgers Index, SDK.finance scores higher overall: 3.0 out of 5 (60 out of 100) against 3.0 (59), ranking 2 and 3 of 12. Formance scores higher for banks and building societies; SDK.finance scores higher for fintechs building their own products; they tie for e-money and payment firms.
Overall and segment scores out of 100, and the score out of 5.
| Score | Formance | SDK.finance |
|---|---|---|
| Score out of 5 | 3.0 | 3.0 |
| Score out of 100 | 59 | 60 |
| Overall rank | 3 of 12 | 2 of 12 |
| For banks and building societies (out of 100) | 59, rank 3 | 52, rank 9 |
| For E-money and payment firms (out of 100) | 60, rank 2 | 60, rank 3 |
| For fintechs building their own products (out of 100) | 59, rank 3 | 68, rank 1 |
| Type | Open-source ledger platform | Core banking and wallet platform |
Each score with the evidence behind it.
| Criterion | Formance | SDK.finance |
|---|---|---|
| Product coverage | 3/5 Accounts, payments and multi-currency published; lending and cards not offered. | 3/5 Accounts, cards and payments published; lending and multi-currency not confirmed. |
| Published pricing | 3/5 Free open-source tier published; enterprise not priced. | 5/5 Monthly and per-transaction SaaS price published. |
| Deployment choice | 4/5 Vendor-run in a named cloud and self-hosted; one cloud only. | 4/5 SaaS and on-premise published; no named cloud. |
| Integration | 3/5 SDKs, documentation and free self-serve access; no launch time. | 4/5 API reference and sandbox; no launch time. |
| Security and regulated clients | 4/5 ISO 27001:2022 and SOC 2 Type II; no named regulated clients. | 1/5 Case-study clients named; no certifications published. |
| Proven scale | 0/5 Not published. | 0/5 Not published for the platform. |
Each criterion is scored 0 to 5 against the best published offer in the Core Banking and Ledgers Index. 0 means not offered or not published. How it is scored
What each provider publishes on its own pages, read on 26 October 2026.
| Fact | Formance | SDK.finance |
|---|---|---|
| Product coverage | "Double-entry, multi-currency" core ledger; Wallets module with "multi-currency balances, holds, expiring balances"; Flows module for multi-step transactions; pre-built connectors for Stripe, Adyen, Wise, Fireblocks and Kraken. | Solutions for digital wallets, core banking, money transfer and remittance, card issuing and merchant payment processing; "Individual & business accounts". |
| Pricing | Open Source: full ledger "under MIT License" with no fee. Enterprise: "Annual subscription, custom quote based on scale". | SaaS: "First 3 months: flat fee €10,000", then "Monthly payment = €5,500 + €0.05 per transaction". Source code licence: annual or lifetime, price on request. |
| Deployment | Cloud: "Each cloud customer runs in a dedicated private region in a separate AWS account"; also "Private Cloud or Assisted Self-Hosted deployment". | SaaS, or source code licence "Hosted on your servers (on-premises, dedicated datacenter)". |
| Integration | CLI and SDKs; full source code access; documentation published; self-serve sign-up for the open-source version. | API reference, documentation and release notes; "Back-office Real-time Sandbox" demo. |
| Security and clients | ISO 27001:2022; "SOC 2 Type II audit passed with zero exceptions across all 33 criteria". | "TechFin UAB ... is not a bank, financial or payment institution." Case studies name Geidea, MPAY, TheOneGate, Paywell and Nebeus. No certifications found on the pages read. |
| Date read | 26 October 2026 | 26 October 2026 |
Not published or not stated by Formance: security and regulated clients and proven scale.
Not published or not stated by SDK.finance: product coverage, deployment choice, security and regulated clients and proven scale.
Facts read on 26 October 2026 from: formance.com, formance.com/pricing, formance.com/security; and sdk.finance/pricing, sdk.finance/pricing-saas.
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
Fintech and crypto firms wanting a ledger they can host themselves.
E-money firms and fintechs wanting a published price.
Tell us what you need and where you operate.