Comparison · 2026 edition
Griffin vs Swan: banking as a service compared 2026.
Griffin and Swan side by side in the Banking-as-a-Service and Sponsor Banks Index 2026: scores, evidence, published facts and awards.
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Griffin and Swan side by side in the Banking-as-a-Service and Sponsor Banks Index 2026: scores, evidence, published facts and awards.
In the Banking-as-a-Service and Sponsor Banks Index, Swan scores higher overall: 3.9 out of 5 (78 out of 100) against 3.2 (64), ranking 1 and 5 of 11. Swan also scores higher in every segment.
Overall and segment scores out of 100, and the score out of 5.
| Score | Griffin | Swan |
|---|---|---|
| Score out of 5 | 3.2 | 3.9 |
| Score out of 100 | 64 | 78 |
| Overall rank | 5 of 11 | 1 of 11 |
| For fintechs launching accounts and cards (out of 100) | 63, rank 5 | 79, rank 2 |
| For software platforms embedding finance (out of 100) | 61, rank 5 | 77, rank 1 |
| For regulated payment and e-money firms (out of 100) | 69, rank 5 | 79, rank 2 |
| Type | UK bank for embedded finance | Embedded banking under a French e-money licence |
Each score with the evidence behind it.
| Criterion | Griffin | Swan |
|---|---|---|
| Product range | 3/5 Accounts and payment rails published; cards and lending not published. | 4/5 Accounts, cards and SEPA payments published; lending not published. |
| Published pricing | 2/5 Monthly spend tiers published; onboarding fee only as a "from" price. | 2/5 Card and set-up fees published; plan price only as "starting from". |
| Licence and deposit protection | 5/5 Own UK banking licence with firm reference and FSCS protection. | 4/5 Own e-money licence with register number and named safeguarding banks; e-money is safeguarded, not deposit-insured. |
| Compliance support | 3/5 Automated KYC and KYB published; transaction monitoring not described. | 4/5 Swan states it carries the regulatory and fraud risk; transaction monitoring not described. |
| Integration | 4/5 API, sandbox and a stated launch time; ready-made screens not published. | 5/5 API, sandbox, no-code screens and a stated launch time. |
| Markets | 1/5 UK only. | 4/5 31 EEA countries. |
Each criterion is scored 0 to 5 against the best published offer in the Banking-as-a-Service and Sponsor Banks 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 | Griffin | Swan |
|---|---|---|
| Product range | Embedded bank accounts, business accounts, savings, client money, safeguarding, payments (Faster Payments, Bacs credits, CHAPS) and Verify. Cards and lending not published. | Accounts with IBANs starting FR, DE, ES, NL and IT; virtual IBANs; physical, virtual and Apple Pay or Google Pay cards; SEPA transfers and SEPA Direct Debit. Lending not described. |
| Pricing | Platform banking onboarding "from £15,000"; monthly minimum spend packages £4,000, £6,000 and £10,000, Enterprise custom. | Sandbox free; Swan on demand "Starting from 2990€/m"; Enterprise custom; non-euro card payments 2%; physical cards 5€ each; no set-up fees. |
| Licence and deposit protection | Griffin Bank Ltd, "authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority", firm reference 970920; FSCS "up to £120,000". | Licensed electronic money institution authorised by the ACPR (REGAFI 86245) on 04/06/2020; client funds safeguarded at BNP Paribas and Natixis. |
| Compliance support | Verify: "Automate KYC/KYB checks"; "Use our onboarding products to automate key compliance processes." | "No banking license required"; clients do not need an internal compliance team; "Swan takes on all the risk for you." KYC and onboarding listed in the sandbox. |
| Integration | "Embed accounts, payments and onboarding via our API"; sandbox at app.griffin.com/register; "Go live in 6 to 8 weeks". | Sandbox with API explorer, Postman collection and event simulator; "#nocode interfaces let you create your white-labeled MVP in minutes"; "launch in weeks, not months". |
| Scale | "80+ companies use Griffin"; "£8.9B+ payments processed since launching in 2024". | Not listed in this index |
| Markets | Not listed in this index | Services across the EEA; FAQ lists 31 countries. |
| Date read | 26 October 2026 | 26 October 2026 |
Not published or not stated by Griffin: product range, compliance support and integration.
Not published or not stated by Swan: product range, compliance support and integration.
Facts read on 26 October 2026 from: griffin.com/pricing, griffin.com/about, griffin.com/products/embedded-bank-accounts, griffin.com/products/payments, griffin.com/products/verify, griffin.com/deposit-protection; and swan.io/pricing, swan.io/use-cases/fintech, swan.io/faq.
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
UK fintechs and platforms wanting a bank with published plan tiers and fast onboarding.
European software platforms wanting accounts and cards fast, with no-code screens.
Tell us what you need and where you operate.