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Scilab VS Plaid

Compare Scilab VS Plaid and see what are their differences

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Contents:
  1. » Base Details
  2. » Videos
  3. » Reviews
  4. » Alternatives

Scilab logo Scilab

Scilab Official Website. Enter your search in the box aboveAbout ScilabScilab is free and open source software for numerical . Thanks for downloading Scilab!

Plaid logo Plaid

Infrastructure that powers financial technology by enabling applications to connect with users' bank accounts.
  • Scilab Landing page
    Landing page //
    2023-02-10
  • Plaid Landing page
    Landing page //
    2023-01-12

Scilab features and specs

  • Open Source
    Scilab is free and open-source software, allowing users to access the source code and modify it to suit their needs without any cost.
  • Extensive Mathematical Functionality
    Scilab provides a wide range of mathematical functions and capabilities for numerical computation, making it suitable for a variety of scientific and engineering applications.
  • Toolboxes and Modules
    It offers various built-in toolboxes and modules for specialized tasks, such as signal processing, control systems, and optimization, expanding its functionality.
  • Cross-Platform Support
    Scilab runs on different operating systems, including Windows, macOS, and Linux, providing flexibility for users working in diverse environments.
  • Strong Community Support
    A large and active user community means that users can find plenty of support, tutorials, and third-party contributions, easing the learning curve.
  • Integration Capabilities
    Scilab can be easily integrated with other software and tools, such as Modelica for modeling and simulation, enhancing its versatility in different workflows.

Possible disadvantages of Scilab

  • Performance
    Scilab may not be as performance-optimized as some other numerical computation software, like MATLAB, especially for very large datasets or highly complex calculations.
  • Learning Curve
    While Scilab is powerful, it can be challenging for beginners to master due to its extensive functionality and the need to learn its scripting language.
  • Less Commercial Support
    As open-source software, Scilab does not offer the same level of commercial support or extensive professional resources that are available for some paid alternatives like MATLAB.
  • Documentation Quality
    Although Scilab has a lot of documentation, some users find that it lacks depth or clarity compared to other software, making it harder to find thorough explanations or examples.
  • Graphical User Interface
    The graphical user interface (GUI) of Scilab is not as polished or user-friendly as that of some competitor tools, which can impact user experience.
  • Compatibility Issues
    Interoperability with MATLAB can be limited, potentially causing issues when porting code or collaborating with MATLAB users.

Plaid features and specs

  • Extensive Coverage
    Plaid provides connectivity to a vast range of financial institutions, making it easier for users to link their bank accounts and financial data seamlessly.
  • API Integration
    Plaid offers robust and well-documented APIs, which simplifies the process for developers to integrate Plaid services into their applications.
  • Security
    Plaid employs advanced security measures, including encryption and secure connections, to protect user financial data.
  • User Experience
    The user interface and experience provided by Plaid are streamlined and user-friendly, improving overall satisfaction.
  • Speed and Reliability
    Plaid delivers fast and reliable services, minimizing downtime and ensuring swift data retrieval and transactions.

Possible disadvantages of Plaid

  • Cost
    Plaid can be expensive for small businesses and startups, given its pricing model which may include costs per connection or per API call.
  • Geographical Limitations
    Although Plaid has a broad range of financial institution connections, its coverage can be limited in some regions outside major markets like the US and Europe.
  • Data Privacy Concerns
    There are ongoing debates regarding the privacy of user data, as users need to share sensitive financial information to use Plaid's services.
  • Complexity of Setup
    While the APIs are well-documented, initial setup and integration can be complex and time-consuming, particularly for those who are not familiar with financial APIs.
  • Customer Support
    Some users have reported issues with Plaid's customer support, indicating that response times and resolutions can be slow.

Analysis of Scilab

Overall verdict

  • Overall, Scilab is a robust and cost-effective alternative to other commercial numerical computation software. Its strengths lie in its flexibility and the support of a large community of users and contributors.

Why this product is good

  • Scilab is considered good by many due to its open-source nature, comprehensive capabilities for numerical computations, and its extensive community support. It offers a wide range of mathematical functions for engineering and scientific applications and is particularly favored for its ability to handle complex data analysis and simulations. Additionally, its compatibility with MATLAB code and its powerful graphical capabilities make it a versatile tool for developers and researchers.

Recommended for

    Scilab is recommended for engineers, scientists, and educators who require a powerful computational tool without the associated costs of commercial software. It is also suitable for students and researchers who are looking to perform complex mathematical modeling and simulations.

Scilab videos

+ Add

Scilab IPCV 1.2

More videos:

  • Review - Raspberry Pi for Computer Vision with Scilab
  • Review - Tone Recognition with Scilab and LabVIEW to Scilab Gateway

Plaid videos

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Plaid - Polymer (Album Review)

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Category Popularity

0-100% (relative to Scilab and Plaid)

Scilab

Plaid

Technical Computing
100 100%
Technical Computing
0% 0
Personal Finance
0 0%
Personal Finance
100% 100
Numerical Computation
100 100%
Numerical Computation
0% 0
Other Fin Tech
0 0%
Other Fin Tech
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Scilab and Plaid

Scilab Reviews

25 Best Statistical Analysis Software
Scilab is a powerful, free, and open-source software widely used by researchers, students, and professionals in various fields such as engineering, mathematics, physics, and more.
Source: www.scijournal.org
7 Best MATLAB alternatives for Linux
The syntax of Scilab is similar to MATLAB it also provides a source code translator to convert MATLAB code to Scilab.
Source: cyanogenmods.org
Matlab Alternatives
Scilab is an open-source similar to the implementation of Matlab. The approximation techniques known as Scientific Computing is used to solve numerical problems. To achieve this, the team of Scilab developers made use of Solvers and algorithms to build the algebraic libraries. Scilab is one of the major alternatives to Matlab along with GNU Octave.
Source: www.educba.com
10 Best MATLAB Alternatives [For Beginners and Professionals]
Scilab has 1700 mathematical functions for engineering applications and data analysis. You can also use Scilab to solve various constrained and unconstrained problems such as shape and topology optimizations etc.
Source: thetechtop10.com
4 open source alternatives to MATLAB
Scilab is another open source option for numerical computing that runs across all the major platforms: Windows, Mac, and Linux included. Scilab is perhaps the best known alternative outside of Octave, and (like Octave) it is very similar to MATLAB in its implementation, although exact compatibility is not a goal of the project's developers.
Source: opensource.com

Plaid Reviews

Top 6 Open Banking API Providers to Consider in 2025 [Updated]
Yapily and Truelayer offer robust, easy-to-integrate solutions for businesses looking for scalability. Plaid excels in North America, providing extensive financial data aggregation, while Stripe Connect offers a global reach, though it’s more focused on multi-party transactions. Saltedge remains a solid option for businesses requiring strong compliance and secure data...
Source: blog.finexer.com
Detailed guide to Top 3 Plaid alternatives
Plaid has earned its reputation as a leader in the Open Banking world, but let’s be honest—it’s not always the best fit for everyone. Depending on your business, you might run into hurdles like limited bank coverage, complex integration processes, or pricing that doesn’t quite add up. If you’re looking for something that offers more flexibility, wider reach, or a more...
Source: blog.finexer.com
Best Income Verification Software in the UK: Top 10
Plaid is a widely recognised income verification software that connects businesses with real-time financial data from bank accounts, payroll providers, and tax systems. While widely used in the US and Europe, Plaid has expanded its open banking integrations in the UK, making it a strong choice for lenders requiring global income verification capabilities.
Source: blog.finexer.com
Top 12 UK Open banking API Providers you must know in 2025
Plaid is a financial technology company that provides a data transfer network, enabling applications to connect with users’ bank accounts. Operating in the UK and across Europe, Plaid offers solutions that facilitate seamless access to financial data and payment initiation services.
Source: blog.finexer.com
Top 3 Open banking platforms for fintech startups in the UK
Plaid entered the UK market with a decade of experience from its operations in the United States, where it has processed billions of transactions since its founding in 2013 in San Francisco. Their system emphasises enterprise-grade reliability and data aggregation capabilities, particularly in North America, where they maintain market leadership. The platform’s integration...
Source: blog.finexer.com

Social recommendations and mentions

Based on our record, Plaid seems to be more popular. It has been mentiond 78 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Scilab mentions (0)

We have not tracked any mentions of Scilab yet. Tracking of Scilab recommendations started around Mar 2021.

Plaid mentions (78)

  • Can someone's Venmo/PayPal balance be approved to show up in a 3rd party app?
    Oh this is a https://plaid.com/ use case I think. - Source: Hacker News / almost 2 years ago
  • Need help finding simulation business bank accounts + credit cards
    My company made a financial dashboard for small businesses that aggregates information from financial institutions into a simplified view. The problem I need to solve: our only way of showing what it looks like when in use, is by connecting our own bank accounts + credit cards, but of course that exposes our personal info. I'd like to setup a demo account using fake financial data that simulates a real world... Source: almost 2 years ago
  • Need A Solution to Amex Business Credit Card Data
    I have been looking into this and found Plaid, Yodlee, and Flinks. I am not 100% if any of these will work. Source: almost 2 years ago
  • (Canada) Does anyone know of an API service that will users to connect with their personal bank and return things like their bank feed?
    Yeah I fully expect to pay, but I am sure there are companies that do this. It's simply reading data, I am not touching anything within the user's bank account. Places like Australia are quite big on open banking I believe, that allows, with proper verification, to access bank account information. I've just found one company plaid.com, it doesn't have all the institutions I was hoping for but the majority of big... Source: almost 2 years ago
  • Intuits Mint is garbage this year, need other recs for tracking expenses.
    Switching platforms won't help. Every money visualization app on the market uses plaid to fetch their data, so every app will have the same data quality issues. Source: almost 2 years ago
View more

What are some alternatives?

When comparing Scilab and Plaid, you can also consider the following products

MATLAB - A high-level language and interactive environment for numerical computation, visualization, and programming

Verafin - Verafin provides compliance, anti-money laundering, and fraud detection software.

Wolfram Mathematica - Mathematica has characterized the cutting edge in specialized processing—and gave the chief calculation environment to a large number of pioneers, instructors, understudies, and others around the globe.

QuoteMedia - Financial web tools that allow users to access real-time​ stock quotes, with live charts and NASDAQ level 2 data.

GNU Octave - GNU Octave is a programming language for scientific computing.

Digital Insight - Digital Insight provides digital banking solutions to mid-market banks and credit unions.

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