What the Basiq API can do for you
✅ Account verification
Instantly verify account ownership and balances in real time to improve the user experience and mitigate fraud and risk. Use this to automate responsible lending, reduce dishonour fees for payments and improve collections.
✅ Data aggregation for single view of customer finances
Access and aggregate all your customers financial data in one place to get a single view of customer finances. Use this to build or add PFM (Personal Financial Management) functionality and provide more tailored product offerings and recommendations.
✅ Provide ongoing access to customer data
Secure ongoing access to reliable account, transaction and identity data from +100 institutions in real-time to deliver more engaging and personalised experiences
✅ Data enrichment to understand spend behaviour
Gain greater insight into customer transactions with powerful overlay services across expense classification, merchant identification, merchant location and merchant logos. Ongoing access to enriched data lets you build next-generation financial planning and wealth management solutions.
✅ Powerful insights for deep financial analysis
Get a better understanding of your customer's financials by identifying income sources, expenses, assets and liabilities, and generate comprehensive, bank agnostic affordability reports for a complete picture of their financial position at any given point in time
What the Basiq API can't do for you
❌ We don't provide write access
Basiq has read only access only, meaning we can not update or create any data when a customer provides their credentials.
❌ We don't provide event notifications (...yet)
Watch this space... Although we do not currently do not offer any Webhook style support, we are currently working on an action initiation feature, which will enable you to subscribe to changes in data.
❌ We don't expose customer credit card numbers
Credit card numbers are always masked to maintain PCI compliance.
❌ We don't share your data
We take data privacy very seriously and we do not hold onto or share any of your data without your consent.
Updated over 1 year ago