We’re excited to launch the Business Affordability Report API, providing partners with deep insights into the financial health of business entities—whether sole traders or large enterprises.
✅ What’s Included:
Brand new Business Affordability Report API
Dashboard enhancements on the Reports page (now live in production)
This API builds on our Consumer Affordability foundation and supports smarter, faster, and more inclusive B2B lending through consent-based access to business financial data.
⚠️ New Error Message for Missing Consent
We’ve introduced a new 400 Bad Request error for Classic Affordability and Insight Reports, shown only when:
A consent has been revoked or expired, and
Core has not yet completed user data deletion
Error message:400 Bad request – user doesn't have an active consent
📝 Note:
This should be rare, but may occur if a partner attempts to create a report immediately after consent is revoked and before deletion finalises.
🧾 Developer Hub Footer & Legal Disclaimer Update
What’s New:
ABN details for Basiq & Cuscal
CDR accreditation number: ADRBNK000208
Clarification that Basiq is not an Authorised Deposit-Taking Institution
These updates improve clarity, legal compliance, and transparency across our platforms. Big thanks to Legal, Brand, and Product for the collaboration!
We are excited to share the latest updates and improvements we've made to the API, dashboard and Basiq Connect in October 2024. These updates focus on enhancing user experience, improving connectivity, and providing more accurate data insights. Here's what's new:
Enhanced Consent Management in Dashboard & Basiq Connect
🆕 Consent Screen Refresh: The Basiq Dashboard consent request screen and Basiq Connect have been updated to improve user experience and expand functionality.
🔄 Unified Query Parameters: Basiq Connect now supports the same query parameters as the Basiq Consent UI. Dashboard users can now:
Request consent extensions.
Target specific institutions.
Update consent settings or reauthorize existing connections.
Request Consent with various options
🎨 Customizable Purpose Selection UI
Partners can now select from a list of predefined templates when specifying the purpose of their consent request.
🛠️ Want a unique purpose?
Partners can still add custom purposes by selecting the last option in the list.
Purpose with - Add a custom purpose at bottom
🧑🏫 Sandbox Personas & Use Cases Update
New Personas Added for Real-World Testing Scenarios:
Wentworth-Smith (whislter): Joint account, stable income, mortgage, car loan.
Whistler (ShowBox): Fortnightly salary, BNPL, large transfers, and minimal daily expenses.
Gilfoyle (PiedPiper): Unemployment benefits, BNPL with late fees.
gavinBelson (hooli2016): Salary + tutoring, personal loan, steady expenses.
jared (django): Uber income, mortgage, volatile earnings.
richard (tabsnotspaces): High stable income + rental, multiple credit accounts.
We are excited to share the latest updates and improvements we've made to the API and Dashboard in September 2024. These updates focus on enhancing user experience, improving connectivity, and providing more accurate data insights. Here's what's new:
🌟 New Event Types for Partners
Partners can now subscribe to three new event types:
We are excited to introduce our Income Verification Tutorial, designed to help users automate the process of verifying their income. This tutorial provides guidance on securely connecting bank accounts and generating comprehensive income reports using the Reports API.
We are excited to share the latest updates and improvements we've made to the API and Dashboard in August 2024. These updates focus on enhancing user experience, improving security, and providing more accurate data insights. Here's what's new:
🌟 Consent Management Enhancements
Mandatoryaccount.basic Scope: To streamline consent management, the account.basic scope is now a required field in the Customiser UI for Consent Management. This applies to:
Platform > Consent Management > Consent Scopes: Learn more
We have added a new revoked field to the GET Consent API to indicate the date a consent was revoked. This field will be populated when user consent is deleted or when a user is deleted. The revoked field uses the format: now().UTC().Format(time.RFC3339).
Improved Metrics Logic: Metrics are now calculated using deduplicated transaction sets, resulting in more accurate data points. Previously, transactions that appeared in multiple groups could cause skewed metrics due to duplication. This update ensures that each transaction is counted only once, even if it falls under multiple groups.
Multi-Factor Authentication (MFA) is now enforced to enhance the security of our systems. For more details, please check our documentation.
💟 Improved CDR Receipt Notifications:
Consent Creation Notifications: Notifications are now sent only upon CDR connection activation, preventing unnecessary alerts.
🌐 Web Connectors Update
Greater Bank: Updated the web connector to accommodate recent changes to Greater Bank's online banking portal.
🚀 New Data Holder Coming Soon: Liberty Financial Pty Ltd
We are pleased to announce that Liberty Financial Pty Ltd will soon be added as a supported data holder in our Connectors API. Liberty Financial has recently become available for Open Banking, and we are working to ensure our platform supports this institution.
We are excited to expand our support for Open Banking by including Liberty Financial Pty Ltd and look forward to providing you with enhanced connectivity and services. Stay tuned for further updates on the availability of this new data holder in our Connectors API.
Stay Updated 📢
If you have any questions or need further assistance, don't hesitate to reach out to our support team.
