🚀 October Changelog

Stay up to date with the latest updates to the Basiq Platform. This month we’re excited to share connector removals, UI updates, and enhanced tagging for government payments.

🚀 September Changelog

Stay up to date with the latest additions to the Basiq Platform. This month we’re excited to bring you new APIs to supercharge insights and analytics for your apps.

🚀 What's New in the Basiq Platform

Discover the latest enhancements across our APIs and tools. Build smarter with new insights, search features, and updated app experiences.

🆕 Business Affordability API Now Live

📄 Documentation: Business Affordability API Docs

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• A consent has been revoked or expired, and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’ve rolled out some exciting updates:

Income and Expense Report subtypes

• You can now use the Reports API to generate an Income or Expense reportSubType
• This will create a report with only Income or only Expense related Metrics and Groups
• Depending on the amount of transactions, a report may be generated up to 40% faster 🏎️
• You can also choose to include specific Metrics and Groups by specifying their IDs in the request payload

Enhancements to the Consent Extend and Reauthorise flow

• To better align with CDR CX guidelines, we have updated the user experience when a User is Extending or Reauthorising their Consent
• Now -- prior to Extending or redirecting the User to their bank, Basiq will display the ongoing Consent details
• This ensures the Users are fully aware of the terms before making any changes

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Stay Updated 📢

If you have any questions or need further assistance, don't hesitate to reach out to our support team.

🚀 Business Affordability Report is Here! 📊🎉

📢 New Report Release: Business Affordability Report

🚀 What’s New?

• New Report Type: BUS_AFFOR_01 is now available.
• Tailored for Businesses: Built on the CON_AFFOR_01 structure but optimized for business and organisational assessment.
• Automated Date Handling: toDate() is automatically set to the current date for accuracy in balance calculations.
• Multiple Formats: Available in both JSON and PDF.
• Enablement: Contact support to activate this report type for your account.

🔍 This update enhances affordability assessments for businesses, providing structured, standardised insights.

Stay Updated 📣

We’ve rolled out some exciting updates:

Customise UI and Consent UI Updates

• Improved Data Retention Controls:

  • Updated label from "Retain de-identified data by default" to "Ask to retain de-identified data".
  • Enhanced UI and disclaimers for better transparency in consent management.
  • Users now have clearer options to manage their data retention preferences.

• Consent UI Enhancements:

  • Updated messaging to reflect that data will be deleted after the consent period.
  • Improved toggle behavior to better reflect user choices for retaining de-identified data.
  • Added additional info below the toggle to provide more clarity on how de-identified data is handled.

• Better Customisation Experience:

  • Removed dependency between "Retain consumer data" and "Retain de-identified data" options.
  • Improved policy-based logic for displaying and managing data retention settings.

Mandatory "Manage Consent URL" for CDR Applications

• New Requirement for CDR-Accredited Applications:
  • "Manage Consent URL" is now mandatory for applications with CDR accreditation.
  • Applications without CDR accreditation remain unaffected.
• We have published a guide for partners on how to integrate consent management policy.

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Stay Updated 📣

🎉 December Dashboard Update (dashboard.basiq.io) 🚀

We’ve rolled out some exciting updates to improve your application creation experience!

Demo:

🚀 Happy building with Basiq! Let us know how these updates work for you!

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Stay Updated 📢

We are excited to share the latest updates and improvements we've made to the API in November 2024.

Extended Retention Field

• Introduced extendedRetention field in the application consent policy.

API Updates

• /consents endpoints now support the extendedRetention field for creation and retrieval.

Email Updates

• Updated CDR Receipt templates to reflect extendedRetention flag status.

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Stay Updated 📢

If you have any questions or need further assistance, don't hesitate to reach out to our support team.

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.

🎨 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.

🧑‍🏫 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.
• ashMann (hooli2024): Salary + rental income, riskier spending patterns (gambling, crypto).

Use Cases Supported:

• Income verification, liability assessment, expense tracking, and personalized financial insights. For more details, check sandbox testing docs.

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Stay Updated 📢

If you have any questions or need further assistance, don't hesitate to reach out to our support team.