AFFORDABILITY

Complete financial picture

The complete picture of financial position based on income, expenses, assets and liabilities. Dynamically reflects real-time changes in customer finances.

TRUSTED BY

Instant income verification

Use our advanced income algorithms to reliably identify all sources of income such as regular, variable and casual income streams. Enabling you to streamline individual assessments and make faster lending decisions.

Detailed expense analysis

Our market-leading machine learning models classify expenses into 250 unique categories so you get the most accurate picture of customer spending.

The most comprehensive financial report

Make the most of customer banking data to generate an accurate and complete picture of their financial position at any given point in time.

Aggregated, bank agnostic view

Get the true picture of your customer’s debits and credits across all their accounts and institutions.

Historical analysis

Analyse over 12 months of financial data to get a better understanding of your customer’s position.

Expense Insights

Categorise customer spending, with industry standard categories or your own.

Identify Assets and Liabilities

Understand your customers assets and liabilities across all of their accounts.

How it works

Basiq Affordability is an end-to-end platform for collecting,
transforming and analysing customer financial data.

Bring your ideas to life

We have taken extreme care to design APIs that can easily be integrated with your solution, enabling you to access quality data and get to market faster.

{
  "type": "income",
  "id": "s55bf4",
  "fromMonth": "2018-11",
  "toMonth": "2019-11",
  "coverageDays": 394,
  "generatedDate": "2019-12-10T05:49:15",
  "summary": {
    "regularIncomeAvg": "18098.00",
    "regularIncomeYTD": "90490.00",
    "regularIncomeYear": "217176.00",
    "irregularIncomeAvg": "55.00"
  },
  "regular": [
    {
      "source": "payroll wfrms 15439393",
      "frequency": "monthly",
      "ageDays": 334,
      "irregularity": {
        "stability": "100.00",
        "gaps": []
      },
      "previous3Months": {
        "amountAvg": "18098.00",
        "amountAvgMonthly": "18098.00",
        "variance": "0.00"
      },
      "current": {
        "date": "2018-11-30T09:23:37",
        "amount": "18098.00",
        "nextDate": "2018-12-30T18:30:49"
      },
      "changeHistory": [
        {
          "source": "Payroll WFRMS 15439393",
          "date": "2018-11-30T09:23:37",
          "amount": "18098.00"
        }
      ]
    }
  ],
  "irregular": [
    {
      "source": "ctrlink carers 998r6789201610974v",
      "frequency": "irregular",
      "ageDays": 253,
      "amountAvg": "55.00",
      "noOccurrences": 5,
      "avgMonthlyOccurence": "1",
      "current": {
        "date": "2018-10-13T20:03:37",
        "amount": "62.00"
      },
      "changeHistory": [
        {
          "source": "CTRLINK CARERS Ref: 998R6789201610974V",
          "date": "2018-10-13T20:03:37",
          "amount": "62.00"
        }
      ]
    }
  ],
  "otherCredit": [
    {
      "source": "savings interest cr bal - Account 1",
      "frequency": "monthly",
      "ageDay": 335,
      "amountAvg": "110.85",
      "noOccurrences": 12,
      "avgMonthlyOccurence": "1",
      "current": {
        "date": "2019-10-29T00:00:00",
        "amount": "92.99",
        "otherCreditLabel": "regular income small amount"
      },
      "changeHistory": [
        {
          "source": "savings interest cr bal - Account 1",
          "date": "2018-10-13T20:03:37",
          "amount": "62.00"
        }
      ]
    }
  ]
}
{
  "type": "expenses",
  "id": "s55bf5",
  "fromMonth": "2017-12",
  "toMonth": "2018-12",
  "payments": [
    {
      "division": "Education",
      "avgMonthly": "-636.88",
      "percentageTotal": 7.12
    },
    {
      "division": "Food and non-alcoholic beverages",
      "avgMonthly": "-2665.47",
      "percentageTotal": 29.82
    }
  ],
  "cashWithdrawals": {
    "avgMonthly": "-913.14",
    "summary": "monthly"
  },
  "bankFees": {
    "avgMonthly": "-3273.69",
    "summary": "monthly"
  }
}
{
  "assets": [
    {
      "currency": "AUD",
      "balance": "35298.67",
      "availableFunds": "35298.67",
      "institution": "Hooli",
      "type": "account",
      "account": {
        "product": "Hooli Saver",
        "type": "savings"
      },
      "previous6Months": {
        "minBalance": "32427.79",
        "maxBalance": "34798.67"
      }
    },
    {
      "currency": "AUD",
      "balance": "24684.44",
      "availableFunds": "24684.44",
      "institution": "Hooli",
      "type": "account",
      "account": {
        "product": "Hooli Transaction",
        "type": "transaction"
      },
      "previous6Months": {
        "minBalance": "10032.81",
        "maxBalance": "38309.44"
      }
    }
  ]
}
{
  "liabilities": {
    "loan": [
      {
        "currency": "AUD",
        "balance": "-312233.00",
        "availableFunds": "87767.00",
        "institution": "Hooli",
        "account": {
          "type": "mortgage",
          "product": "Hooli Home Loan"
        },
        "previousMonth": {
          "totalCredits": "5768.00",
          "totalDebits": "-4303.50",
          "totalInterestCharged": "-4303.50",
          "totalRepayments": "5768.00"
        },
        "changeHistory": [
          {
            "direction": "debit",
            "amount": "-4220.75",
            "date": "2019-03-19",
            "source": "Mortgage Interest Payment 746833"
          },
          {
            "direction": "credit",
            "amount": "5768.00",
            "date": "2019-03-31",
            "source": "Transfer Platnm Homeloan 346454"
          },
          {
            "direction": "debit",
            "amount": "-4228.50",
            "date": "2019-04-19",
            "source": "Mortgage Interest Payment 746833"
          }
        ],
        "previous6Months": {
          "arrears": false
        }
      }
    ],
    "credit": [
      {
        "currency": "AUD",
        "balance": "-11713.20",
        "availableFunds": "8286.80",
        "institution": "Hooli",
        "creditLimit": "20000.00",
        "account": {
          "type": "credit-card",
          "product": "Hooli Visa"
        },
        "previousMonth": {
          "totalCredits": "0.00",
          "totalDebits": "-8287.10",
          "minBalance": "-3174.16",
          "maxBalance": "-12329.16"
        },
        "previous6Months": {
          "cashAdvances": "-2053.50"
        }
      }
    ]
  }
}

Plug and Play with the rest of the Basiq Platform

Affordability works seamlessly with our other products. Get real-time access to financial data via Connect and use acquired data to understand the nature of each spend via Enrich.

Access account and transaction
data in real-time

Connect

Get real-time access to account details, balances and transactions from financial institutions.

enhance transactions with mechantdata

Enhance transactions with
merchant data

Enrich

Get rich insights by identifying the merchant, expense category and location of each bank transaction.

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