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Drive growth in BNPL

The use of financial data and insights enables a number of growth opportunities for BNPL providers. Instantly know more about customers to personalise offers and gain more insights about merchants your customers are shopping at.

Real-time financial data

Continuous view of your customers’ aggregated financial position across all connected accounts

Financial position

Generate a financial picture of customers by accessing data on income, expenses, and liabilities

Enriched transactions

Powerful merchant insights to know more about where your customers are shopping

Discover benefits for
BNPL providers

The Basiq platform provides access to data and insights to optimise the BNPL experience,
enabling you to focus on creating unique value for your customers

01 Know your customer

Instantly know more about new and existing customers by connecting financial accounts. Enable personalisation of merchant offerings based on past spend behaviour and increase share of wallet in driving growth opportunities.

Connections
  • ING Mr David Baller, 15 Bendigo Drive, Cartwright NSW
  • HSBC Mr David Baller, 15 Bendigo Drive, Cartwright NSW
Insights
  • Netflix $16.99 per month, 8 transactions, 12% of total of spend
  • Opal $78 per month, 12 transactions, 4% of total spend

02 Improve personalisation and enable growth opportunities

Access powerful merchant insights to discover where your customers are shopping and surface recommended retailers, rewards or promotions. Understand trends in spend behaviour and realise growth opportunities by offering new services such as BNPL for bills and subscriptions.

  • Pending: IKEA
    • 24 Apr, 2023
    • -$324.97
    IKEA

    Scandinavian chain selling ready-to-assemble furniture.

    Address: 634-726 Princes Hwy, Tempe NSW 2044

    Phone: (02) 8020 6641

  • Pending: Harvey Norman
    • 27 Apr, 2023
    • -$1,124.97
    Harvey Norman

    Harvey Norman is Australia's leading electrical retailer.

    Address: Broadway Lvl 1 Broadway Shopping Centre, Glebe NSW 2007

    Phone: (02) 8020 6641

03 Conduct ongoing serviceability assessments

Recognise customer income and spending patterns to personalise spending limits at the right time to give customers more purchasing power when they need it. Obtain a complete view of customer liabilities through alternative lenders and BNPL stacking and understand early signs of potential hardship.

04 Smart data driven payments

Personalise customer repayments based on income patterns and funds available. Verify account balances to ensure successful payments and help customers avoid dishonour fees.

Learn more about the benefits for BNPL providers

View guide

Products used by BNPL providers

Data

Access financial data feeds from banks, super funds and other financial institutions with account information and detailed transaction history to gain a deeper understanding of your end users.

Learn more
Insights

Generate insights from financial data and get a complete financial picture of your customers. View income sources, financial commitments, risk metrics, expense categorisation and merchant insights.

Learn more

Why partner with us

Knowledge & Expertise

Years of experience in accessing and driving insights from financial data through RESTFUL and fully documented APIs.

Scalability & Reliability

Helped over 3.4m consumers share their data on the platform with over 1m data requests per day.

Open Banking provider

Recognised as a provider of Open Banking services by the ACCC as an Accredited Data Recipient under the CDR.

Developer Tooling

Accelerate development with Basiq’s developer starter kits, best practice quick start guides and API documentation.

Single Platform

A single integration to plug in to the Basiq platform to access data and insights services.

Local Support

A dedicated local support team that ensures smooth implementation, continuous support and fast response times.

Ready to get started with Basiq?

Get in touch with one of our team members or create an account