Skip To Content
Collections

Optimise overdue payment collection & debt recovery

Utilise financial data and smart payments to optimise the collection of overdue payments and debt. Eliminate missed payments and establish tailored plans to assist customers in repaying outstanding debt.

slide 1 of 3

Complete financial picture

Get a holistic view of your customer’s finances across all connected accounts

Discover benefits for
collections providers

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

01 Streamline onboarding

Seamlessly onboard users and ensure collections are processed from the right account by verifying bank account details such as Name, BSB and Account number.

Summary
  • $8,107 Avg. monthly credits
  • $7,537 Avg. monthly debits
Connections
  • Commbank Mr David Baller, 15 Bendigo Drive, Cartwright NSW
  • NAB Mr David & Susan Baller 15 Bendigo Drive, Cartwright NSW

02 Ensure successful payments

Perform real-time balance checks to ensure successful collection of overdue payments. Understand changes in a person’s financial position and take proactive steps to help manage customer experience in optimising overdue payments and debt collections.

03 Debt serviceability

Capture up to 2 years of historical financial data to build a profile of a customer’s financial position. Understand repayment history, income frequency and regular/irregular sources of income to create customised debt repayment plans.

04 Reduce likelihood of default

Highlight early signs of potential hardship based on changes in a customer’s financial position. Take proactive steps and create customer experiences to help prevent the likelihood of default.

Learn more about the benefits for collections providers

View guide

Products used by collection providers

slide 1 of 2
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

See how partners are using Basiq

Leveraging Open Banking throughout the credit lifecycle

“Only recently have we started to see the use of alternative data sets in credit performance. The benefits are clear but there’s been little in the market that reflects how powerful financial data can be. We are extremely excited with this partnership as it allows us to execute on these benefits and leverage transactional data insights to improve every aspect of the credit lifecycle for borrowers and lenders.”

Dion Nathanielsz, CEO
Read more

Why partner with us

slide 1 of 6
Knowledge & Expertise

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

Ready to get started with Basiq?

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