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Lending

Fast track your lending applications

Accelerate approval times, increase conversion rates and provide seamless customer experiences. Use the Basiq platform to perform account verifications to streamline onboarding, ease the deposit of funds and progress the lending cycle from origination to collections.

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Michael Scott

Male, 51 years

Regional Manager

Dunder Mifflin Inc.
Manly, NSW

Connected Institutions
Summary

  • $8,107 Avg. monthly credits

  • $7,537 Avg. monthly debits

  • Monthly Income $7,929

  • Monthly Expenses $5,911

  • Liabilities $1,228

Account verification

Verify customers and move them through the lending cycle in real-time

Pre-fund checks

Help eliminate dishonour fees by conducting pre-fund checks before a payment is made

Hardship identification

Monitor changes in a customer’s financial situation to flag potential hardship

Discover benefits for lenders

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

01 Speed up onboarding with Account verification

Seamlessly onboard users by enabling a secure connection to their bank account to verify Name, BSB and Account number and retrieve transaction data in real-time.

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  • Name
  • BSB
  • Account Number
  • Date of opening

02 Serviceability insights

Conduct a comprehensive affordability analysis to gain a detailed view of your customer’s financial standing. Understand transactions from connected accounts across income, expenses, assets and liabilities to generate unique insights and optimise credit decisioning processes.

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Summary
  • $8,107 Avg. monthly credits
  • $7,537 Avg. monthly debits
Connections
  • ING Mr David Baller, 15 Bendigo Drive, Cartwright NSW
  • Westpac Mr David Baller, 15 Bendigo Drive, Cartwright NSW

03 Smart data driven payments

Access to your customers’ financial data enables you to increase the chance of successful repayments by ensuring account details are captured, the right account is selected and there are sufficient funds available before a repayment is made.

04 Manage hardship

Understand changes in a customer’s financial position to proactively manage early signs of hardship. Be notified when regular income has not been received or if an account balance has dropped below a certain threshold.

Learn more about the benefits for lenders

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Products used by lenders

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.

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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.

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See how customers are using Basiq

Accuracy with responsible lending

“Our staff now have visibility of actual expense information unique to an applicant. The associated automation creates more time for tailored, quality conversations with our customers, helping us to better understand their financial needs”

Rob Hale, Chief Digital Officer
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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

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