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Salary Advance

Drive growth in Salary Advance services

Use financial data and insights to quickly onboard your customers and provide a frictionless customer experience. Undertake serviceability assessments, ensure successful deposit of funds, and easily set up repayments.

Financial position

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

Account verification

Verify account ownership and ensure funds are distributed to the right person and account

Pre-fund checks

Help eliminate dishonour fees by conducting pre-funds check before repayments are made

Discover benefits for
salary advance providers

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

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 NS

01 Serviceability insights

Conduct an affordability analysis to gain a detailed view of your customer’s financial position. Understand transactions from connected accounts across income, expenses, assets and liabilities to generate unique insights and optimise the onboarding process.

02 Speed up funds distribution

Seamlessly onboard users and ensure funds are distributed to the right owner by verifying bank account details such as Name, BSB and Account number.

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  • Name
  • BSB
  • Account Number
  • Date of opening

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 Provide engaging tools and insights

Utilise financial data and insights to develop engaging customer experiences. Provide tools to help your customers manage their money and be smarter with how they save and spend.

Learn more about the benefits for salary advance providers

View guide

Products used by salary advance 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.

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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 partners are using Basiq

Connecting your bank for pay on-demand

“The aggregation of financial data is an important step in Beforepay providing its Pay On Demand™ and personal financial services to consumers. Basiq allows us to simplify a complicated process of aggregating data in order for us to concentrate on our product and adding value to our users.”

Dean Mao, CTO
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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