Build a complete picture of a borrower
Empower your credit assessments with open banking - Faster, more accurate decisions and streamlined repayments
The Problem
Traditional lending methods rely on outdated information and can be time-consuming and complex. Without access to real-time financial data, lenders are often unable to make accurate and informed decisions about a borrower's creditworthiness. This can lead to higher rates of default and missed opportunities for borrowers to access the credit they need.
The Solution
Open Banking provides lenders with real-time access to a borrower's financial data, enabling them to make more informed decisions about creditworthiness. This can lead to more accurate risk assessments and ultimately lower rates of default. It also helps to streamline the lending process, making it easier and faster for borrowers to access the credit they need. With our Banking APIs lenders can offer more personalized and tailored lending products and services, helping to ensure that borrowers get the best deal possible.
Build a complete picture of a borrower
Empower your credit assessments with open banking - Faster, more accurate decisions and streamlined repayments
Products and Benefits
Balances
Check your user’s overall balance in real time
Account verifications
Confirm a user’s identity instantly
Transactions
Understand a user's spending by seeing their transactions
Income
Verify your user’s income
How it works
1
Get Consent
We’ll ask the user if they agree to share their banking data. The user will then select the data they wish to share, and for how long it will be shared for.
2
Authentication
Upon consent the user will authenticate into any bank of their choice simply using a biometric scan or a phone number and verification code. No login credentials will be collected.
3
Fiskil collects information
Fiskil collects, cleans and aggregates the user’s information fetched from the bank. Even if your user collects from multiple banks, we will always standardise and make sense of the data.