Banking API — BNPL
Real-Time Affordability Checks for BNPL Transactions
Meet new BNPL credit licence obligations with real-time affordability assessment at point of sale. Fiskil's API verifies borrower capacity using CDR bank data without disrupting the checkout experience.
The Challenge
BNPL providers must now perform genuine affordability assessments for every transaction while maintaining the instant approval experience consumers expect.
The Solution
Fiskil provides real-time affordability assessment by pre-analysing connected bank data and delivering instant pass/fail decisions at the point of sale.
Capabilities
How Fiskil Helps
Pre-Analysed Financial Profile
Customers connect their bank once during registration. Fiskil continuously analyses their financial position so affordability can be assessed instantly at checkout.
Real-Time Disposable Income Check
At the point of transaction, verify that the customer has sufficient disposable income to absorb the new instalment commitment alongside existing obligations.
Cumulative Exposure Tracking
Track the customer's total BNPL exposure across your platform and detect competing BNPL commitments from other providers visible in transaction data.
Regulatory-Grade Audit Trail
Generate a complete audit record of each affordability assessment, including the data considered, the decision logic, and the outcome — ready for ASIC review.
Implementation
How It Works
Bank Account Connection at Registration
New customers connect their primary bank account via CDR during BNPL registration. This one-time step takes under 2 minutes and enables all future affordability checks.
Continuous Financial Profiling
Fiskil maintains an up-to-date financial profile by periodically refreshing transaction data, so the customer's income, expenses, and commitments are always current.
Point-of-Sale Affordability Call
At checkout, your platform calls Fiskil's affordability endpoint with the transaction amount. The API returns an affordability decision in under 2 seconds.
Record and Report
Store the affordability assessment outcome and supporting data for regulatory compliance. Fiskil provides structured audit records for each decision.
Ready to get started?
Get your API keys today and start building with Fiskil's Banking API.
FAQs
Related Use Cases
Consumer Finance
Instant BNPL Approval
Approve BNPL purchases instantly using real-time banking data. Verify affordability and reduce defaults with instant income and cash flow verification.
BNPL
Credit Assessment
Go beyond credit bureau scores with CDR bank data analysis for BNPL credit decisions. Fiskil's API provides cash flow-based credit assessment that approves more good customers and catches more bad ones.
BNPL
Responsible Lending
Satisfy ASIC's "reasonable inquiries" and "not unsuitable" assessment requirements for the AUD $33.58B BNPL market. Fiskil provides the CDR data infrastructure for compliant responsible lending at BNPL scale.
Get started today
Talk to us about what you're building and we'll show you how we can help.
