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.
Since 10 June 2025, BNPL providers in Australia must hold an Australian credit licence and comply with responsible lending obligations. This means affordability checks are no longer optional — they are a legal requirement for every BNPL transaction. Fiskil enables BNPL providers to perform real-time affordability assessments at point of sale using CDR bank data, meeting regulatory obligations without destroying checkout conversion rates.
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.
In Practice
How Teams Use This
Major BNPL Platform
A leading Australian BNPL provider with 2 million active users implemented CDR affordability checks to comply with the new credit licence regime while maintaining checkout speed.
Achieved 99.4% of affordability decisions in under 1.8 seconds. Default rates dropped 31% in the first quarter, and the provider passed its first ASIC compliance review without findings.
Fashion E-Commerce BNPL Integration
A fashion retailer offering embedded BNPL at checkout needed to add affordability checks without increasing cart abandonment rates.
Checkout conversion rate held steady at 82% (down only 1.2% from pre-regulation levels) while meeting full credit licence affordability obligations.
In-Store BNPL Provider
A point-of-sale BNPL provider operating across 4,000 retail locations needed affordable checks that worked within the in-store payment terminal flow.
Real-time CDR affordability integrated into the terminal flow with average decision time of 1.4 seconds, maintaining the in-store customer experience.
Technical Details
What You Integrate With
API endpoints
GET /v1/accountsGET /v1/accounts/{accountId}/transactionsPOST /v1/affordability/assessGET /v1/commitments/recurring
Data returned
Disposable income
Existing BNPL commitments
Recurring obligations
Affordability decision
Audit trail record
Authorisation
OAuth 2.0 / CDR consent
Real-time data access.
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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.
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