Banking API — Consumer Finance
Instant Buy Now Pay Later Approval at Checkout
Approve BNPL purchases instantly using real-time banking data. Verify affordability and reduce defaults with instant income and cash flow verification.
BNPL success requires instant approval decisions at checkout. Fiskil enables real-time affordability assessment using banking data to approve customers quickly while managing risk.
The Challenge
Traditional credit checks take too long, causing cart abandonment and lost sales.
The Solution
Approve BNPL purchases in under 1 second using pre-connected banking data and real-time affordability checks.
Capabilities
How Fiskil Helps
Instant Affordability Check
Verify customer can afford installments from current cash flow in real-time.
Pre-Connected Accounts
Customers connect accounts once, enabling instant future approvals.
Real-Time Balance Verification
Check current balance to ensure first installment can be paid.
Spending Limit Calculation
Calculate appropriate spending limit based on income and expenses.
Implementation
How It Works
Customer Registers
Customer connects bank account during BNPL registration (one-time).
Set Spending Limit
API analyzes cash flow and sets appropriate spending limit.
Instant Checkout Approval
At checkout, purchase approved instantly if within limit and affordable.
Continuous Monitoring
Monitor cash flow changes and adjust limits accordingly.
In Practice
How Teams Use This
BNPL Provider
A BNPL service uses banking data for instant approval and lower defaults.
Approval time reduced to 0.8 seconds, conversion up 35%, default rate down 40%.
E-Commerce Platform
An online retailer offers BNPL with instant approval at checkout.
Average order value increased 45% with BNPL option, 89% approval rate.
Point-of-Sale BNPL
A retail POS system approves BNPL purchases instantly in-store.
In-store BNPL conversion rate of 92% with real-time approval.
Technical Details
What You Integrate With
API endpoints
POST /bnpl/calculate-limitPOST /bnpl/approve-purchaseGET /accounts/{accountId}/payment-capabilityGET /bnpl/installment-affordability
Data returned
Spending limit
Available balance
Installment affordability
Payment capability score
Fraud risk indicators
Cash flow analysis
Authorisation
OAuth 2.0 / CDR consent
Real-time data access.
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FAQs
Related Use Cases
Lending
Affordability Check
Calculate loan affordability using real cash flow data. Ensure responsible lending with automated affordability checks based on income, expenses, and existing commitments.
Consumer Finance
Payment Capability Verification
Verify customers can afford installment payments in real-time. Reduce payment failures and defaults by assessing true payment capability from banking data.
Consumer Finance
Credit Limit Calculation
Calculate appropriate credit limits using real financial behavior. Set responsible limits that maximize revenue while minimizing risk with cash flow analysis.
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