Banking API — Consumer Finance
Real-Time Payment Capability Assessment API
Verify customers can afford installment payments in real-time. Reduce payment failures and defaults by assessing true payment capability from banking data.
The Challenge
Customers default on payment plans because affordability wasn't properly assessed upfront.
The Solution
Analyze actual cash flow and existing commitments to determine realistic payment capability.
Capabilities
How Fiskil Helps
Cash Flow Analysis
Analyze income and expenses to calculate available cash flow for payments.
Commitment Detection
Identify existing loans, BNPL, rent, and other payment obligations.
Payment Schedule Modeling
Model whether specific payment schedule fits within cash flow.
First Payment Verification
Verify sufficient funds for first payment before approval.
Implementation
How It Works
Customer Applies
Customer applies for credit or payment plan and connects banking.
Analyze Cash Flow
API analyzes 3-6 months of transactions to calculate disposable income.
Model Payment Schedule
System determines if proposed payment schedule is affordable.
Approve or Adjust
Approve affordable plans or suggest adjusted terms that fit cash flow.
Ready to get started?
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FAQs
Related Use Cases
Fintech
Balance Checking
Verify account balances in real-time before processing transactions. Prevent failed payments and NSF fees with instant balance checks across Australian banks.
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
Instant BNPL Approval
Approve BNPL purchases instantly using real-time banking data. Verify affordability and reduce defaults with instant income and cash flow verification.
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