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.
Payment plans fail when customers can't afford installments. Fiskil assesses real payment capability by analyzing cash flow and existing commitments.
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.
In Practice
How Teams Use This
Furniture Retailer
A furniture chain offers payment plans with real affordability assessment.
First payment failure rate reduced from 22% to 6% with better capability assessment.
Dental Clinic
A dental practice offers treatment payment plans with verification.
Payment plan completion rate increased from 68% to 91%.
Solar Installer
A solar company verifies customers can afford system payment plans.
Default rate reduced from 14% to 3%, enabling more aggressive pricing.
Technical Details
What You Integrate With
API endpoints
POST /payment-capability/assessGET /accounts/{accountId}/disposable-incomePOST /payment-schedule/affordabilityGET /payment-capability/score
Data returned
Disposable income
Existing commitments
Payment capability score
Recommended payment schedule
Cash flow forecast
Risk indicators
Authorisation
OAuth 2.0 / CDR consent
Real-time data access.
Ready to get started?
Get your API keys today and start building with Fiskil's Banking API.
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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