Banking API — Lending
Automated Income Verification for Faster Loan Approvals
Verify applicant income instantly using real bank transaction data. Fiskil's income verification API reduces loan processing time and improves accuracy.
Manual income verification using payslips and tax returns is slow and prone to fraud. Fiskil enables instant, automated income verification by analyzing real bank transactions, accelerating loan approvals while reducing risk.
The Challenge
Traditional income verification relies on documents that can be forged, are time-consuming to review, and delay loan decisions.
The Solution
Fiskil analyzes real bank transactions to automatically identify and verify income sources, providing instant results.
Capabilities
How Fiskil Helps
Income Detection
Automatically identify salary deposits, government benefits, rental income, business income, and other income sources from transaction data.
Income Calculation
Calculate average monthly income, income stability, and income trends over time.
Employment Verification
Verify employer name, payment frequency, and employment duration from transaction patterns.
Multiple Income Streams
Detect and aggregate income from multiple sources including full-time work, part-time jobs, and freelance income.
Implementation
How It Works
Request Bank Access
During loan application, prompt the applicant to connect their bank account through Fiskil's consent flow.
Fetch Transaction Data
Retrieve 3-12 months of transaction history to analyze income patterns.
Analyze Income
Use Fiskil's income analysis API to automatically detect income sources, calculate averages, and assess stability.
Make Lending Decision
Use verified income data to instantly approve or decline loans, or adjust loan amounts based on actual income.
In Practice
How Teams Use This
Online Lender
A digital lender uses automated income verification to approve personal loans in minutes instead of days.
Loan approval time reduced from 5 days to 10 minutes, increasing conversion rates by 45%.
Buy Now Pay Later Provider
A BNPL provider verifies income at checkout to determine spending limits instantly.
Real-time income verification enabled instant credit decisions, improving approval rates by 30%.
Mortgage Broker
A mortgage broker uses income verification to pre-qualify borrowers before submitting applications to banks.
Reduced application rejections by 60% through accurate pre-qualification.
Technical Details
What You Integrate With
API endpoints
GET /accounts/{accountId}/income-analysisGET /accounts/{accountId}/transactions?category=incomePOST /income-verification
Data returned
Income sources
Average monthly income
Income stability score
Employer name
Payment frequency
Income trends
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
Account Aggregation
Enable users to connect and view all their bank accounts in one place. Fiskil's account aggregation API provides real-time access to accounts, balances, and transactions from 200+ banks, lenders and energy providers across Australia and New Zealand.
Lending
Credit Assessment
Assess creditworthiness using real banking behavior. Make better lending decisions with cash flow analysis, spending patterns, and financial behavior insights.
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.
Get started today
Talk to us about what you're building and we'll show you how we can help.
