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.
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.
Ready to get started?
Get your API keys today and start building with Fiskil's Banking API.
FAQs
Related Use Cases
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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 100+ Australian banks.
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.
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