How does CDR income verification compare to payslip collection?

CDR income data is sourced directly from the bank, making it tamper-proof and typically more comprehensive than payslips. It captures all income streams including irregular deposits that payslips miss, and saves brokers approximately 40 minutes per application.

What is driving the 7x growth in CDR mortgage consents?

Lender acceptance of CDR data, borrower willingness to share banking data for faster approvals, and the efficiency gains for brokers are all contributing. Monthly CDR mortgage consents now exceed 6,200 and continue to accelerate.

Can this handle borrowers with multiple income sources?

Yes, the API aggregates income across all connected accounts and categorises each stream separately — salary, rental, government benefits, business income, and investment returns — providing a complete picture for serviceability.

Do lenders accept CDR-sourced income evidence?

Increasingly yes. Major Australian lenders are building CDR data into their assessment workflows, and the tamper-proof nature of CDR data often receives preferential treatment over manually submitted documents.

How long does the borrower consent process take?

The CDR consent flow typically takes under 2 minutes. The borrower clicks a link, authenticates with their bank, selects accounts to share, and confirms. No document uploads or manual data entry required.

Banking API — Mortgage Brokers

Verified Income for Home Loan Applications via CDR

Deliver tamper-proof, bank-verified income data for mortgage applications. Fiskil's CDR-connected API saves brokers 40 minutes per application and supports the 7x YoY growth in mortgage consent volumes.

CDR mortgage consents have grown 7x year-on-year, reaching over 6,200 per month. Mortgage brokers who adopt bank-verified income data gain a decisive edge: faster turnarounds, fewer rework cycles, and tamper-proof evidence that satisfies lender requirements. Fiskil connects brokers directly to borrower bank accounts through the Consumer Data Right, replacing payslips and manual bank statement reviews with real-time verified income.

The Challenge

Mortgage brokers spend disproportionate time collecting, reviewing, and chasing income documents that lenders frequently reject or query.

The Solution

Fiskil retrieves transaction data directly from the borrower's bank via CDR consent, automatically identifying and verifying all income streams with tamper-proof provenance.

Capabilities

How Fiskil Helps

Tamper-Proof Income Evidence

Income data sourced directly from the bank through CDR cannot be altered or forged, giving lenders confidence in the evidence provided.

Multi-Stream Income Detection

Automatically identify salary, overtime, bonuses, rental income, government payments, and side-income from transaction patterns across all connected accounts.

Income Stability Scoring

Calculate income regularity, growth trends, and stability metrics over 3-12 months to support lender serviceability models.

Lender-Ready Reporting

Generate structured income summaries that align with major lender requirements, reducing back-and-forth during assessment.

Implementation

How It Works

Initiate CDR Consent

During fact-find, send the borrower a consent link. They authenticate with their bank and authorise data sharing in under 2 minutes.

Retrieve Transaction History

Fiskil pulls 3-12 months of transaction data from all authorised accounts, covering salary accounts, offset accounts, and secondary income sources.

Generate Income Analysis

The API automatically categorises income transactions, calculates averages, identifies patterns, and produces a structured income summary.

Submit with Loan Application

Attach the verified income report to your loan submission. The tamper-proof CDR provenance reduces lender queries and accelerates assessment.

In Practice

How Teams Use This

National Broker Aggregator

A top-10 Australian broker aggregator integrated CDR income verification across its network of 2,500 brokers to standardise income evidence.

Average application preparation time dropped from 55 minutes to 15 minutes, and lender income-related rework requests fell by 62%.

Specialist Self-Employed Broker

A broker specialising in self-employed borrowers used CDR transaction data to demonstrate income stability where traditional BAS and tax returns showed inconsistencies.

Approval rate for self-employed applications increased from 58% to 79% with bank-verified income supplementing tax documentation.

Digital Mortgage Platform

An online mortgage broker embedded CDR consent into their digital application flow, enabling borrowers to verify income without uploading any documents.

Application abandonment dropped by 34% and time-to-submission reduced from 4 days to same-day for 71% of applications.

Technical Details

What You Integrate With

API endpoints

GET /v1/accounts
GET /v1/accounts/{accountId}/transactions
POST /v1/income/verify
GET /v1/income/summary

Data returned

Verified income sources

Average monthly income

Income stability score

Employer identification

Payment frequency analysis

Authorisation

OAuth 2.0 / CDR consent

Real-time data access.

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FAQs

Related Use Cases

Lending

Income Verification

Verify applicant income instantly using real bank transaction data. Fiskil's income verification API reduces loan processing time and improves accuracy.

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Mortgage Brokers

Expense Analysis

Replace HEM benchmarks with real expense data from CDR bank transactions. Fiskil categorises borrower spending into discretionary and non-discretionary expenses, identifies recurring commitments, and produces lender-ready serviceability evidence.

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Mortgage Brokers

Loan Pre-Approval

Deliver same-day mortgage pre-approvals by combining CDR-verified income, expense analysis, and commitment detection into a complete financial picture. Reduce document requirements and accelerate borrower readiness.

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