Banking API — Neobanks
Seamless Bank Account Switching Service
Help customers switch banks effortlessly. Automatically identify direct debits, recurring payments, and transfer instructions for seamless account migration.
Switching bank accounts is painful, preventing customers from moving to better banking options. Fiskil automates the switching process by identifying all recurring payments and generating transfer instructions.
The Challenge
Customers stick with unsuitable banks because switching is too complex and time-consuming.
The Solution
Automatically identify all direct debits, recurring payments, and payees that need updating when switching accounts.
Capabilities
How Fiskil Helps
Direct Debit Identification
Automatically identify all active direct debits from transaction history.
Recurring Payment Detection
Detect all recurring payments including subscriptions and bills.
Payee Transfer Instructions
Generate instructions for updating payment details with each payee.
Switching Checklist
Provide complete checklist of all accounts and payments to update.
Implementation
How It Works
Connect Old Account
Customer connects their current bank account they want to switch from.
Analyze Transactions
API analyzes 6-12 months of transactions to identify recurring payments and direct debits.
Generate Switching Guide
System creates personalized switching checklist with all payees and payment methods to update.
Track Progress
Customer checks off items as they update, with reminders for incomplete actions.
In Practice
How Teams Use This
Neobank Onboarding
A neobank offers switching service to attract customers from traditional banks.
65% of new customers use switching service, increasing retention by 40%.
Digital Bank Migration
A digital bank helps business customers switch accounts seamlessly.
Business account switching time reduced from 6 weeks to 2 weeks.
Banking Comparison Site
A comparison site offers switching service to customers who find better deals.
Switching completion rate of 78% vs 35% without automated assistance.
Technical Details
What You Integrate With
API endpoints
POST /account-switching/analyzeGET /accounts/{accountId}/recurring-paymentsGET /account-switching/checklistPOST /account-switching/track-progress
Data returned
Direct debits
Recurring payments
Payee information
Payment frequencies
Payment amounts
Switching checklist
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.
Fintech
Transaction Categorization
Automatically categorize bank transactions into spending categories with Fiskil's intelligent categorization engine. Turn raw transaction data into actionable insights.
Neobanks
Instant Onboarding
Onboard customers instantly using banking data verification. Verify identity, income, and account ownership in seconds instead of days.
Get started today
Talk to us about what you're building and we'll show you how we can help.
