Banking API — Payroll
Bank Transaction-Based Employment Verification Without Employer Contact
Confirm employment status using recurring bank transaction patterns instead of contacting employers. Fiskil's employment confirmation API identifies active employment through salary deposit regularity, employer name matching, and payment consistency.
The Challenge
Relying on employers to confirm employment creates bottlenecks, privacy concerns, and gaps for non-traditional workers.
The Solution
Fiskil analyses bank transaction patterns to confirm active employment. Recurring salary deposits from an identifiable source constitute verifiable proof of employment without requiring any employer interaction.
Capabilities
How Fiskil Helps
Active Employment Detection
Determine whether an individual is currently employed by identifying ongoing, regular salary deposits within the most recent pay periods. Gaps in deposits trigger flags for further review.
Employment Duration Estimation
Calculate approximate employment tenure by tracing recurring deposits from the same employer back through available transaction history, up to 12 months under CDR.
Employer Name Extraction
Parse and normalise employer names from transaction descriptions to provide a verified employer identity. Handles common abbreviations and payroll processor names.
Employment Continuity Scoring
Assess the regularity and consistency of salary deposits to produce an employment continuity score. Continuous, on-schedule payments score highest; irregular patterns are flagged.
Implementation
How It Works
Collect CDR Consent
The individual authorises access to their bank transaction data through Fiskil's CDR consent flow. Only transaction read scope is required.
Analyse Recent Transactions
Retrieve 3-6 months of transaction history and submit it to the employment detection endpoint. The API scans for recurring deposit patterns consistent with employment.
Review Employment Report
Receive a structured employment report including employer name, estimated start date, pay frequency, most recent deposit date, and continuity score.
Apply to Decision Logic
Feed the employment confirmation result into your downstream process — lending decisions, tenancy applications, background checks, or compliance assessments.
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FAQs
Related Use Cases
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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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Salary Verification
Detect and verify salary deposits automatically using transaction pattern recognition. Fiskil's salary verification API identifies employer payments, pay frequency, and deposit amounts with 95%+ accuracy for regular salary earners.
Payroll
Income Analysis
Analyse all income sources from bank transactions — salary, freelance, rental, government benefits, and investment returns. Fiskil's income analysis API provides a comprehensive income profile from up to 12 months of CDR transaction data.
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