Banking API — Personal Finance
Automated Budget Tracking API for Finance Apps
Track spending against budgets automatically using real banking transactions. Help users manage their money with intelligent budget tracking and alerts.
Budgeting fails when it requires manual effort. Fiskil enables automated budget tracking by categorizing transactions and comparing spending against budget limits in real-time.
The Challenge
Users start budgeting with good intentions but abandon it due to the manual effort required.
The Solution
Automatically track spending against budgets by categorizing real bank transactions and alerting users before they overspend.
Capabilities
How Fiskil Helps
Automatic Transaction Categorization
Every transaction is automatically categorized and counted against relevant budget categories.
Multi-Account Budget Tracking
Track spending across all connected accounts for comprehensive budget monitoring.
Real-Time Budget Status
See current spending vs budget limits in real-time as transactions occur.
Budget Alerts
Alert users when approaching or exceeding budget limits to prevent overspending.
Implementation
How It Works
Connect Bank Accounts
User authorizes access to bank accounts for transaction monitoring.
Set Budget Limits
User sets monthly budget limits for categories (groceries, dining, transport, etc.).
Track Spending Automatically
API categorizes transactions and tracks spending against budgets in real-time.
Send Budget Alerts
Alert users when they reach 80%, 100%, or exceed budget limits.
In Practice
How Teams Use This
Personal Finance App
A budgeting app uses automatic tracking to help users stick to spending plans.
Users save average of $450/month with automated budget alerts preventing overspending.
Banking App Feature
A neobank adds budget tracking to help customers manage discretionary spending.
Feature adoption rate of 65% with 80% still actively using after 6 months.
Family Finance Platform
A family budgeting tool tracks household spending across multiple accounts.
Families reduce unnecessary spending by 30% with visibility into combined expenses.
Technical Details
What You Integrate With
API endpoints
POST /budgets/createGET /budgets/{budgetId}/statusGET /accounts/{accountId}/spending-summaryPOST /budgets/{budgetId}/track-transaction
Data returned
Budget limits by category
Current spending by category
Remaining budget
Budget status (on track/over budget)
Spending trends
Category breakdowns
Authorisation
OAuth 2.0 / CDR consent
Real-time data access.
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FAQs
Related Use Cases
Fintech
Transaction Categorization
Automatically categorize bank transactions into spending categories with Fiskil's intelligent categorization engine. Turn raw transaction data into actionable insights.
Personal Finance
Spending Insights
Provide personalized spending insights using AI-powered transaction analysis. Help users understand spending patterns, identify savings opportunities, and make better financial decisions.
Personal Finance
Savings Goals
Help users achieve savings goals with intelligent tracking and recommendations. Monitor progress, optimise contributions, and celebrate milestones automatically.
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