Banking API — Personal Finance
Automated Debt Tracking and Payoff Planning API
Help users manage and eliminate debt with intelligent tracking and optimisation. Identify debt obligations, calculate payoff timelines, and recommend repayment strategies.
Debt management requires tracking multiple obligations with varying rates and terms. Fiskil automatically identifies debt payments, tracks balances, and recommends optimal payoff strategies.
The Challenge
Users struggle to track debt across credit cards, loans, and BNPL services, missing opportunities to optimise payoff.
The Solution
Automatically identify all debt obligations from transaction data and provide optimal payoff strategies.
Capabilities
How Fiskil Helps
Debt Detection
Automatically identify loan payments, credit card payments, BNPL installments, and other debt obligations.
Total Debt Calculation
Aggregate debt across all sources for complete debt visibility.
Payoff Timeline Forecasting
Calculate debt-free date based on current payment patterns.
Repayment Strategy Optimisation
Recommend avalanche or snowball payoff strategies to minimize interest and time to debt-free.
Implementation
How It Works
Connect Financial Accounts
User connects bank accounts, credit cards, and loan accounts.
Identify Debt Obligations
API analyzes transactions to identify recurring debt payments and estimate balances.
Calculate Payoff Scenarios
Generate payoff timelines and strategies based on available cash flow.
Track Progress
Monitor debt reduction progress and celebrate milestones as debts are paid off.
In Practice
How Teams Use This
Financial Wellness Platform
A wellness app uses debt tracking to help users create debt elimination plans.
Users pay off debt 40% faster with optimised repayment strategies.
Banking App Feature
A neobank adds debt management to help customers improve financial health.
Users reduce total debt by average of $8,400 in first year using the feature.
Credit Counseling Service
A counseling service uses debt tracking for automated debt management plans.
Reduced counselor time by 60% with automated debt analysis and strategy recommendations.
Technical Details
What You Integrate With
API endpoints
GET /accounts/{accountId}/debt-summaryPOST /debt-analysisGET /debt/payoff-strategiesPOST /debt/calculate-payoff-timeline
Data returned
Debt obligations list
Total debt amount
Monthly payment amounts
Estimated interest rates
Payoff timelines
Strategy recommendations
Authorisation
OAuth 2.0 / CDR consent
Real-time data access.
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FAQs
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