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.
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.
Ready to get started?
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FAQs
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