Product News MFA Support is here for Basiq connectors As banks lean toward MFA as a requirement for login, we have enhanced our Connect API to support MFA. Allowing your customers to have peace of mind when securely sharing their data.
Product News Basiq's new and improved expense categorisation model We've retrained our powerful expense categorisation engine to provide +90% coverage and accuracy across merchants in Australia and New Zealand.
Product News Instantly understand customer spending with Basiq Enrich To help you accelerate new features with real-time enrichment, detailed classification, accurate merchant location and the latest merchant information, we've added the ability to return enriched transaction data via one endpoint.
Product News Error messages to uplift customer conversion We've added detailed messages for invalid-credentials that you can pass straight onto your customers to guide them into a successful onboarding.
Product News Helping customers repay External Liabilities uncovers loans with buy-now-pay-laters and other alternative lenders so you can help customers manage debt and make repayments.
Product News New feature - Merchant logos To make spending instantly recognisable, we've added +500 merchant logos to the Basiq Enrich API.
Product News New Feature - Application Management You can now create and manage multiple applications in the Basiq Dashboard.
Product News New feature - Connector Status in Dashboard You can now see the status of each Basiq financial institution open banking connector in real-time
Product News Basiq + Finch In partnership with FinchXP, Basiq is now able to offer customers advanced Data Enrichment through a new “Basiq x FinchXP API” Service.
Product News Filter out accounts for more accurate insights Basiq now allows you to exclude irrelevant accounts for more accurate insights on a customer’s assets, liabilities, expenses and income.
Product News Latest enhancements to our merchant categorisation models How Basiq's bank data APIs offer market-leading account aggregation and transaction data enrichment.
Product News Basiq’s CDR Prototype: Basiq Consent What will data sharing look like for consumers under the CDR?
Product News Upload your own bank data for credit decisions How you can upload customer data to Basiq to automate credit decisioning.
Product News Make lending decisions more quickly with Basiq's income calculation Recent updates to ASIC’s guidelines around responsible lending highlight the importance of income verification. Basiq's Affordability report leverages actual bank transaction data to help lenders accurately verify income.
Product News Announcing customer self-service via 'Basiq Connect' Introducing 'Basiq Connect' - a customer portal which allows applicants to securely connect to their bank so lenders can generate an affordability report - no development required.
Product News Announcing Bank Statements Upload Dashboard Basiq’s Bank Statement Upload feature is now ready for use. Lenders can upload bank statements on a customer's behalf to generate a report on their financial position in two seconds.
Product News Specify your own living expense categories with Basiq’s Affordability Report Lenders have different requirements when it comes to living expense categories. Basiq categorisation provides a granular level of detail from up to 700 categories with 95% accuracy. This means we can provide custom categorisation for a wide range of uses cases and data standards.
Product News Basiq Affordability ... with a makeover! The Basiq Affordability report has undergone a makeover! Our upgraded report makes it even easier for assessors to gain a full view of an applicant’s financial position at a glance.
Product News Basiq Affordability for New Zealand - Coming Soon! We are excited to announce that Basiq Affordability for New Zealand is coming soon. This will allow lenders to make faster and better home loan decisions based on real bank transaction data from New Zealand.
Product News How much can your customers afford to spend? With Basiq's new Affordability API - we have taken the guesswork out of bank transaction data.
Product News Introducing Basiq's Enrich API We are proud to announce the release of our new Enrich API service - that makes encrypted, confusing and nonsense transactions a thing of the past!
Product News Negotiate better rates: use mortgage account details to help your customers We have added the ability to return more details about mortgages. Identify details interest rate your customer is paying, fixed rate or variable, interest only or principal, payment frequency and much more.
