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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.
With Basiq’s new Affordability API – we have taken the guesswork out of bank transaction data.
“A start-up backed by Westpac and National Australia Bank has developed software to read bank account data and automate the loan assessment process for banks, allowing them to base lending decisions on actual customer spending rather than relying on estimates and indexes.”
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!
Basiq’s categorisation engine uses multiple sources to categorise and enrich transaction banking data with multiple attributes. To provide industry standard categorisation of expense transactions we use Australia Bureau of Statistics (ABS).
Our powerful categorisation engine takes bank transactions which are typically noisy and difficult to categorise and return a result providing context and accuracy to the data. Use this to gain valuable insights into spending patterns and create better solutions for your customers.
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