Lending

Fast track your lending applications

Accelerate approval times, increase conversion rates and provide seamless customer experiences. Use the Basiq platform to perform account verifications to streamline onboarding, ease the deposit of funds and progress the lending cycle from origination to collections.

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Contact sales

Michael Scott

Male, 51 years

Regional Manager

Dunder Mifflin Inc.
Manly, NSW

Connected Institutions

Summary

$8,107 Avg. monthly credits
$7,537 Avg. monthly debits

Monthly Income $7,929
Monthly Expenses $5,911
Liabilities $1,228

Account verification

Verify customers and move them through the lending cycle in real-time

Discover benefits for lenders

The Basiq platform provides access to data and insights to optimise the lending experience, enabling you to focus on creating unique value for your customers

01 Speed up onboarding with Account verification

Seamlessly onboard users by enabling a secure connection to their bank account to verify Name, BSB and Account number and retrieve transaction data in real-time.

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Name
BSB
Account Number
Date of opening

02 Serviceability insights

Conduct a comprehensive affordability analysis to gain a detailed view of your customer’s financial standing. Understand transactions from connected accounts across income, expenses, assets and liabilities to generate unique insights and optimise credit decisioning processes.

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Summary

$8,107 Avg. monthly credits
$7,537 Avg. monthly debits

Connections

ING Mr David Baller, 15 Bendigo Drive, Cartwright NSW
Westpac Mr David Baller, 15 Bendigo Drive, Cartwright NSW

03 Smart data driven payments

Access to your customers’ financial data enables you to increase the chance of successful repayments by ensuring account details are captured, the right account is selected and there are sufficient funds available before a repayment is made.

04 Manage hardship

Understand changes in a customer’s financial position to proactively manage early signs of hardship. Be notified when regular income has not been received or if an account balance has dropped below a certain threshold.

Learn more about the benefits for lenders

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Products used by lenders

Data

Access financial data feeds from banks, super funds and other financial institutions with account information and detailed transaction history to gain a deeper understanding of your end users.

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See how customers are using Basiq

Accuracy with responsible lending

“Our staff now have visibility of actual expense information unique to an applicant. The associated automation creates more time for tailored, quality conversations with our customers, helping us to better understand their financial needs”

Rob Hale, Chief Digital Officer