“Can a single open banking API layer become the standard financial data infrastructure for Australian fintech by abstracting CDR compliance and enriching raw bank data into actionable insights?”
Basiq launched as Australia's leading open banking API platform, providing developers with a single API to securely access consumer-consented financial data. The company became an Accredited Data Recipient under Australia's Consumer Data Right (CDR) framework, positioning itself as the infrastructure layer between banks and fintech builders. Over time it expanded from raw data aggregation into value-added analytics layers — including affordability reports, income verification, and business financial health — targeting lenders, wealth managers, and fintechs that need reliable, enriched financial data without building CDR compliance themselves.
Basiq connects to bank accounts through Plaid.
Basiq integrates with Rounded.
The Embedded Finance Index 2026 maps 3 layers in Basiq's stack: Lending (Consumer Affordability Report API and Business Affordability Report API); Open banking (Plaid); Accounting (Rounded).
Basiq is headquartered in Australia.
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