Freedom251 › Bank Connectivity Software
Basiq
What Basiq is
Basiq provides a Consumer Data Right accredited API platform for businesses seeking customer-consented financial data and insights. Its data connections cover banking, superannuation, and energy information, including accounts, transactions, balances, and usage. Basiq says it supports 136 financial institutions across Australia and New Zealand, covering 99% of the population and all CDR data holders. Its insights include affordability, expenses, income, liabilities, and assets across connected accounts and institutions. Transactions can be enriched with merchant, location, and category details, and living expenses can be classified into more than 500 categories. Access methods include a web connector, Open Banking APIs, and statement uploads such as PDF and CSV. Businesses can configure the consent interface’s data scope, policies, branding, styling, and analytics. Basiq says it limits data retention to what is needed, uses encryption, and monitors access and behavioural threats. Basiq Pty Ltd identifies itself as an accredited data recipient under Australia’s Consumer Data Right. Its API sandbox is free for testing and limits sandbox connections to 500.
Who it suits
Basiq is intended for businesses building financial products in lending, payments, wealth, and digital finance. It may suit teams that need customer-consented banking, superannuation, or energy data through APIs or other listed connection methods.
What it does well
- Supports 136 financial institutions in Australia and New Zealand.
- Covers 99% of the population and all CDR data holders.
- Connects banking, superannuation, and energy data.
- Free API sandbox for testing.
- Consent UI supports configurable scope and branding.
What to know first
- Sandbox connections are limited to 500.
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| Custom pricing | Contact sales for pricing. · Pricing not listed publicly | On request |
As basiq.io lists them, read 9 Oct 2026. The maker's own page has the final word.
Verdict
Basiq provides several ways to access and interpret customer-consented financial data, with coverage across banking, superannuation, and energy. Businesses should note that public pricing is unavailable and the free sandbox has a connection limit.
Facts from Basiq's own pages
- Accreditation
- Basiq Pty Ltd identifies itself as an accredited data recipient under Australia's Consumer Data Right. · basiq.io, 9 Oct 2026
- Company ownership
- Basiq is a wholly owned subsidiary of Cuscal Limited. · basiq.io, 9 Oct 2026
- Consent UI
- Businesses can configure Basiq's consent UI with data scope, consent policies, branding, styling, and analytics. · basiq.io, 9 Oct 2026
- Coverage
- Basiq says it supports 136 financial institutions across Australia and New Zealand, covering 99% of the population and all CDR data holders. · basiq.io, 9 Oct 2026
- Data access
- Its data product connects to banking, superannuation, and energy data, including account details, transactions, balances, and usage information. · basiq.io, 9 Oct 2026
- Data enrichment
- Basiq can enrich transactions with merchant, location, and category details and categorise living expenses into more than 500 categories. · basiq.io, 9 Oct 2026
- Insights
- Its insights include affordability, expenses, income, liabilities, and assets across connected accounts and institutions. · basiq.io, 9 Oct 2026
- Integration methods
- Its documented access methods include a web connector, Open Banking APIs, and statement uploads in formats such as PDF and CSV. · api.basiq.io, 9 Oct 2026
- Sandbox
- Basiq's API documentation says its sandbox is free for testing and limits sandbox connections to 500. · api.basiq.io, 9 Oct 2026
- Security
- Basiq says data is retained only as long as needed, protected with encryption, and monitored for access and behavioural threats. · basiq.io, 9 Oct 2026
- What it does
- Basiq provides a Consumer Data Right accredited API platform for secure access to customer-consented financial data and insights. · api.basiq.io, 9 Oct 2026
- Who it serves
- Basiq describes its platform as building blocks for businesses creating financial products for lending, payments, wealth, and digital finance. · api.basiq.io, 9 Oct 2026
Where Basiq stands on Freedom251
- Bank Connectivity Software#25 of 71
- Unified APIs Software#11 of 22
- Financial Data APIs#20 of 28
- Financial Data Aggregation Platforms#10 of 13