Basiq brings Open Banking to bear on consumer BNPL debt

Basiq, a NAB, Westpac, Salesforce and Plaid-backed open banking platform, is introdocuing a new feature for lenders to aggregate outstanding consumer loans, including buy now, pay later debt, to get more visibility into customer liabilities. Pitched as a means for banks and fintechs to help consumers manage and make repayments, Basiq's External Liabilities package surfaces loan data across Australia’s most popular buy now pay later platforms and alternative lenders.
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