Basiq is an open banking platform backed by NAB Ventures, Salesforce Ventures and Westpac’s Reinventure.

Basiq provide a range of services that make it easier to access and draw insights from banking data. Their machine learning algorithms and market-leading expense categorisation capabilities make it possible to accurately determine an individuals income and expenses. This can be combined to produce a single consolidated report that details an individual’s full financial picture, across financial institutions and accounts.