Provider profile · 2026 edition
Basiq review 2026: scores, pricing and alternatives.
An Australian open banking data platform, owned by Cuscal, that reads account data under the Consumer Data Right (Australia's open banking law).
WhatsApp and Telegram +44 7563 115980
[email protected]
An Australian open banking data platform, owned by Cuscal, that reads account data under the Consumer Data Right (Australia's open banking law).
Basiq scores 2.5 out of 5 (50 out of 100) in the Buckingham Intelligence Open Banking and Account-to-Account Payments Index 2026 and ranks 9 of 12. It is strongest for australian lenders and fintech apps using Consumer Data Right data, and its best criterion is integration at 4 out of 5. Not published or not stated on the pages read: security certifications, published pricing and integration.
Scores from the Open Banking and Account-to-Account Payments Index 2026.
No award in the Open Banking and Account-to-Account Payments Index 2026.
| Segment | Score out of 100 | Rank |
|---|---|---|
| For payment and e-money firms | 49 | 8 of 12 |
| For lenders and fintech apps | 48 | 9 of 12 |
| For merchants and platforms | 53 | 8 of 12 |
The score out of 5 is the overall score out of 100 divided by 20. Leader goes to the top three overall, Best for to the first in each segment, and Top rated for to a score of 5 out of 5 on a criterion. Awards cannot be bought.
Where it scores best, and where to check closely, as shown in each ranking.
Australian lenders and fintech apps using Consumer Data Right data.
What Basiq publishes on its own pages, read on 26 October 2026.
An Australian open banking data platform, owned by Cuscal, that reads account data under the Consumer Data Right (Australia's open banking law). It publishes per-user prices, 135+ connected institutions, a sandbox and its accreditation number. It serves Australia only, its platform access fee is not published, and payments and security certifications are not detailed on the pages read.
| Fact | What the provider publishes |
|---|---|
| Bank coverage | "Connect to 135+ banks and financial institutions in Australia"; data from banks, superannuation and energy providers. Australia only. |
| Product range | Customer data, data enrichment and affordability, income and expense reports; homepage refers to "the power of payments and data" with parent Cuscal. Bank payments, VRP and payouts not detailed on the pages read. |
| Pricing | Customer data "$0.50 per user / month" "+ Platform access fee"; data enrichment "$0.25 per user / month"; affordability report "from $3.00 per report"; startup programme "$250/month for up to 6 months" (reduced rate). |
| Regulatory standing | "Basiq Pty Ltd is an accredited data recipient under the Consumer Data Right (accr. # ADRBNK000208)". |
| Integration | "Our intuitive sandbox allows you to test your apps before going live"; API with code samples; dashboard with a no-code report option; "Get started" sign-up. |
| Security certifications | Data security page describes "bank grade security" and encryption; no certification named. |
| Date read | 26 October 2026 |
A fact that is not published is scored as not offered or, for a fee, as if it were high. It is never estimated.
Facts read on 26 October 2026 from: basiq.io, basiq.io/pricing, basiq.io/data-security.html.
Each score with the evidence behind it.
Each criterion is scored 0 to 5 against the best published offer in the Open Banking and Account-to-Account Payments Index. 0 means not offered or not published. How it is scored
The other providers in the same ranking, ordered by score.
| Provider | Score out of 5 | Rank | Strongest for |
|---|---|---|---|
| Plaid | 3.9 | 1 of 12 | Fintechs and lenders needing wide bank coverage with UK and EU licences |
| Tink | 3.8 | 2 of 12 | Banks, lenders and payment firms across Europe wanting licences in three regions |
| Yapily | 3.5 | 3 of 12 | Payment firms and software platforms needing UK and EU coverage including business accounts |
| Trustly | 3.3 | 4 of 12 | Merchants in gaming, travel and subscriptions wanting pay by bank across Europe and the US |
| Salt Edge | 3.3 | 5 of 12 | Lenders and payment firms needing data from many countries |
| GoCardless | 3.0 | 6 of 12 | UK businesses collecting recurring payments by direct debit and pay by bank |
| Volt | 2.8 | 7 of 12 | Merchants and payment firms taking and returning instant bank payments in Europe, the UK and Australia |
| Finverse | 2.7 | 8 of 12 | Businesses in Hong Kong and Southeast Asia collecting recurring bank payments |
| TrueLayer | 2.1 | 10 of 12 | UK and European merchants wanting pay by bank, recurring payments and instant payouts |
| Token.io | 1.9 | 11 of 12 | Banks, acquirers and gateways adding pay by bank to their own offer |
| Brankas | 1.8 | 12 of 12 | Banks and fintechs in Southeast Asia building payment and data products |
Full Open Banking and Account-to-Account Payments Index ranking
Side by side on every criterion, fact and award.
Head-to-head comparisons cover pairs within the top five of each ranking. Basiq is compared with its alternatives in the table above.
Tell us what you need and where you operate.