You are being asked to connect the most sensitive information your business has. Here is exactly who holds it, what Kapio can and cannot do with it, and how you take it back whenever you want.
If you read nothing else on this page, read these.
Access is read only. Kapio can see your accounts in order to explain them, and has no ability to move money, make a payment, or change anything at all in your banking.
You choose which accounts to connect, one at a time. Consent is yours to withdraw whenever you want, and sharing stops the moment you do.
Your business credit score is retrieved with a soft enquiry once a quarter. It does not affect your score, it is not treated as an application, and it costs nothing.
The Consumer Data Right is the Australian Government framework that lets you share your own banking data with a business you choose. Here is the whole journey, and where you stay in control of it.
You decide to connect an account, and which one. Nothing happens until you do.
You approve the share inside your own bank. Your password is never given to anyone else.
Data is carried by illion Open Data Solutions, an Accredited Data Recipient under the CDR.
About illion Open BankingKapio turns it into plain answers about your business. Read only, the whole way through.
Both of these are worth five minutes if you want to understand what you are agreeing to, independently of us.
Bank data is accessed through illion Open Data Solutions, an Accredited Data Recipient under the Consumer Data Right.
No. Access is read only. Kapio can read and explain your accounts, and has no ability to move funds.
No. Consent is granted through the open banking process with your own bank, so your credentials are never shared.
No. Kapio uses a soft enquiry, which does not affect your credit score and is not treated as an application.
You can withdraw your consent at any time, and sharing stops.
Connect your business in a couple of minutes and see where you actually stand. Free to get started, and nothing touches your credit file.