Proviso

What Proviso does

Experian Australia Pty Ltd operates the Open Data Solutions platform, an API-first offering that combines the Look Who's Charging transaction enrichment APIs with the PowerCurve decisioning platform to serve banks, lenders, and other financial institutions across Australia and the broader Asia-Pacific region. The platform's core capability is real-time transaction enrichment and merchant identification — consumers see clear merchant names and personal financial management insights on bank statements and in-app banking, while lenders use the same data layer for automated affordability assessments and credit risk decisioning. Underlying technology processes over 7 billion transactions per month at a stated match rate above 98% and a response time below 0.3 seconds, with data ingestion supported through Open Banking APIs, PDF statement OCR, and Digital Data Capture.

The business is organised around four solution modules — Digital Banking Customer Experience, Merchant Insights, Transaction Data in Lending, and Credit Management — each of which can be deployed independently or combined. Customers named publicly include National Australia Bank, Westpac, Latitude Financial Services, Humm Group, and Data Action. Revenue is generated through subscription/recurring API-based contracts with financial institutions; specific pricing is not publicly disclosed. Distribution is API-first via a Developer Portal for self-service onboarding, alongside direct enterprise sales into major banks and financial institutions. The unit sits within Experian plc (LSE: EXPN) and includes the integrated illion (formerly independent) digital identity and data solutions business as a wholly-owned subsidiary.

Name

Proviso

Legal name

Experian Australia Pty Ltd

Website

https://proviso.com.au

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Experian Australia's Open Data Solutions platform provides API-driven transaction enrichment, merchant identification, and affordability assessment for financial institutions including major Australian banks, processing over 7 billion transactions monthly.

Ownership category

akta.pro rank

Product category

Open Banking Data Analytics

NAICS

Software Publishers (513210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)

Keywords

• Transaction enrichment APIs
• Merchant identification services
• Credit decisioning software
• Open banking solutions
• Affordability assessment tools

Headquarters

HQ city

Adelaide

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Data and Analytics Services: Providing transaction enrichment, merchant insights, and affordability assessment services to financial institutions through API-based delivery.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Proviso provides automated bank statement retrieval, analysis, and categorisation solutions through an API-driven platform. It enables financial institutions to enrich transactions with merchant details, perform automated affordability assessments, and deliver real-time insights on customer income and spending across the lending and digital banking lifecycle.

Product overview

Experian Open Data Solutions is a platform that brings together Experian Look Who's Charging APIs and Experian's PowerCurve decisioning platform to provide automation, insights and improved customer experience for digital banking and credit management. The platform consists of four main solution modules: Digital Banking Customer Experience (providing transaction enrichment and PFM features), Merchant Insights (for merchant identification), Transaction Data in Lending (for lending lifecycle decisions), and Credit Management (including affordability assessments). Supporting features include Transaction Enrichment, Affordability tools, and Data Access capabilities via multiple methods including Open Banking APIs. The platform processes over 7 billion transactions per month.

Differentiator

Problem solved

Functional benefit

Brands

• Look Who's Charging: Transaction enrichment API that enables customers to identify transactions on their bank statements, providing merchant details and personal financial management features.
• PowerCurve

Products and services

• Open Data Solutions

Quantifiable outcome

• 7 billion transactions processed per month
• +3 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature3 records

Partnerships

One partnership is on record.

• illioncoreOthersillion has been integrated into Experian, with users potentially redirected to Experian's platforms and services.

Scale indicators4 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Basiq: Basiq is an Australian Open Banking data aggregator and analytics provider serving lenders, fintechs and banks in Australia. Head-to-head competitor to Experian Open Data Solutions in the same Australian CDR and transaction-data market.
• Plaid: Plaid is a leading Open Banking connectivity and financial-data platform enabling bank-account linking, transaction categorisation and cash-flow underwriting for fintechs and lenders. Highly comparable to Experian Open Data Solutions' API-driven transaction enrichment and lending use cases.
• Finicity (Mastercard): Finicity, now part of Mastercard, delivers Open Banking connectivity, cash-flow underwriting and transaction data analytics. Competes directly with Experian Open Data Solutions on bank-account data access and lending lifecycle use cases.
• MX Technologies: MX provides financial-data aggregation, transaction enrichment and personal financial management tools to banks and fintechs. Direct functional overlap with Experian Open Data Solutions' Digital Banking CX and Merchant Insights modules, both targeting bank statement clarity and lending decisions.
• Yodlee (Envestnet): Yodlee offers bank-data aggregation, transaction categorisation and risk analytics APIs to financial institutions. Closely aligned with Experian Open Data Solutions in serving banks with data enrichment, lending decisioning and affordability assessment.
• Tink: Tink, owned by Visa, offers Open Banking APIs for account aggregation, transaction categorisation and lending insights. Direct analogue in delivering bank-data enrichment and affordability analytics to financial institutions.
• TrueLayer: TrueLayer is an Open Banking API platform used by merchants and lenders across the UK and Europe for bank-data access and payments. Comparable in API-first Open Banking infrastructure for credit decisioning and transaction enrichment.

Emerging players

• Credit Karma: Credit Karma uses aggregated transaction and balance data to power personal financial management and lending experiences for consumers. Partial overlap with Experian Open Data Solutions on transaction categorisation and PFM-style features.
• Akoya: Akoya provides secure Open Banking data access intermediation between banks and third parties, with categorisation and enrichment features. Comparable overlap with Experian Open Data Solutions on API-based transaction data delivery to lenders.

Broad incumbents

• Equifax: Equifax is a global credit bureau and analytics incumbent that also offers data-driven decisioning and Open Banking-style solutions. Competes with Experian Open Data Solutions at the broader credit-information and analytics layer.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/experian-asia-pacific

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Proviso