SPENDiD Developer Hub

Our API platform helps you build FinTech apps in radically less time and at lower cost. SPENDiD provides powerful, off-the-shelf functions to generate demographic models, personalized budgets, plus financial health and lending scores.

You'll find comprehensive guides and documentation here to help you start working with our services quickly, as well as support if you get stuck.

Please be sure to also visit our main site at https://www.spendid.io/

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Financial Scoring

The SPENDiD Financial Scoring service uses behavioral modeling to create several index values. Each index has a midpoint value of zero, meaning exactly equal to the estimated Peer Average.

We'll detail each score and use cases in the guide.

curl --request POST \
  --url https://api.spendid.io/v1.0/scores/generate \
  --header 'accept: application/json' \
  --header 'content-type: application/json' \
  --header 'x-api-key: your_api_key' \
  --data '
  {
    "demographics": {
    "age": 25,
    "gross_annual_income": 56376,
    "household_members": 1,
    "is_homeowner": false,
    "net_annual_income": 42000,
    "zip": "35210"
    },
    "budget": {
        "mortgage_and_rent": 6000,
        "vehicle_purchase_and_lease": 3000,
        "savings": 2000,
        "health_insurance": 0,
        "other_debt_payments": 0
    }
 }'
{
  "demographics": {
    "age": 25,
    "gross_annual_income": 56376,
    "household_members": 1,
    "is_homeowner": false,
    "net_annual_income": 42000,
    "zip": "35210"
  },
  "budget": {
    "mortgage_and_rent": 6000,
    "vehicle_purchase_and_lease": 3000,
    "savings": 2000
    "health_insurance": 0,
    "other_debt_payments": 0
  }
}
{
  "SPENDiD": "91.2",
  "SAViNGS": "7.4"
  "Predicted Saving Ability": "391"

}

SPENDiD Score

The User’s SPENDiD Score is a metric indicating their relative ability vs their Peers to meet their Fixed Expense obligations, plus all other expected expenses based on their Demographic profile, and still "BREAKEVEN" on a cash-flow basis during an average month. This is made possible by the User’s Demographic profile, Take-Home Income, and any known Fixed Expense inputs which commonly include categories such as Mortgage/Rent, Vehicle Payments, and Other Monthly Debt Payments, or legally required payments such as alimony, child support, tax estimates, etc... SPENDiD Scores are structured on a 0-100 and A through F grade scale that most everyone is familiar with. For example, a score of 99 (A+) indicates a lot less budget stress and higher likely savings ability than a score of 64 (D).

SAViNGS Score

The SAViNGS Score uses the same inputs detailed in the SPENDiD Score but goes a step further by including the User's specified periodic SAVINGS amount as a FIXED expense. The SAViNGS Score is an indicator of the relative stress (or ease) that the User is likely to experience in their effort to achieve their chosen periodic SAVINGS Goal.

Predicted Saving Ability (PSA)

SPENDiD can determine a User’s Predicted Saving Ability (PSA) based on their simple Demographic and known Fixed Expense inputs. A higher SPENDiD Score will result in a larger PSA, while a lower SPENDiD Score might even result in a negative PSA amount. This Predicted Saving Ability can serve as motivation and a benchmark for greater savings achievement and/or expense reduction.

Updated about a month ago

Financial Scoring


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