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": 50000,
    "household_members": 1,
    "is_homeowner": false,
    "net_annual_income": 41004,
    "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": 50000,
    "household_members": 1,
    "is_homeowner": false,
    "net_annual_income": 41004,
    "zip": "35210"
  },
  "budget": {
    "mortgage_and_rent": 6000,
    "vehicle_purchase_and_lease": 3000,
    "savings": 2000
    "health_insurance": 0,
    "other_debt_payments": 0
  }
}
{
  "SPENDiD": "12.3",
  "LENDiNG": "5.2",
  "SAViNGS": "7.4"
}

SPENDiD Score

This calculation is made possible by the Account Holder's demographic profile, income, and any known fixed expense inputs which commonly include Mortgage/Rent, Vehicle Payments, and other Monthly Debt Service. Given this information, SPENDiD instantly calculates the Account Holder's relative ability vs their Peers to meet these specific input obligations, plus all other expected expenses based on their demographic profile, and still "BREAKEVEN" on a cash-flow basis during an average month. A SPENDiD Score of zero is considered "Average". The further the SPENDiD Score is below (or above) zero is an indicator of the relative stress (or ease) that the Account Holder is likely to experience in their effort to BREAKEVEN. This proprietary metric can be offered to the User as well as an additional guiding factor for the providing Financial Institution or lender in their evaluation of the Account Holder's relative cash flow strength, and to assist the FI toward the creation of a more personalized financial journey for this specific customer.

LENDiNG Score

The user's SPENDiD Score can be "contextualized" for easy use by a financial institution (FI) based on the relative $ amount of the discretionary cash excess or (shortfall) of that particular customer/account holder vs their peers. For example, a +9.1 SPENDiD Score for an account holder earning $58,000 does not offer the same potential profit adding value to the FI as someone with a +9.1 SPENDiD Score earning $150,000, so a different way of ranking these two account holders by the FI is required. The result is a LENDiNG Score which represents the apparent relative monthly excess or (shortfall) in dollars of the user's discretionary or “non-fixed” cash vs their peers. This relative value (or risk) of each account makes prioritization of targeted marketing outreach or risk assessment much simpler and more profitably focused for the FI. Knowing as many account holders’ LENDiNG Scores in simple dollar terms means a SPENDiD partner can better target the right products and services to the right customers.

SAViNGS Score

Intended as a potential metric for use by the Account Holder or their financial advisor, this calculation uses the same inputs detailed in the SPENDiD Score but goes a step further by including the user's targeted periodic savings amount. SAViNGS Score treats the user's savings goal as an important FIXED expense. Given this more comprehensive and personalized data, SPENDiD returns a validated, fully categorized budget that achieves the user's periodic savings goal, plus an instant calculation of the SAViNGS Score. Again, the further the SAViNGS Score is below (or above) zero is an indicator of the relative difficulty (or ease) that the Account Holder is likely to experience in their ability to achieve their periodic savings goal.

Updated 10 days ago

Financial Scoring


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