# Basiq vs MX Platform API

> MX Platform scores 62.5 (B) to Basiq's 60.4 (C) for bank account data. Prices, MCP, x402, uptime and agent notes side by side.

- Canonical: https://www.anchorterminal.com/compare/basiq-vs-mx
- Markdown: https://www.anchorterminal.com/compare/basiq-vs-mx.md (~2,550 tokens)
- Slim: https://www.anchorterminal.com/compare/basiq-vs-mx.min.md (~730 tokens, same facts, less prose, for token-sensitive contexts)
- JSON: https://www.anchorterminal.com/compare/basiq-vs-mx.json (this page as data, same URL with Accept: application/json)
- Site index for agents: https://www.anchorterminal.com/llms.txt (full text: https://www.anchorterminal.com/llms-full.txt)
- API: https://www.anchorterminal.com/api/v1/index.json
- Updated: 2026-10-09

MX Platform API scores 62.5 (B) on agent readiness against Basiq's 60.4 (C), and leads in 4 of 7 scored categories. Basiq leads on reliability, payments & pricing and transparency & trust. Both do bank account data.

- Basiq: grade C, 60.4/100, rank #515 of 950. Markdown https://www.anchorterminal.com/tools/basiq.md · JSON https://www.anchorterminal.com/api/v1/tools/basiq.json
- MX Platform API: grade B, 62.5/100, rank #430 of 950. Markdown https://www.anchorterminal.com/tools/mx.md · JSON https://www.anchorterminal.com/api/v1/tools/mx.json
- Best open banking and bank data APIs for AI agents: https://www.anchorterminal.com/best/banking-data/index.md
- All 105 bank data comparisons: https://www.anchorterminal.com/compare/banking-data/index.md

## Which one, for what

### Basiq (C)

Good for: Consented bank data for Australia and New Zealand, with income and affordability reports for lenders.

Ahead on:
- Reliability, 70 against 63
- Payments & pricing, 20 against 15
- Transparency & trust, 72 against 63

Watch for: Live data needs a plan with a 12-month minimum and a platform access fee whose amount is not published

### MX Platform API (B)

Good for: A US or Canadian bank, credit union or fintech with a signed MX contract that wants aggregation, verification and categorised transactions plus embeddable finance widgets.

Ahead on:
- Agent ergonomics, 74 against 62
- Security & auth, 60 against 55
- Maintenance & community, 71 against 48

Watch for: No public price, SLA or client agreement. Production keys are requested from MX in the Client Dashboard


## Score by category

| Category | Weight | Basiq | MX Platform API | Edge |
| --- | --- | --- | --- | --- |
| Reliability | 16% (20 this run) | 70 | 63 | Basiq +7 |
| Performance | 10%, pending | pending | pending | not scored in this run |
| Schema & documentation | 13% (16.2 this run) | 84 | 85 | MX Platform API +1 |
| Agent ergonomics | 13% (16.2 this run) | 62 | 74 | MX Platform API +12 |
| Security & auth | 14% (17.5 this run) | 55 | 60 | MX Platform API +5 |
| Payments & pricing | 10% (12.5 this run) | 20 | 15 | Basiq +5 |
| Task success | 10%, pending | pending | pending | not scored in this run |
| Maintenance & community | 7% (8.8 this run) | 48 | 71 | MX Platform API +23 |
| Transparency & trust | 7% (8.8 this run) | 72 | 63 | Basiq +9 |
| Negative events | ≤15 | 0 | 0 | |
| **Total** | | **60.4 · C** | **62.5 · B** | |

## Facts side by side

| Fact | Basiq | MX Platform API |
| --- | --- | --- |
| Kind | HTTP API | HTTP API |
| Vendor | Basiq Pty Ltd (Cuscal Limited) | MX Technologies, Inc. |
| Hosted endpoint | `https://au-api.basiq.io` | `https://api.mx.com` |
| Transports | HTTP, Streamable HTTP | HTTP |
| Auth | API key | API key |
| Pricing | Paid | Paid |
| x402 | no | no |
| Licence | Proprietary service under the Basiq Terms of Service. The public docs repository carries no licence file, and the OpenAPI files state the licence as Commercial | Proprietary service. The SDKs and the OpenAPI files on GitHub are MIT |
| Read-only variant documented | no | no |
| llms.txt | yes | yes |
| Last release | 2026-09-30 | 2026-09-29 |
| Terms last updated | no date given | no document linked |
| Privacy policy last updated | no date given | no document linked |
| Customer content may train models | not found in the text |  |
| Terms restrict automated access | not found in the text |  |
| Terms restrict benchmarking | yes |  |
| Terms or service can change without notice | not found in the text |  |
| Arbitration or class-action waiver | not found in the text |  |
| Popularity | none | 9 stars, 2.6k npm/wk, 2k PyPI/wk |

## Verdicts

**Basiq.** Ten public OpenAPI files, an llms.txt index with Markdown twins and a free self-serve sandbox let an agent start on test data. Live access needs a 12-month plan with an unpublished platform access fee, no SLA or security.txt was found, and the privacy policy says collected content may be kept indefinitely.

**MX Platform API.** Three public OpenAPI files, llms.txt, Markdown docs and a written version policy with 18 months of support and `Deprecation` and `Sunset` response headers. No price, client agreement or SLA is published, production keys need MX's approval, every calling IP address must be allowlisted, and the status page records three platform-wide error incidents since 10 July 2026.

## Before you call either

### Basiq

1. Send the API key verbatim after `Basic` in the `Authorization` header of `POST /token`. Base64-encoding it returns a 400.
2. Send `basiq-version: 3.0` on the token request, cache the bearer token for its 60 minutes, and stay under 1,500 token requests per 5 minutes.
3. Send the account holder through the hosted Consent UI in a browser with a `CLIENT_ACCESS` token bound to their `userId`. The API alone cannot create a first connection on version 3.0.
4. Poll `GET /jobs/{jobId}` until `verify-credentials`, `retrieve-accounts` and `retrieve-transactions` all read `success` before reading accounts or transactions.
5. Follow `links.next` on `GET /users/{userId}/transactions`. A page holds at most 500 items, and pending transactions get new ids on each refresh.

### MX Platform API

1. Send `Accept: application/json`, `Accept-Version: v20260929` and Basic auth of `client_id:api_key` on every call. A missing version returns 406
2. Ask the owner to allowlist the calling machine's static IP in the Client Dashboard first. Other addresses get 403, and some failed authentication returns 404
3. Test against `https://int-api.mx.com` with institution `mxbank`, username `mxuser` and any password. It has no aggregation throttle
4. Set your own `id` when creating users and members. A repeat returns 409, which makes a retried create safe
5. Expect 202 without an error when a standard aggregation is throttled (three hours by default). Balance checks stop at 5 per member every 2 hours with 429
6. Pass `includes[]=merchant` or `includes[]=category` as an array on transaction lists. A comma-separated string returns 400

## Questions

### Which is better for AI agents, Basiq or MX Platform API?

MX Platform API scores 62.5 (B) on agent readiness against Basiq's 60.4 (C), and leads in 4 of 7 scored categories. Basiq leads on reliability, payments & pricing and transparency & trust.

### Do Basiq and MX Platform API need an API key?

Both need an API key.

### Can an agent call Basiq and MX Platform API without installing anything?

Yes. Basiq has a hosted endpoint at https://au-api.basiq.io and MX Platform API at https://api.mx.com.


## For agents

- This comparison as JSON: https://www.anchorterminal.com/compare/basiq-vs-mx.json, and with the fewest tokens: https://www.anchorterminal.com/compare/basiq-vs-mx.min.md
- Over MCP at https://www.anchorterminal.com/mcp (no key): `compare_tools {"a": "basiq", "b": "mx"}`. From a terminal: `anchor compare basiq mx`
- Each listing in full: https://www.anchorterminal.com/api/v1/tools/basiq.json and https://www.anchorterminal.com/api/v1/tools/mx.json

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