We achieve over 95% of success categorizing the banking transactions categorized while enriching the data with additional information (Third party involved, TaxID, intervener, etc.)

Categorization of banking movements

Our categorization service helps our clients to understand the behavior of their end users through their transactionality. Thus, our clients can establish KPIs that allow them to analyze risks, identify patterns or create automatic systems to advise their users, no matter they are people or companies.

Additionally, our categorizer enriches the output data not only by detecting the most appropriate category for the banking transaction, but also by identifying the intervener, the payer, the company, CIF or other data; depending on whether they are available and the type of transaction made.

This service can also be used as part of the aggregation service, categorizing the information extracted in a single transaction.

Value proposal of categorization

PRECISE

With 350+ different categories, we are able to reach a level of detail without like no other in the market by correctly dealing with conflicting transactions, as well as a wide range of financial products where we can separate capital, yield and commissions.

FAST AND SAVE

Service designed for banks where high transactionality and security are key. It allows the categorization and enrichment of several million banking transactions in a few minutes.

HIGH POWERED

We enrich the result with additional information. We return the third party involved in each categorized transaction, when the data is available: Intervener, CIF, company name, originator, recipient, etc.

CUSTOMIZABLE

The service has category trees for each use case (PFM, Credit Scoring, etc.). If you have concrete needs, we may customize the category tree to your projects unique needs.

More information

Value proposal of our financial aggregator

KNOW YOUR CUSTOMER

Identify behavioral indicators in the transactional data of your clients as foundation for the development of risk models, investment recommendation models, etc.

SIMPLIFY YOUR DEVELOPMENTS

A single point of contact to add and categorize information. A single data model. Your apps will be faster to develop and easier to maintain.

INNOVATE

Improve the experience of your users to create services and monetizable products that improve the connection with your brand.

SaaS o IN-HOUSE

You can choose to have the service installed in your company and to be operated by yourself or Eurobits. Or you can choose for a cloud service with all the guarantees of availability and security.

Finance Aggregation Gateway

I want to know more... F.A.Q.

Finance Aggregation Gateway

The bank transaction categorization service interprets the information contained in the accounts and card transactional data, computing each bank data with its own tree in a unique way and classifies them within a specific and easily intelligible category.

We have a tree of categories adjusted to the European standard industrial classification for companies (SIC) used to enrich the categorized data with information of the economic activity of the company that is shown in the transactional data.

The service consists of a RESTful API that operates under a request-response model, allowing the implementation of a variety of scalable and mission-critical use case applications. There are two modes of operation, categorization and aggregation + categorization.

Main features:

Categorization trees by use case, such as Personal Finance Managers (PFMs), Credit Scoring, Lending, etc. Possibility of creating specific trees oriented to the needs of our customers.
Categorization scenarios adapted to each financial institution, which allows levels of accuracy in the categorization above 95%, unique in the market, fleeing from the generic categories (example: others, purchases, income, etc.)
High security: TLS protocol with preventive data protection encryption and VPN option. Client implementations have been ISO 27001 certified.
We respect privacy: Eurobits does not store the data of your end users for further processing.
Evolutionary Design: Continuous iterative development, compatible with PSD2 and GDPR.

The trainer

The categorization service has a separate piece of software installed in the non-productive environments used for the continuous improvement of the outputs. This ?trainer? is used to teach the system how to correctly classify non-categorized movements, to do simulations in non-productive environments, to analyze and optimize processing times and to fine-tune the results for the client's specific project.

AVAILABLE APIs

CATEGORIZATION API

This API returns a collection of bank movements categorized and enriched with information from the third party involved. Oriented to quickly and securely categorize massive internal transactions of financial entities.

API AGGREGATION AND CATEGORIZATION

Joining the advantages of aggregation, this API performs in a single transaction the extraction of information from the required entities and returns it by adding the respective categories.

Do you want to know more?

Get in touch with us

If you want to know in detail how this service works or how your company or project can benefit, please get in contact with us.

I want to know more... F.A.Q.