Categorisation Engine

FCA Authorised, ICO Registered

Give users an understanding of how their customers are spending their money.

DirectID’s Categorisation Engine helps you understand how your customers use their money. We use machine learning and big data to classify and categorise all transactions to give you a rich and comprehensive understanding of your customer’s financial habits.

How it Works

1. Your customer’s bank statement data is run through our Categorisation Engine.

2. . Using algorithms, machine learning and big data analytics, the bank data is categorised into groups of similar transactions allowing you to see what your customers are spending their money on.

3. The information is displayed back to the end user within seconds, giving instant data insights.

DirectID’s Categorisation Engine helps you understand how your customers use their money. We use machine learning and big data to classify and categorise all transactions to give you a rich and comprehensive understanding of your customer’s financial habits.

Over 70 categories used to pin-point customer spending habits

10 Assessment Buckets used to give you even more insights

Up to 95% accuracy in defining the correct categories

Obtain Rich Insights

Normally obtaining such rich insights would take huge levels of resource. With our Categorisation Engine you receive all the insights, reports and analytics you need in mere seconds, allowing you to make more efficient data driven decisions.

Industry Specific Categorisation

Our Categorisation Engine has been refined to provide up to 95% accuracy in spending categorisation across various industries and sectors. We're constantly tuning and upgrading our algorithms, so you can rest assured that the insights you receive will always be accurate and bespoke to your business.

Make Data-Driven Decisions

We often say that it's not the data, but what you do with it that counts, and that's never been truer when it comes to our Categorisation Engine. We cut through the noise to deliver you industry specific insights using real-time bank data from your customers.

James Varga, CEO, DirectID

Powerful Use Cases

Explore our Powerful Use Cases. We provide easy zero-integration solutions with direct access to your customers bank data and instant financial insights into your customers.

Credit Risk

We give lenders the power to redefine their Credit Risk Management at every stage of the Credit Risk Lifecycle.

Find Out More

Affordability

Our financial insights solutions give you everything you need to make an Accurate Affordability Decision.

Find Out More

Fraud

Bank Data supplied through Open Banking is secure and incontrovertible. Have faith in your process.

Find Out More

Collections & Recoveries

Gain Insights like never before, a complete factual overview of your customers bank data.

Find Out More

Bank Account Verification

Bank Account Verification is an important part of the ID process and AML / KYC checks.

Find Out More

Income
Verification

Use Income to assess Credit Risk and complete affordability assessments, aiding you in your decision process.

Find Out More

Explore our Use Cases

Download the DirectID Categorisation eBook today!

Our Categorisation Engine allows for the processing of data direct from an individual's current account, or the passing of custom data sets. We then use cloud-based Machine Learning and Big Data Analytics algorithms to obtain deeper insights from transaction data, providing you with accurate and automated transaction enrichment.

Company registered in Scotland SC400459 • DirectID is brought to you by The ID Co., a registered and authorised Account Information Service Provider by the FCA • AISP registration number 798579 • We're committed to protecting your data, our ICO number is ZA384596

Categorisation Engine

Give users an understanding of how their customers are spending their money.

How it Works