FCA Authorised, ICO Registered
DirectID is brought to you by The ID Co., a registered and authorised Account Information Service Provider by the FCA. Our AISP registration number is 798579.
We're commited to protecting your data, our ICO number is ZA384596.
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.
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
James Varga, CEO, DirectID
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.
We give lenders the power to redefine their Credit Risk Management at every stage of the Credit Risk Lifecycle.
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Our financial insights solutions give you everything you need to make an Accurate Affordability Decision.
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Bank Data supplied through Open Banking is secure and incontrovertible. Have faith in your process.
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Gain Insights like never before, a complete factual overview of your customers bank data.
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Bank Account Verification is an important part of the ID process and AML / KYC checks.
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Use Income to assess Credit Risk and complete affordability assessments, aiding you in your decision process.
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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.
Product Sheets
Connect
Data API
Insights
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Categorisation Engine
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