Classification Engine

FCA Authorised, ICO Registered

Better understand how customers spend their money

DirectID's Classification Engine works by classifying your customers bank data helping you to better understand how your customers spend their money.

The Classification Engine from DirectID informs our users what method their customers are using to pay for their everyday spending, from cash, to direct debits to standing orders, point of sale and more.

How it Works

1. Customers connect their account through the widget.

2. DirectID’s proprietary Classification Engine classifies all transactions, so you can obtain insights on how your customers spend their money. Whether it be point of sale, direct debit, standing order or other, we can provide the understanding.

3. The information is displayed on the DirectID Dashboard so can be put in context beside other customer information.

DirectID’s Classification Engine classifies the different types of payments made by your customers so you can better understand how they like to spend their money.

The ability to classify customer spending at different retailers.

View your customer's bank data in real-time.

Identify your customer's spending habits.

Detailed Customer Insights

Pairing our Classification Engine alongside our tools for income and credit risk we are able to give you a detailed understanding of your customers like never before.

Spot Customer Trends

Our Classification Engine classifies customer spend, providing you with intricate knowledge of a customer's spending decisions, habits and favoured retailers.

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.

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Affordability

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

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Fraud

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

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Collections & Recoveries

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

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Bank Account Verification

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

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Income
Verification

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

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Explore our Use Cases

Get Your Free
Platform Demo

Let our specialist team demonstrate the DirectID platform. We'll cover everything from Compliance and Insights to Solutions & Use Cases.

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

Classification Engine

Better understand how customers spend their money

How it Works