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Categories & Classifications.

Making sense of data with our automated machine learning transaction engine.

The engine behind the magic.

90% Accuracy. 90% Coverage.

DirectID’s Categories & Classifications engine allows for direct access to an indvidual’s current account. DirectID uses state of the art cloud-based Machine Learning and Big Data Analytics algorithms to obtain deeper insights from transaction data than ever before. This enables next generation financial services providers and existing lenders to calculate affordability and detect fraud risks.

What are categories and classifications?

Categories

“The What”

What incomes?
What expenses?

The engine categorises the individual’s transactions. Businesses will have the ability to identify true spending habits and what type of income that individual has. Businesses benefit from UK training sets for both personal and business transaction types. For specific use-cases, DirectID can also customise training sets for individual businesses.

Classifications

“The How”

How they receive income?
How they spend it?

The engine categorises the individual’s transactions. Businesses will have the ability to identify true spending habits and what type of income that individual has. Businesses benefit from UK training sets for both personal and business transaction types. For specific use-cases, DirectID can also customise training sets for individual businesses.

Get everything you need to transform your assessments and customer onboarding.

Access bank data in 32 countries, from over 5,500 banks, so you can serve customers both locally and across the world.

Helping you make sense of data.

Data on classes

Data on all transactions classed into 10+ payment machanisms based on how it was received or spent.

 

Data on categories

Data on all transactions sorted into 70+ specific categories allowing for indepth data investigation.

Category buckets

Data on all transactions classed into 10+ category buckets, a higher level accumulations of more specific categories for easy view of cashflow behaviours.

 

Insights via Dashboard

Easily use category and classification data to make decisions about consumers using our Decision Dashboard.

Insights via API

Consumer our API to use category and classification data in instant decisioning engines, PFMs and more.

Seconds not hours

Don’t spend hours of your own time manually categorising user transactions, our engine can process this data in seconds.

 

Continuously improving

We use machine learning to continuously qualify data sets and improve the accuracy of our engine.

Want more information on the DirectID Categories & Classifications?

Unlock the your data’s potential with one of our offerings today.

Our plans are designed to flex with your business needs. To get a quote for your unique business requirements get in touch or Book a Demo today.

 

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