Categorisation
Background
Yapily provides state-of-the-art categorisation to facilitate the enrichment of PSD2 transaction data. The aim is to enable clients to enhance products in lending, investing, affordability scoring, personal finance management and more.
- A tool built with self-learning models
- Understand financial data at scale, regardless of geography or language
- Enables merchant enrichment, categorisation and a view on whether it is a recurring transaction
- Understanding different types of income and spend
What is currently supported
Geographies
- UK
- EU
Account Types supported
- Business
- Consumer (Retail)
Enriched data points
Yapily’s categorisation product returns additional information for individual transactions, providing a more detailed summary of each transaction.
Categorisation provides the following additional information for transactions:
Field | Description |
Category | A category that our model has predicted best describes the transaction’s characteristics. |
Payment processor | The intermediary merchant of the transaction (i.e The payment processor). |
Merchant | The normalised merchant name (if a merchant is present). |
Recurrences Type | Indicates whether a transaction is a one-time transfer, e.g. purchasing a mattress (one-off), regularly repeats with personalized pricing, e.g. utilities, mortgage (recurring), regularly repeats with fixed pricing (subscription). |
How to enable categorisation
To access the categorisation endpoints, there are additional steps that need to be completed in advance.
- A contractual agreement is in place to cover our Data Plus Categorisation product
- The “ categorisation ” scope is enabled for your application (this can be requested via Support once the contract has been agreed).
-
categorisationType
(consumer or business) is defined inPOST /accounts/{accountId}/transactions/categorisation
endpoint request body schema (if not defined, it will default to the consumer). - Subscription to receive the Categorisation webhooks
The links to the Categorisation APIs can be found here → Enrichment APIs