Basiq’s categorisation engine uses multiple sources to categorise and enrich transaction banking data with multiple attributes. To provide industry standard categorisation of expense transactions we use Australia Bureau of Statistics (ABS).
Our powerful categorisation engine takes bank transactions which are typically noisy and difficult to categorise and return a result providing context and accuracy to the data. Use this to gain valuable insights into spending patterns and create better solutions for your customers.
Basiq and Verrency have joined forces to enable banks to store clean, categorised and enhanced transaction data – in real-time, at point of purchase.