ENRICH
Convert transactions into insights
Provide your customers with a rich digital experience by helping them better understand where they’re spending. Use Basiq Enrich to identify the merchant, location and category of each bank transaction.
Questions? Contact our sales team
TRUSTED BY
Merchant identification
Enable your customers to easily recognise every bank transaction by providing them with rich and complete merchant details.
Discover the location of each transaction
Uncover the location of each payment with pinpoint accuracy. Use this information to detect fraudulent transactions and deliver location-specific services to your customers.
Expense classification
Our advanced machine learning models help you better understand your customer’s spending by accurately classifying living expenses into +500 categories. Use this data to help your customer’s better understand where they’re spending and to stay on top of their finances.
Gain insights from each bank transaction
Deliver a rich banking experience for your customers by helping them
understand the nature of each transaction.
Real-time enrichment
Easy to use API that enables you to instantly enrich each transaction.
Detailed classification
Enrich transactions into 500+ categories that are hierarchically organised.
Accurate merchant location
Discover the location of each transaction with pinpoint accuracy.
Latest merchant information
New merchants are continuously added to ensure each transaction can be matched.
How it works
Basiq Enrich provides a simple to use API service that can be called directly within
your app to provide additional metadata for each bank transaction.
Raw transaction records are uploaded to Enrich, where they are cleaned and standardised before machine learning algorithms identify the merchant, location and categories.
Enriched data is returned on request using an API request.
Bring your ideas to life
We have taken extreme care to design APIs that can easily be integrated with your solution, enabling you to access quality data and get to market faster.
{
"merchant": {
"businessName": "Garfish Manly",
"website": "http://garfish.com.au/garfish-manly/",
"phoneNumber": {
"local": "(02) 9977 0707",
"international": "+61 2 9977 0707"
}
}
}{
"location": {
"routeNo": "39",
"route": "E Esplanade",
"postalCode": "2095",
"suburb": "Manly",
"state": "NSW",
"country": "Australia",
"formattedAddress": "1/39 E Esplanade, Manly NSW 2095",
"geometry": {
"lat": "-33.79988520000001",
"lng": "151.2858021"
}
}
}{
"category": {
"anzsic": {
"division": {
"code": "H",
"title": "Accommodation and Food Services"
},
"subdivision": {
"code": "45",
"title": "Food and Beverage Services"
},
"group": {
"code": "451",
"title": "Cafes, Restaurants and Takeaway Food Services"
},
"class": {
"code": "4511",
"title": "Cafes and Restaurants"
}
}
}
}Plug and Play with the rest of the Basiq Platform
Enrich works seamlessly with our other products. Get real-time access to financial data via Connect, get the complete financial view of a customer with Affordability and execute payments through the Basiq platform by combining the power of financial data and payments.
Access account and transaction
data in real-time
Connect
Get real-time access to account details, balances and transactions from financial institutions.
Gain deep insight of your
customer’s finances
Affordability
Get a better understanding of your customer’s financials by identifying income sources, expenses, assets and liabilities.
Uncover rich insights
with data driven payments
Payments
Execute payments through the Basiq platform by combining the power of financial data and payments.
Ready to get started?
Get in touch or create an account.
