Salt Edge Data Enrichment is a platform that leverages machine learning and APIs to transform raw financial transaction data into actionable insights. It offers a suite of tools designed to help businesses understand their customers' financial behavior better. The Transaction Categorisation API assigns categories to both business and personal transactions, turning them into meaningful data points. The Merchant Identification API pinpoints the exact merchant for each transaction, providing detailed information such as location, contact details, and social media presence, which is invaluable for marketing campaigns and personalized reports. The Financial Insights feature generates comprehensive 360-degree financial reports in PDF or JSON formats, detailing balance, expenses, savings, and income, powered by sophisticated algorithms processing data from all customer bank accounts. This platform is designed for easy integration, security, and compliance with GDPR and other regulations, reducing operational costs and enabling data-driven decision-making for banks, lenders, credit bureaus, and fintechs.

Features & Benefits

• Transaction Categorisation: Assigns categories to personal and business transactions, detects income sources and transfers, and supports user-defined categories.
• Merchant Identification: Identifies exact merchants with detailed information including location, contact, and social media, using a database of over 25 million merchants.
• Financial Insights Reports: Generates comprehensive financial behavior reports (balance, expense, savings, income) in PDF/JSON formats using machine learning.
• Easy Integration & Security: Offers a ready-to-use platform with a simple integration process, a testing environment, and compliance with GDPR and international security standards.
• Account Information Aggregation: Connects to over 5,000 banks globally through a single API, enabling access to data from millions of accounts.