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.

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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.

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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.

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Real-time enrichment

Easy to use API that enables you to instantly enrich each transaction.

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Detailed classification

Enrich transactions into 500+ categories that are hierarchically organised.

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Accurate merchant location

Discover the location of each transaction with pinpoint accuracy.

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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.

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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.

Plug and Play with the rest of the Basiq Platform

Connect works seamlessly with our other products. Use acquired data to understand the nature of each spend via Enrich, or get the complete view with Affordability.

Ready to get started?

Get in touch or create an account.