Experian’s Categorisation as a Service (CaaS) automates the categorisation of bank and credit card transaction data. The solution is driven by a suite of machine-learning algorithms, which categorise customers' bank or credit card transactions into one of over 180 different income and expenditure categories. Further models turn these categorised transactions into a set of summarised insights that can help a business understand your customers finances and make better informed decisions.
Automatically categorising transactional data saves an organisation time and gives you invaluable insights into the financial wellbeing of customers. It helps you understand a customer’s income, expenditure and credit behaviour, providing a detailed picture of their financial circumstances and resilience. Available for use in batch on the AWS cloud or in real-time as part of an Open Banking data exchange, it provides secure access to verified income and expenditure data.