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Enrichment Engine

Contovista’s leading transaction enrichment service structures your customers’ payment information and intelligently enriches it with relevant metadata. As such, you gain insights into almost all areas of your customers’ lives, enabling you to place tailored offers and recommendations with a higher probability of closing. What’s more, this can also help to reduce operational costs.

Key features

  • Over 240 Transaction Categories: Exact assignment of transactions such as hairdresser, petrol station, bike shop, supermarket, taxi, bar, public transport, wellness, dentist, personal loan …
  • “Pretty Names”: With over 13,500 unique merchant IDs (independent of card schemes) – each transaction is assigned to the correct merchant with “pretty names” and 8,000 logos
  • All Payment Methods: All common payment methods, including QR invoice, eBill, Twint, debit and credit card, PayPal, bank transfer …

Description

Transaction enrichment and customer insights

Contovista’s leading transaction enrichment service structures your customers’ payment information and intelligently enriches it with relevant metadata. As such, you gain insights into almost all areas of your customers’ lives, enabling you to place tailored offers and recommendations with a higher probability of closing. What’s more, this can also help to reduce operational costs.

Your customers reap the benefits of enriched payment data

Transactions from different payment methods (e.g., bank transfers, card payments, Twint etc.) or sources (e.g., core banking systems, DWH or Open Banking transactions) are automatically enriched with one of over 240 categories, the correct name (“pretty names”) and the merchant logos. Contovista’s transaction enrichment also complies with Mastercard’s requirements (Mastercard Mandate 4569) to provide additional merchant information.As a result, your customers immediately have a comprehensive overview of their outgoings.

Company description

Contovista is a fintech leader specializing in enhancing banking experiences with data-driven insights and AI. It offers Personal Finance Manager (PFM) and Business Finance Manager (BFM) tools, designed to provide actionable financial information for individuals and SMEs. Its solutions integrate into digital banking platforms, improving user engagement through personalized banking experiences.

Leveraging machine learning, Contovista transforms complex financial data into understandable insights, enabling users to improve their financial health. It also offers add-ons like the Carbon Footprint Manager for eco-conscious spending and a Multibanking solution for managing multiple accounts effortlessly.

With a focus on financial literacy and sustainability, Contovista simplifies financial management, making it accessible to a broad audience and establishing itself as a pioneer in the future of digital banking.

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Company: Contovista
Category: Digital ChannelsClient Communication ManagementInvestment AdvisoryPortfolio Management
Released: 05 March 2024