Transaction Categorization

First it all starts with your customers. Before the process can begin they have to give permission on their banking application to enable Open Banking services. Once you have the customer’s consent, only transactional data is securely collected from the customer’s account into our Transaction Categorization process. Where we use artificial intelligence mixed with machine learning to categorize the transactions and identify the entities involved. From there the categorized data is served on a silver platter back to your customers, allowing them to harness better value from your platform.

Yes, FOCAL customizable platform capabilities enables a tailored Financial Data and Credit Risk solution to our client’s unique needs and risk profiles. Allowing you to select what products and features they need.

Yes, any of FOCAL products can be used separately if the existing infrastructure can support it. 

We understand the complexity of different organization’s goals, timelines and infrastructure. Hence FOCAL is built around the concept of adaptability. Choose what works best for you, integrate our technology through API or adopt our user friendly UI for instant functionality. 

Customer insights enable businesses to make data-driven decisions. By deeply understanding your customers you can ensure successful loan allocations. Minimizing losses and increasing lending profitability. Spearheading rapid growth for your business. 

Absolutely, FOCAL is designed to adhere to industry standards and regulatory requirements, helping you maintain compliance and avoid potential legal repercussions.