Each account transaction is enhanced using our DataEnrichment API, which improves and adds value to the transactions recovered from the different institutions. One of the key features is Categorization, which matches the transaction using our Categorizator to one of our Categories that will provide extra information about the transaction.
Each category follows a hierarchy, which means that each one has a Parent category that groups the categories that are for similar purposes. IE. Transfer has multiple childs as Deposit, Check or ATM Withdrawal.