How does categorization of bank transactions work?

Our proprietary machine learning model categorizes your bank transactions in real time, giving you instant cash flow insights. These insights can be tailored to your entire company, specific teams, or individual projects.

When ambiguities arise, our internal Data Operations team steps in. The model flags potential discrepancies, and our team manually reviews them to ensure the highest data quality. This process not only guarantees accuracy but also continuously improves the model’s performance.

During the first two weeks after onboarding, the model self-trains to align with your needs. For example, assign a category once, and the model will instantly apply it to future transactions. After this initial period, you can count on a remarkable 98.8% accuracy.

Curious about how our machine learning works? Read this article.

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