Banking API — Fintech
Automated Transaction Categorization for Fintech Apps
Automatically categorize bank transactions into spending categories with Fiskil's intelligent categorization engine. Turn raw transaction data into actionable insights.
The Challenge
Bank transaction descriptions are cryptic and inconsistent, making it difficult for users to understand their spending patterns.
The Solution
Fiskil automatically categorizes every transaction into consistent spending categories using machine learning and rule-based logic.
Capabilities
How Fiskil Helps
Automatic Category Assignment
Every transaction is assigned to a category (groceries, transport, dining, entertainment, etc.) automatically.
Merchant Enrichment
Raw merchant names are cleaned and enriched with recognizable business names.
Multi-Level Categories
Hierarchical category structure (e.g., Shopping > Groceries > Supermarkets) for granular insights.
Custom Categories
Define your own category taxonomy or customise the default categories to match your app's needs.
Implementation
How It Works
Fetch Transactions
Retrieve transactions from the API. Each transaction includes raw description, amount, date, and other metadata.
Receive Categories
Transactions come pre-categorized with category name, category ID, and confidence score.
Display Insights
Use categorized data to show spending breakdowns, budget tracking, and financial trends.
Allow Recategorization
Let users manually adjust categories if needed, improving accuracy over time.
Ready to get started?
Get your API keys today and start building with Fiskil's Banking API.
FAQs
Related Use Cases
Fintech
Account Aggregation
Enable users to connect and view all their bank accounts in one place. Fiskil's account aggregation API provides real-time access to accounts, balances, and transactions from 100+ Australian banks.
Personal Finance
Budget Tracking
Track spending against budgets automatically using real banking transactions. Help users manage their money with intelligent budget tracking and alerts.
Personal Finance
Spending Insights
Provide personalized spending insights using AI-powered transaction analysis. Help users understand spending patterns, identify savings opportunities, and make better financial decisions.
Get started today
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