Design Principles of Transaction Categorization

by Strands | White Paper

Automatic categorization of financial transactions is the centerpiece of any PFM solution. But where do transaction categories come from? How are they automatically assigned? How is success measured and how do we ensure that the system improves over time?

Strands has published a white paper that will interest anyone seeking to answer these questions. Read it and learn:

How to define category taxonomy
How categorization rules work
How to prioritize rules & handle conflicting rules

About Strands

Strands is the FinTech partner for banks. Our mission is to develop and deliver best-in-class digital money management software to financial institutions worldwide. Our insight-driven solutions enable banks to anticipate customer needs and proactively suggest
next-best-actions to increase long-term value for customers. Since 2004, Strands has powered FinTech innovation in over 180 banks and
currently serves more than 100 million banking customers worldwide.

Evolving APIs | NXTsoft Connectors For 40+ Banking Core Systems

Best Practice | Banking Evolving APIs | NXTsoft Connectors For 40+ Banking Core Systems

NXTsoft
New GFT Engineering blog on Medium

Other | Artificial intelligence New GFT Engineering blog on Medium

GFT
Murex, Client Work to Comply with Regulator Fair Value Determination Request

Other | Risk management Murex, Client Work to Comply with Regulator Fair Value Determination Request

Murex
FrankieOne solves global fintech challenge with unified regtech solution

Case Study | Financial Services FrankieOne solves global fintech challenge with unified regtech solution

Austrade
Four Signs Your Firm Is Ready for a Front-To-Back Solution

Other | Asset management Four Signs Your Firm Is Ready for a Front-To-Back Solution

Meradia

Other resources from Strands

7 SME Factors Powering the SME Banking Shift

White Paper | Banking 7 SME Factors Powering the SME Banking Shift

Strands
The best of Fintech Pulse: Thought Leadership Highlights 2016

Best Practice | Banking The best of Fintech Pulse: Thought Leadership Highlights 2016

Strands
Leveling Up: Why SME Banking Needs Machine Learning

Best Practice | Banking Leveling Up: Why SME Banking Needs Machine Learning

Strands
Strands PFM: Introductory Demo

Video | Banking Strands PFM: Introductory Demo

Strands
What is Strands PFM and how can banks benefit?

Video | Banking What is Strands PFM and how can banks benefit?

Strands
How Strands Helps Banks Win the FinTech Race

Best Practice | Banking How Strands Helps Banks Win the FinTech Race

Strands
Strands BFM: The Digital Banking Solution for Managing Business Financials

Brochure / Fact Sheet | Banking Strands BFM: The Digital Banking Solution for Managing Business Financials

Strands
Strands PFM Product Sheet

Brochure / Fact Sheet | Banking Strands PFM Product Sheet

Strands