August, 23th, 2016 – Categorization has always been provided within the Salt Edge’s Spectre API. Now the company introduces the unique possibility to use the categorization engine independently of the data aggregation.
Inverite Verification Inc., empowered by Salt Edge, will be the pioneer in bringing the transaction categorization to the Canadian lending market. The platform will allow their clients to make smarter and faster loan decisions, by providing them valuable insight into customers’ financial habits without having to go through each transaction separately.
Salt Edge Categorization API is a truly international tool. It employs a database of 2.000.000 points-of-sale, and understands transaction descriptions in a variety of languages based not only on the Latin alphabet, but also Cyrillic, Arabic, Chinese, etc. This makes the categorization process independent of the geographical origin of the transaction and applicable in any country around the world.
Salt Edge Inc. is a fast-growing innovative company specialized in FinTech. It provides world-leading account data aggregation, customer-oriented money management, and white label banking solutions.
Salt Edge enables its partners to embrace innovation, driving their businesses to the next level. Spectre API supports over 2500 financial institutions across 52 markets.
Salt Edge Inc. was founded in 2013 and is headquartered in Ottawa, Canada.
Inverite Verification Inc. is a Canadian-based company specialized in delivering any sort of online verification. Its motto is “Verification at the speed of business”.