Data Enrichment API
Truly understand where the money is going by turning transaction data into insights using AI.
Data Enrichment API
Turn raw transaction data into meaningful insights using our AI, to improve lending decisions, user experience and customer insights.
Our data enrichment engine can be applied to any transaction database, regardless of the data source.
Market leading accuracy
With 95% categorisation accuracy you can confidently build products using our insights.
One single API
All you need is one API. Send us your transaction data and you'll have it back within seconds, categorised and enriched. It's that simple.
Constantly improving
Our AI powered models are constantly learning and improving based on new data.
Multi data source solution
Use Open Banking data, screen scraping, direct API's or all of the above, with consistent performance across all data sources.
Get started with our Data Enrichment API
What will you build? Get in touch to discuss the possibilities or schedule a demo.
Use cases
Personal finance management
Show your customers where their money is going, give them personalised insights and allow them to set goals & budgets.
Lending
Make better credit decisions, reduce risk and defaults based on an accurate understanding of your customers’ Income & Expenses.
Insights
Provide your customers with smart and actionable insights based on their financial situation.
Features
Build your own unique customer journeys and products with AI-powered Data Enrichment API
1. Transaction categorisation
Add context to transactions by grouping them into meaningful categories.
2. Bill detection
Automatically detect regular transactions like rent, utilities and subscriptions
3. Merchant classification
Identify merchants and enrich them with relevant information
4. Identify income
Find and classify incoming salary payments automatically
5. Customisation
Control the categories and icons you want to use, and customise branding
Case studies
We’re helping neobanks, traditional banks, Fintechs, lenders and employers get ahead of the competition with our B2B solutions. Here are some examples of partners and the challenges we’ve helped them with.
Volt Labs
Challenge
Volt Bank was waiting for APRA approval to launch core banking products and didn’t yet have an app in market. They wanted to engage the community of early adopters signed up as beta customers and start building products based on learnings from users.
Solution
By launching a ‘labs app’ with Frollo, the neobank was able to start more meaningful co-creation conversations and product testing with their beta customers and pre-seed their new account opening pipeline with a deeper level of customer data.
- Aggregation
- Data Enrichment
- Surveys
- Reporting
- Marketplace
Volt Bank
Challenge
After launching their savings account, Volt Bank was looking to launch a feature inside the Volt Bank app to help their customers develop a saving habit.
Solution
Result
Volt Bank was able to quickly launch their goals feature, using the Frollo SDK to integrate in their app.
- Goals
- User authentication
- Data enrichment
- Rapid deployment
- Cost efficient
Speckle
Providing financial wellbeing tools to their customers using a Frollo white label app.
Challenge
Speckle is an Australian not-for-profit, providing small loans for life’s expenses. They were looking for a way to help their customers better understand their finances and pay down their debts.
Solution
The Frollo lending whitelabel app gives Speckles’ customers the full picture of their finances, by integrating with their loan management system as well as aggregating other accounts and loans their customers have.
The personalised ‘debt journey’ helps their customers on their way to pay down debt and turn around their finances.
- Lending white label
- Personalised debt journey
- Loan management integration
- Customer authentication
- Cost efficient
Home Loan Ready
Challenge
An Australian Tier 1 lender wanted to help its customers feel more confident about being able to afford potential mortgage repayments, while at the same time acquire additional data to support their lending decisions.
Solution
The Home Loan Ready app challenges users to prove that they will make future repayments should they take on a new or increased home loan. The app enables users to set the size of future home loan payments, Frollo then tracks their goal payments and the user’s comfort-level with that commitment.
The lender was able to use this data for insights into share of wallet, potential loan size, savings and timing for loan offers.
- Goals & Challenges
- Customer acquisition
- Aggregation
- Data enrichment
- Smart Insights
- Home loan jouarney
Developer Portal
Looking for the nuts and bolts of our Data Enrichment API? Check out the developer portal for more technical details.
Other products
Our SaaS Integration platform sits at the core of the Frollo ecosystem, bringing together our AI engine, API’s, partner integrations and Open Banking solutions.
Aggregation
One API to create a single customer view
Data Enrichment
Turn raw transaction data into insights using AI
Insights
Personalised and actionable financial insights
Financial wellbeing score
One simple score and steps to turn finances around
Budgeting
Smart budgeting with powerful data visualisation
People like you
Powerful community-driven insights for users
Goals & challenges
Improve financial wellbeing by tracking progress
Bill tracker
Help users stay on track of regular payments
Product switching
Better outcomes with more relevant offers for users
Journey builder
Build personalised, omnichannel user journeys