Resources about TapiX and Open Banking

Innovative REST API service, TapiX, announces a partnership with Bitpanda, a leading cryptocurrency and investment platform, to fuel their transaction history with enriched payment data.

Data is the key to understanding the customer and the long-term success of any business, so it’s no wonder it’s a sought-after commodity. Accurate and detailed data not only unlocks the door to further business growth, but also to increasing customer satisfaction.

Dateio, Czech pioneer in payment data enrichment, has partnered with YAP, the leading fintech revolutionizing the digital banking experience in MENASA, to provide YAP’s client with clarity around their spending.

The Dutch challenger bank was struggling to achieve a high coverage of merchant reconciliation such as merchant name, logo and payment category, with low costs. Thanks to TapiX, bunq’s data coverage has increased by 300%. Since then, Tapix is a key element of bunq’s data-driven super-app.

Backbase is a marketplace for banks and fintech to develop customer-centric applications. The marketplace provides the technology and expertise banks need to succeed in today’s digital world.

The biggest giants like Amazon, Facebook and such are leading the global market in a way which is affecting the majority of industries. They provide their clients with amazing experience when using their services. The security, trust or the number of features is no longer a dealbreaker in a customer’s journey when choosing a bank – UX is the key.

We decided to provide our insights into the power of strictly MCC-based categorization and its limits. Categorization is important for credit risk scoring and it is the basis for Personal Finance Management tools.
When we analyzed our categorization with MCCs, we saw that only 53% of transactions could be easily and reliably categorized based on their MCC code. Let’s have a look at the most frequent problems we identified that make MCC usage more difficult than it may seem at the first glance.