The Keyword Labelling service is a core feature of the Data Intelligence solution. Based on the parameters/details of a transaction, it may assign one or many labels, that are used in our own solution to filter transactions upfront to analysis and calculation steps. Using this service directly allows customers, to implement their own analysis tailored to their specific use case.
For further details and the API documentation, refer to https://docs.finapi.io/?product=labelling.
Labelling vs. Categorization
finAPI offers a transaction categorization service, that is part of finAPI Access (see https://docs.finapi.io/?product=access). Other than for the Keyword Labelling, where each transaction can have several labels, here the transactions are grouped, and each one goes into a single category.
Examples of the use of one or the other:
Labelling | Categorizations |
|---|---|
Contract detection | Accounting |
Rist reporting | Personal finance management |