How tapix works?
How tapix works?
TapiX is a seamless cloud-based REST API service that provides banks and fintechs with transaction data enrichment enabling them to build their own solutions on top of this data.
We believe that the better data you have, the less work you have to do. Put full focus on solution building, rather than messy data wrangling.
Get to solution building in 3 easy steps
Collect payment data from all tranaction sources, such as card transactions, bank transfers or open banking (PSD2) payments. TapiX can handle all inputs.
The TapiX engine consolidates and enriches raw, unstructured and uncategorized transactional data and transforms it by sending it in the form of structured data points back to your infrastructure (database, data warehouse, etc.).
Leverage the smart data you obtain for your analytics, UX, sustainability or business cases.
Testing own data in our free sandbox is a good way to start.
Enriched transaction data from TapiX unlocks a variety of opportunities:
Let your clients know exactly what they paid for with the merchant's accurate name and logo, payment category or GPS location
Supercharge your PFM with 500+ payment categories, budgeting options or subscription overview
Meet all the requirements of AN 4569 Revised Standards for the Display of Enhanced Merchant Data
Gain deep insight into your clients' habits, needs and goals and predict their behaviour
Maximize scoring accuracy and gain a new layer of insight into clients´ daily lives
Empower you business teams with detailed customer segmentation and deliver a targeted personalised experience
Provide the best possible experience to your clients when searching for a place to withdraw money
Raise carbon literacy through education and motivation with CO2 calulations and Eco Tags & Eco Tips
Reduce the cost of dealing with chargebacks by ensuring that clients know exactly what they are paying for
Data enrichment, especially in the payment sector, involves enhancing transactional data with additional information, enabling a deeper understanding of customer behavior, reducing fraud, and ultimately improving the overall payment ecosystem.
To achieve the best results, three fundamental qualities need to be balanced - Coverage, Accuracy, and Information richness, emphasizing the interconnected nature of these qualities for a comprehensive understanding.
Imagine the data system as a network of connected layers. At the top, you have the merchant, with a clear and accurate name and logo. Below this, each shop gets its own detailed profile, including categorization, URL, store type, tags, GPS location, and Google Place ID. Each shop is linked to multiple POS terminals, capturing every transaction.
By organizing data in this way, from merchants down to individual terminals, we ensure that you get clear, precise, and actionable insights from your transaction data.
We track our reliability and learn from mistakes. Currently, we have less than 1 complaint per 6M transactions by using a combination of AI-powered and statistical algorithms, supported by human validation process and client feedback.
Gain deep insights into specific client lifestyle and predict behaviour with a Four-level transaction categorisation system.
Besides detailed categorisation, you also get:
Ali Niknam
Founder & CEO at bunq
Alexey Kapustin
CEO at Raiffeisen Digital Bank AG
Alex Friedli
Chief Operating Officer at Swisscard
Leen Asfour
Product Lead at Reflect by Arab Bank
Offer users the ability to dispute or correct erroneous information within transaction details by allowing users to claim wrong merchant names, logos, locations, etc., ensure accurate transaction records
Our Customer Success Managers are ready to guide you through data validation, API implementation, testing and support you through live deployment
We track data changes and through APIs, clients can easily see which data needs to be refreshed and modified. The client retrieves the updated data through the API and replaces or removes the old data.
We provide an online reporting tool based on MS Power BI to ensure continuous transparency of the product performance for each client.
As a core product, Dateio offers a card-linked marketing platform for targeted offers (cashback and rewards campaigns) supercharged by TapiX enriched payment data.
We hold regular pulse check meetings at least quarterly to ensure client satisfaction with product performance, inform clients about the latest product enhancements.