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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.
As we at SME Banking Club discuss topics connected with the digitalization of SME banking on an everyday basis – during our webinars, publications on the websites, and interviews, in this article, I summarized the main subjects leading banks in the CEE region are thinking about right now.
Data is the most valuable commodity of the 21st century, and its importance is growing every day across industries. Finance and payments are good examples of this. Find out what the new Mastercard Mandate means for banks and fintech
Everly and TapiX joined forces to organize a panel on the topic of Future of Banking: Gen Z. Join us for an exciting online discussion with speakers from W1tty, MyMonii, Gimi & Lunar on the 7th of December at 4PM CET. In this article we provide highlights regarding the Gen Z Banking landscape
The topic of global warming, long-term sustainability and overall respect for planet Earth has been discussed for decades, across human activities and industries. Today, there is little doubt that climate change poses a real and significant political and economic risk to humanity.
Have you ever been hesitant to go into a car dealership for the fear of being mobbed by hungry salesmen? Bank account holders feel the same way about banks that are too aggressive with cross-selling efforts. Rather than taking a scatter-shot approach that catches customers in the crossfire, banks should target those customers who might buy the product.
Twisto is a FinTech that enables their clients to shop now and pay later when it suits them. Thanks to the implementation of TapiX, Twisto users can additionally review their expenses and check where the purchase was made.
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.
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.
Recently, Simon Koci, the Head of International Partnerships at TapiX by Dateio, was featured in a report, where he discusses his views on the future of fintech. In this article, we highlighted the findings of a recent survey of 100 fintech product specialists and provided insights into latest banking product trends.
Cleaning data from payment transactions was initially an painstaking manual task. Seven years ago, we were learning to understand data, googling and searching the web for data. We started with a few thousand enriched transactions a month, but gradually we algorithmized the manual work and built our data engine. Today, we process thousands of times more transactions with a huge degree of automation.
SME Banking club sat down with Šimon Kočí, Head of International Partnerships for TapiX by Dateio, who will be moderating a panel discussion on the topic of Cooperation between banks and fintechs the upcoming CEE SME Banking Conference in Prague.
This gathering of experts and professionals not only provided a valuable opportunity for us to learn about the latest trends and developments within the industry but most importantly, our Head of Partnerships, Simon Koci, had a chance to host and moderate a panel discussion on the topic of Cooperation Between Banks and Fintechs.
Today, TapiX is excited to announce its partnership with Reflect, the first neobank in Jordan. This partnership will bring TapiX's enriched payment data to Reflect's App users, providing a better customer experience and better control of their money. Enriched payment data brings valuable insights into customer behavior, which can help banks like Reflect offer better services to their users.
Tracking financial flows is one of the key elements of banking, and payment data enrichment is becoming an increasingly important tool for banks to improve their services and minimise risk. In this article, we look at why payment data enrichment is so important in banking and how to get started.
Banks today have many modern tools and technologies at their disposal that allow them to create a superior user experience for their customers and become their main mobile app. However, many banks are not yet harnessing the full potential of new technologies to keep users active and motivated to use the banking app more often. If you want to retain active and loyal customers, there's no better way than to offer them personalized and modern banking services that are accessible anytime, anywhere.
Sustainability is becoming an increasingly key issue in digital banking, both from the perspective of consumers and from the standpoint of banks reflecting their interests as well as their ESG strategy. The interest also reflects a growing awareness of the climate change we are facing. In this article, we take a detailed look at why green direction and green thinking in banks and their banking applications are coming to the foreground now. We will reflect on the main differences between truly sustainable banking and greenwashing. We will also look at current initiatives that are working in the market to promote sustainability in banking.
Dateio, the leading Czech fintech company renowned for its innovative payment data enrichment solution, is thrilled to announce its expansion into the LATAM region fulfilled in record time of 6 weeks from first chat to launch. This strategic move comes on the heels of remarkable success in other markets, and it further strengthens Dateio's commitment to enhancing user experiences and driving data-driven insights in the banking and fintech industry.
How do you improve your digital banking app? Data is a key resource in this regard. Through data enrichment and subsequent analytics, banks can gain a deeper understanding of their customers, optimize their operations and come up with new opportunities for their customers. In this article, we will focus on leveraging the underlying data from MCC codes and enriching it. This knowledge is one of the pillars of the success of neobanks like bunq or Revolut, so don’t be left behind.
In an exciting move towards promoting sustainable practices and empowering users to make eco-conscious decisions, bunq has successfully integrated Dateio's latest product, TapiX EcoTrack, into its banking app. This integration marks a significant step forward in fostering collaboration between two industry leaders and revolutionizing the way consumers engage with their carbon footprint.
In today’s fintech era, it’s crucial to understand how we can use our customers’ data to make better decisions and understand their needs more deeply. But how exactly can we use this data, what types of data do we have and what can we get out of it?
The market for digital lending from non-bank lenders and fintech firms is becoming increasingly popular among consumers. It is a modern and innovative form of financing that provides a faster and more accessible alternative to traditional methods. The long queues at bank branches have come to an end. Customers want a loan in a few clicks and they want a card full of benefits to go with it. The BNPL trend with players like Klarna, Zip and Twisto shows this.