Yodlee Seeks to Demistify Financial Transactions With Machine Learning

Posted 47 minutes ago by STUART PARKERSON, PublisherFinancial transactions are hard to read for end users, and in many instances the descriptions are ambiguous, which makes it difficult for users to recall the transaction when it shows up on bank or credit card statements.  Envestnet | Yodlee’s Transaction Enrichment tackles this problem by augmenting consumer financial transaction data by categorizing the transactions, adding a simple description, merchant name and geolocation based on the learnings of millions upon millions of transactions contained in the Yodlee platform.“Until now, financial institutions have struggled with delivering the personalized context needed to provide insight into purchases. Envestnet | Yodlee Transaction Data Enrichment enables developers to clearly contextualize transaction data and offer a more customized and engaging online banking experience through web and mobile apps. For the…


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