What data enrichment does TrueLayer perform on banking data?

transaction_classification

We analyse transaction data to produce a predicted classification. This feature is supported for purchase and direct debit transactions.

This field is an array with two elements: primary-classification and sub-classification. E.g.:

"classification": ["Shopping", "Groceries"]

merchant_name

We analyse the transaction description in an attempt to extract the merchant name. This feature is supported for purchase and direct debit transactions.

This field is a string Eg:

"merchant_name": "Deliveroo"