FinTecSystems is an account information service and payment initiation service that always performs the services offered on the basis of the user's login to his online banking account.
Data set "general account information" of a bank account:
Return IBAN I BIC
Return account holder
With the exception of general account information, all other functions and data are optional and can therefore be requested explicitly by the provider via the API/interface. Various API products are available for this purpose (XS2A_RISK, XS2A_API and XS2A_PAY), which are described in more detail later in this document. All these products are based on the data readable from the online banking of the relevant bank details and the sales categorisation and tagging carried out by our system.
Categorisation and tagging
On the basis of the electronic account statement for each bank account requested, Fintecsystems identifies and categorizes the relevant transaction history of consumers retrospectively up to 360 days. This means that each individual account turnover is provided with at least one turnover day and assigned to its own turnover category.
Tagging for business and company accounts is currently in the beta phase.
FinTecSystems defines the relevant tags, which are broken down into income and expenditure on a first level. Granular tags are defined below.
Different approaches are combined to ensure the most accurate possible allocation of account turnover. Below is an excerpt of the internal, system-side functionality:
Potential assignments are determined from the amount of incoming and outgoing payments and the combination of certain key terms. Not only the intended purpose but also the account details of the offsetting accounts are taken into account.
Possible assignments are prioritized across the board and the most likely assignment is selected.
Daily quality assurance is used to collect data to improve categorisation and to record qualification performance statistically.
The current version is documented in the customer portal:
Further details and background information on the categories of account transactions can be found here: