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Salt Edge announces an improved personalized categorization algorithm

Salt Edge enhances the automatic financial transaction categorization engine by adding a personal touch to it.


December 9, 2015 - Salt Edge Inc. brings forth a new improvement to its automatic financial transaction categorization engine. The enhanced Salt Edge Categorizer learns to categorize transactions according to users’ preferences and needs. Even though this update does not affect the overall categorization accuracy, it will bring the precision of the transaction categorization for each particular user up to 100%.

With the latest update the end-users teach the Categorizer to set their preferred categories for specific transactions. By selecting a particular category for certain transaction several times the user shows the engine that this is the category to be used for any such further transactions.

“At Salt Edge we strongly believe that users themselves know what works best for them, and we could learn from them to accommodate their needs. Therefore, we have implemented an algorithm that enhances the learning capability of our software and allows users to achieve up to 100% accurate transaction categorization,” says Salt Edge Inc. CEO Dmitrii Barbasura.

The Salt Edge Categorizer is a multilingual tool that allows users all over the world to receive accurate categorization results. It understands transaction description in languages not only based on the Latin alphabet, but also Cyrillic, Arabic, Chinese, etc., which makes the categorization process truly international.


About Salt Edge Inc.

Salt Edge Inc. is a Canadian company that specializes in developing cutting-edge Financial Software. Using the Data Aggregation and White Label solutions, it allows mobile and web developers, as well as financial institutions, to improve their financial applications and deliver outstanding customer experience.

More detailed information about the company and its services can be found at www.saltedge.com.