Consolidate multiple sources of account, transaction and other customer data into one secure repository and optimise for search & query
Effective data access is the foundation of digital banking innovation. Meniga‘s core engine efficiently consolidates financial data from multiple sources such as account and transaction data along with other customer data that sits within banking systems, removes duplicates and stores in a secure repository. Storing a copy of accounts and transactions enables fast access to aggregated data that is optimised for querying by customers through digital channels in addition to evading expensive changes to and decreasing loads on legacy systems
Transform your customer data into a valuable set of assets & insights that power your online and mobile bank
Once Meniga‘s engine has consolidated the customer financial data from multiple sources into a single repository it‘s time to enrich the data - both through interpretation of existing transaction codes, text pattern matching & external sources, such as merchant directory data. With Meniga, enrichment becomes a part of daily operations as users interaction with the system further contributes to enrichment, for example through re-categorization
Achieve over 90% transaction categorisation accuracy for your customers with Meniga‘s robust multi-level engine
The secret sauce of Meniga‘s offering is the highly sophisticated categorisation engine that processes millions of transactions every day to accurately categorise people‘s spending. The categorisation engine utilises any available transaction data from core banking systems such as bank codes, MCC, raw data and compliments with external enrichment information such as merchant directory data. In addition the engine learns from the user and the customer community to hone the automated categorisation accuracy over 90%. Transactions are categorized into income and expense categories such as groceries or restaurants to create a personalised digital banking experience for each and every customer of your bank.
Accelerate innovation and integrate state of the art functionality to your digital environment with our REST API
Meniga‘s solutions contain a powerful and flexible REST API designed to allow development teams to easily and efficiently add Meniga‘s state of the art functionality and business logic to any presentation channel. The REST API facilitates a convenient, adaptive and flexible implementation process - decreasing the time and effort needed to start providing your customers with next generation digital banking.
Provide customers who bank with multiple financial institutions with a single and consolidated view of their finances
External Account Aggregation is a method of compiling customer information from various external sources such as bank accounts, credit card accounts, investment accounts and other customer accounts into a single platform – creating a single view of their financial life. Meniga’s Aggregation Framework provides a suite of out-of-the-box external data retrieval solution capabilities, such as multi-threading, end-to-end encryption, secure storing of user credentials, logging and monitoring features, development and test tools.