Eftpos, Liberty join Finch’s data intelligence API

“Local fintech Finch lambasted the major banks for failing to accurately categorise financial transactions, weakening their ability to comply with anti-money laundering and counter-terrorism financing laws, or accurately assess a borrowers’ risk profile.”

 

Read the full article here: https://www.afr.com/technology/eftpos-liberty-join-finch-s-data-intelligence-api-20191211-p53iu9

QUICK SUMMARY

  • eftpos Australia announces partnership with Finch for data intelligence

  • Machine learning algorithm trained on more than 150 million transactions

  • In a third of cases, Finch platform detects a transaction has been incorrectly categorised