{"id":2623,"date":"2022-10-19T15:54:55","date_gmt":"2022-10-19T13:54:55","guid":{"rendered":"https:\/\/www.contovista.com\/enrichment-engine\/"},"modified":"2024-10-24T09:28:59","modified_gmt":"2024-10-24T07:28:59","slug":"enrichment-engine","status":"publish","type":"page","link":"https:\/\/www.contovista.com\/en\/products\/enrichment-engine\/","title":{"rendered":"Enrichment Engine"},"content":{"rendered":"<section height=\"710\" class=\"hero hero--diagonal   logo-color logo-color-white no-lazy\">\n  <div class=\"container container--small\">\n    <div class=\"hero__wrapper flex row jscb\">\n\n                          <div class=\"hero__info hero__info--no-image hero__info--medium hero__info--for-small-image\">\n\n        <!-- Article data  -->\n                <!-- Article data  -->\n\n        <!-- Titles  -->\n                              <h1 class=\"white\">Enrichment Engine <\/h1>\n                   \n\n                <!-- Titles  -->\n\n        <!-- Description  -->\n                  <p class=\"white hero__info-description-desktop\">Thanks to AI and extensive industry experience, we interpret and refine unstructured transaction data into useful information and decision-relevant insights with the highest accuracy.<\/p>\n                          <p class=\"white hero__info-description-mobile\">Thanks to AI and extensive industry experience, we interpret and refine unstructured transaction data into useful information and decision-relevant insights with the highest accuracy.<\/p>\n                <!-- Description  -->\n\n        <!-- Button  -->\n        \t\t\t  <a \n\t\t\t\thref=\"https:\/\/www.contovista.com\/en\/contact\" \n\t\t\t\tclass=\"btn\"\n\t\t\t\tdata-modal=\"modal-hero\"\n\t\t\t\ttarget=\"\">\n\t\t\t\tContact our experts \n\t\t\t  <\/a>\n         \n        <!-- Button  -->\n\n        <!-- Clients slider  -->\n                <!-- Clients slider  -->\n\n\n      <\/div>\n\n      <!-- Image \/ Lottie  -->\n            <!-- Image \/ Lottie  -->\n\n    <\/div>\n  <\/div>\n<\/section> \n\n\n \n\n\r\n\r\n<div class=\"breadcrumbs\">\r\n  <div class=\"container\">\r\n    <div class=\"breadcrumbs__wrapper flex row aic\">\r\n      <nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Home<\/span><\/p><\/nav>    <\/div> \r\n  <\/div>\r\n<\/div>\r\n\r\n\n\n\r\n<section class=\"title-copy section logo-color logo-color-dark\"  >\r\n  <div class=\"container\">\r\n    <div class=\"title-copy__wrapper\">\r\n          <h2>Transaction enrichment and customer insights <\/h2>\r\n          <div class=\"textbox\">\r\n        <p>Contovista&#8217;s leading transaction categorisation structures payment information and intelligently enriches it with relevant metadata. This allows financial institutions to gain deep insights into almost all aspects of their clients&#8217; lives. As a result, they can precisely understand client behaviour and develop personalised financial offers.<\/p>      <\/div>\r\n    <\/div>\r\n  <\/div>\r\n<\/section>\n\n\r\n<section class=\"title-copy section logo-color logo-color-dark\"  >\r\n  <div class=\"container\">\r\n    <div class=\"title-copy__wrapper\">\r\n          <h2>Enhanced data quality<\/h2>\r\n          <div class=\"textbox\">\r\n        <p>By improving data quality for data science and analytics teams, banks can optimise their sales strategies, personalise advice, and create more precise risk assessments. Doing so leads to increased client satisfaction and higher user engagement. Additionally, financial institutions can directly integrate deep Enrichment Engine transaction insights into their advisory tools or other channels to provide even more targeted and valuable services to their customers.<\/p>\n<p>Contovista\u2019s Enrichment Engine analyses transactions from a wide range of payment methods (bank transfers, card payments, Twint, Sepa, SWIFT etc.) and sources (core banking system) and assigns them to detailed transaction categories. By adding merchant IDs, pretty names, logos, and geodata that comply with the Mastercard guidelines (Mandate 4569), we enable financial institutions to conduct in-depth analyses of their clients\u2019 financial data.<\/p>      <\/div>\r\n    <\/div>\r\n  <\/div>\r\n<\/section>\n\n \n\n<section class=\"section columns logo-color logo-color-dark\" >\n  <div class=\"container\">\n      <div class=\"columns__wrapper flex row jcsb fww\">\n\n              \n          \n          <div class=\"columns__column\">\n\n                          <div class=\"columns__column-icon\">\n                <img decoding=\"async\" \n                  width=\"56\"\n                  height=\"56\"\n                  src=\"https:\/\/www.contovista.com\/wp-content\/uploads\/2023\/03\/221222_Contovista_Icons_Grid_48px_Grid-Kopie-5.png\" \n                  alt=\"\"\n                  caption=\"\"\n                  description=\"\">\n              <\/div>\n            \n                          <h3 class=\"fw700 h4 columns__column-title flex\"> \n                                <span>Maximum Accuracy<\/span>\n              <\/h3>\n            \n                          <p class=\"dark-sky-80\">Precise categorisation of over 240 categories, including hairdresser, petrol station, bike shop, and supermarket, as well as merchant IDs, logos, and intuitive pretty names.<\/p>\n            \n          <\/div>\n\n        \n          \n          <div class=\"columns__column\">\n\n                          <div class=\"columns__column-icon\">\n                <img decoding=\"async\" \n                  width=\"56\"\n                  height=\"56\"\n                  src=\"https:\/\/www.contovista.com\/wp-content\/uploads\/2022\/11\/071122_Contovista_Icons_48px_investment-securities.svg\" \n                  alt=\"H\u00f6here durchschnittliche Investitionssumme in Wertpapiere\"\n                  caption=\"\"\n                  description=\"\">\n              <\/div>\n            \n                          <h3 class=\"fw700 h4 columns__column-title flex\"> \n                                <span>Shared Learning Effect <\/span>\n              <\/h3>\n            \n                          <p class=\"dark-sky-80\">Continuous improvement of transaction data enrichment through a network effect from anonymised data from our partner banks.<\/p>\n            \n          <\/div>\n\n        \n          \n          <div class=\"columns__column\">\n\n                          <div class=\"columns__column-icon\">\n                <img decoding=\"async\" \n                  width=\"56\"\n                  height=\"56\"\n                  src=\"https:\/\/www.contovista.com\/wp-content\/uploads\/2022\/11\/071122_Contovista_Icons_48px_closing-rate-.svg\" \n                  alt=\"Steigerung der Abschlussrate im Kreditkartenvertrieb\"\n                  caption=\"\"\n                  description=\"\">\n              <\/div>\n            \n                          <h3 class=\"fw700 h4 columns__column-title flex\"> \n                                <span>All Payment Methods<\/span>\n              <\/h3>\n            \n                          <p class=\"dark-sky-80\">Recording of all common payment methods and means (Sepa &amp; SWIFT) including QR-bill, eBill, Twint, debit and credit cards, PayPal, bank transfer, and much more.<\/p>\n            \n          <\/div>\n\n         \n      \n    <\/div>\n      \n        <!-- Button  -->\n             \n    <!-- Button  -->\n  <\/div>\n<\/section>\n\n\n\n<section class=\"section demo logo-color logo-color-dark\" data-is-animated=\"\"  >\n  <div class=\"container\">\n      <h2>Utilize the power of transaction data<\/h2>\n  \n    <div class=\"demo__wrapper flex jcfe\">\n\n      <div class=\"demo__images\">\n                    \n                    \n          <div class=\"demo__item-image demo__item-image--active\">\n            <img decoding=\"async\" \n              src=\"https:\/\/www.contovista.com\/wp-content\/uploads\/2024\/10\/contovista-ee-1-category-1256x1257.jpg\"  \n              alt=\"\"\n              caption=\"\"\n              description=\"\">\n          <\/div>\n\n          \n                  \n                    \n          <div class=\"demo__item-image\">\n            <img decoding=\"async\" \n              src=\"https:\/\/www.contovista.com\/wp-content\/uploads\/2024\/10\/contovista-ee-2-prettyname-1256x1256.jpg\"  \n              alt=\"\"\n              caption=\"\"\n              description=\"\">\n          <\/div>\n\n          \n                  \n                    \n          <div class=\"demo__item-image\">\n            <img decoding=\"async\" \n              src=\"https:\/\/www.contovista.com\/wp-content\/uploads\/2024\/10\/contovista-ee-3-location-1256x1256.jpg\"  \n              alt=\"\"\n              caption=\"\"\n              description=\"\">\n          <\/div>\n\n          \n                   \n            <\/div>\n      <div class=\"demo__items\">\n                  <div class=\"demo__item demo__item--active\" data-demo-item=\"1\">\n            <div class=\"demo__item-wrapper flex row aifs\">\n              <div class=\"demo__item-num flex aic jcc\">1<\/div>\n              <div class=\"demo__item-info\">\n                <h3 class=\"demo__item-title fw700 h5\">Transaction and counterparty categories <\/h3>\n                <div class=\"demo__item-description\">\n                  <p>We automatically categorise over 240 categories (e.g. rent) and identify over 1,000 counterparty categories (e.g. pharmacy versus drugstore) with a hit rate of 98%. This gives financial institutions valuable insights into the habits of their clients, enabling them to hyper-personalise their offerings and generate meaningful data for their machine learning models<\/p>\n                <\/div>\n              <\/div>\n            <\/div>\n          <\/div>\n                    <div class=\"demo__item\" data-demo-item=\"2\">\n            <div class=\"demo__item-wrapper flex row aifs\">\n              <div class=\"demo__item-num flex aic jcc\">2<\/div>\n              <div class=\"demo__item-info\">\n                <h3 class=\"demo__item-title fw700 h5\">Merchant information and pretty names<\/h3>\n                <div class=\"demo__item-description\">\n                  <p>By enriching merchant IDs with pretty names and logos, in strict compliance with Mastercard guidelines (Mandate 4569), banks can offer their clients an even more detailed and personalised overview of their transactions.<\/p>\n                <\/div>\n              <\/div>\n            <\/div>\n          <\/div>\n                    <div class=\"demo__item\" data-demo-item=\"3\">\n            <div class=\"demo__item-wrapper flex row aifs\">\n              <div class=\"demo__item-num flex aic jcc\">3<\/div>\n              <div class=\"demo__item-info\">\n                <h3 class=\"demo__item-title fw700 h5\">Geolocation with map view <\/h3>\n                <div class=\"demo__item-description\">\n                  <p>Geolocation provides invaluable location information (longitude and latitude) as well as detailed map views for physical card payments. This allows banks to not only offer their customers a better overview, but also to further personalise the user experience.<\/p>\n                <\/div>\n              <\/div>\n            <\/div>\n          <\/div>\n                <\/div>\n    <\/div>\n\n\n    <!-- Button  -->\n \t \n\n             \n    <!-- Button  -->\n\n    \n  <\/div> \n<\/section>\n\n<!-- modal  -->\n\n\r\n<section class=\"title-copy section logo-color logo-color-dark\"  >\r\n  <div class=\"container\">\r\n    <div class=\"title-copy__wrapper\">\r\n          <h2>Simple integration with maximum flexibility<\/h2>\r\n          <div class=\"textbox\">\r\n        <p>The Enrichment Engine is <strong>independent of your core banking system<\/strong> and available as an on-premise or SaaS solution. It can be easily integrated into your IT landscape via a <strong>REST API<\/strong> or with an <strong>individual DB interface<\/strong>.<\/p>      <\/div>\r\n    <\/div>\r\n  <\/div>\r\n<\/section>\n\n\r\n<div class=\"container section\">\r\n  <a \r\n    href=\"https:\/\/www.contovista.com\/en\/contact\/\" \r\n    data-modal=\"modal-\"\r\n    target=\"_self\"\r\n    id=\"\"\r\n    class=\"btn btn--arrowed btn--centered\">\r\n    Contact our experts \r\n\r\n         \r\n  <\/a>\r\n<\/div>\r\n\r\n  \r\n\r\n  \n\n\n<section class=\"scrollcopy section logo-color logo-color-dark\"  >\n  <div class=\"container\">\n\n    <div class=\"scrollcopy__wrapper flex row jcsb\"> \n\n      <div class=\"scrollcopy__stickybar\">\n                    \n          \n            <div \n              data-subtitle=\"1\"\n              class=\"scrollcopy__stickybar-item scrollcopy__stickybar-item--active\">\n              Boost Sales            <\/div>\n          \n                  \n          \n            <div \n              data-subtitle=\"2\"\n              class=\"scrollcopy__stickybar-item\">\n              Risk assessment            <\/div>\n          \n                  \n          \n            <div \n              data-subtitle=\"3\"\n              class=\"scrollcopy__stickybar-item\">\n              Process automation            <\/div>\n          \n                  \n          \n            <div \n              data-subtitle=\"4\"\n              class=\"scrollcopy__stickybar-item\">\n              Data science and analytics            <\/div>\n          \n                  \n          \n            <div \n              data-subtitle=\"5\"\n              class=\"scrollcopy__stickybar-item\">\n              UX and finance management            <\/div>\n          \n                   \n            <\/div>\n\n      <div class=\"scrollcopy__content\">\n                    \n                    \n            <div \n              data-body-scrollcopy-content-item=\"1\"\n              class=\"scrollcopy__content-item scrollcopy__content-item--active\">\n\n              <div class=\"scrollcopy__content-item-subtitle scrollcopy__content-item-subtitle--active\">Boost Sales<\/div>\n\n              <h2>Client advisory services and sales<\/h2>\n\t\t\t\t\n\t\t\t\t\n              <div class=\"textbox dark-sky-80\">\n                <p>Seamless integration of the enriched transaction data into existing customer advisor systems (Advisor Workbench) and tools gives banks a comprehensive overview of their clients.<\/p>\n<p>This enables advisory services to be further personalized and sales processes to be optimized. Moreover, banks can harness patterns in enriched transaction data to build detailed client profiles for targeted marketing and lead generation, drawing on purchasing behaviour, habits, and geolocation data.<\/p>\n<p><a href=\"https:\/\/www.contovista.com\/en\/products\/enrichment-engine\/client-analytics\/\">Further optimise sales and client advice with client analytics<\/a><\/p>              <\/div>\n\n              <!-- Button  -->\n                            \n                                           \n              <!-- Button  -->\n\n            <\/div>\n\n             <!-- Modal  -->\n                         <!-- Modal  -->\n\n            \n        \n                    \n            <div \n              data-body-scrollcopy-content-item=\"2\"\n              class=\"scrollcopy__content-item\">\n\n              <div class=\"scrollcopy__content-item-subtitle\">Risk assessment<\/div>\n\n              <h2>More efficient risk management<\/h2>\n\t\t\t\t\n\t\t\t\t\n              <div class=\"textbox dark-sky-80\">\n                <p>With the help of the Enrichment Engine, it is possible to identify existing alimony payments, relationships with third-party providers (TTP), debt collection, or a client&#8217;s tendency toward gambling.<\/p>\n<p>Comprehensive credit rating models can be developed by leveraging the deep transaction insights of the Enrichment Engine, while risk and creditworthiness assessments can be enhanced.<\/p>\n<p><a href=\"https:\/\/www.contovista.com\/en\/products\/enrichment-engine\/client-analytics\/\">Better risk management with client analytics<\/a><\/p>              <\/div>\n\n              <!-- Button  -->\n                            \n                                           \n              <!-- Button  -->\n\n            <\/div>\n\n             <!-- Modal  -->\n                         <!-- Modal  -->\n\n            \n        \n                    \n            <div \n              data-body-scrollcopy-content-item=\"3\"\n              class=\"scrollcopy__content-item\">\n\n              <div class=\"scrollcopy__content-item-subtitle\">Process automation<\/div>\n\n              <h2>Enhancing operational efficiency<\/h2>\n\t\t\t\t\n\t\t\t\t\n              <div class=\"textbox dark-sky-80\">\n                <p>Enriched transaction data offers insights into clients&#8217; salaries, rental incomes, taxes, mortgages, and deeper aspects of their behaviors and interests.<\/p>\n<p>These insights can be integrated to fully automate risk and marketing processes, including loan approvals and marketing campaigns.<\/p>\n<p><a href=\"https:\/\/www.contovista.com\/en\/products\/enrichment-engine\/client-analytics\/\">Automate risk and marketing processes with client analytics.<\/a><\/p>              <\/div>\n\n              <!-- Button  -->\n                            \n                                           \n              <!-- Button  -->\n\n            <\/div>\n\n             <!-- Modal  -->\n                         <!-- Modal  -->\n\n            \n        \n                    \n            <div \n              data-body-scrollcopy-content-item=\"4\"\n              class=\"scrollcopy__content-item\">\n\n              <div class=\"scrollcopy__content-item-subtitle\">Data science and analytics<\/div>\n\n              <h2>Structured and usable transaction data<\/h2>\n\t\t\t\t\n\t\t\t\t\n              <div class=\"textbox dark-sky-80\">\n                <p>Our structured and enriched transaction data enables analytics teams to gain deep insights and make data-driven decisions. By using machine learning models trained on the extensive datasets of the Enrichment Engine, clients with high conversion potential can be identified, and hyper-personalised marketing campaigns can be executed.<\/p>\n<p><strong>Case studies with our partner banks show:<\/strong><\/p>\n<ul>\n<li>Up to 23 times higher conversion rates for credit cards<\/li>\n<li>A doubling of loan applications<\/li>\n<li>35% more investments in securities<\/li>\n<li>Identification of clients with a high potential for closing a deal<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.contovista.com\/en\/products\/enrichment-engine\/client-analytics\/\">Further strengthen data science and analytics capabilities<\/a><\/p>              <\/div>\n\n              <!-- Button  -->\n                            \n                                           \n              <!-- Button  -->\n\n            <\/div>\n\n             <!-- Modal  -->\n                         <!-- Modal  -->\n\n            \n        \n                    \n            <div \n              data-body-scrollcopy-content-item=\"5\"\n              class=\"scrollcopy__content-item\">\n\n              <div class=\"scrollcopy__content-item-subtitle\">UX and finance management<\/div>\n\n              <h2>Creating a better customer experience<\/h2>\n\t\t\t\t\n\t\t\t\t\n              <div class=\"textbox dark-sky-80\">\n                <p>Our transaction data enrichment provides structured and enriched data that is transformed into actionable insights.<br \/>\nThis information is provided via the Personal Finance Manager in digital banking, enabling clients to better understand their financial situation and manage their finances more efficiently.<\/p>              <\/div>\n\n              <!-- Button  -->\n                            \n                                                                          <a \n                  href=\"https:\/\/www.contovista.com\/en\/aktuelles\/news\/contovista-ai-finance-manager\/\" \n                  class=\"btn btn--arrowed\"\n                  data-modal=\"modal-scrollcopy-5\"\n                  target=\"\">\n                  AI Finance Manager \n                <\/a>\n               \n              <!-- Button  -->\n\n            <\/div>\n\n             <!-- Modal  -->\n                         <!-- Modal  -->\n\n            \n         \n            <\/div>\n\n    <\/div>\n\n\n  <\/div>\n<\/section>\n\n\n\r\n<section \r\n  style=\"background: linear-gradient(90deg, rgba(34, 236, 187, 0.5) 0%, rgba(6, 78, 96, 0.5) 28.12%, rgba(0, 41, 75, 0.5) 100%),url(https:\/\/www.contovista.com\/wp-content\/uploads\/2022\/10\/Lounge-scaled.jpg);background-position: center; background-repeat:no-repeat; background-size: cover;\"\r\n  class=\"section contact contact--diagonal-down contact--footer-stick logo-color logo-color-white\"  >\r\n  <div class=\"container\">\r\n    <div class=\"contact__wrapper\">\r\n          <h2 class=\"white\">Not all your questions answered yet? Talk to us.<\/h2>\r\n          <p class=\"fw700 white\">Do you have questions about our finance management and analytics solutions? Simply get in touch! We&#8217;re happy to help you.<\/p>\r\n\r\n      <!-- Button  -->\r\n       \r\n                  <a \r\n        href=\"https:\/\/www.contovista.com\/en\/contact\" \r\n        class=\"btn btn--gradient\"\r\n        data-modal=\"modal-contacts\"\r\n        target=\"_self\">\r\n        Contact us \r\n        <span class=\"btn--gradient--span1\"><\/span>\r\n        <span class=\"btn--gradient--span2\"><\/span>\r\n      <\/a>\r\n      \r\n            <!-- Button  -->\r\n\r\n\r\n    <\/div>\r\n  <\/div>\r\n<\/section>","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":6399,"parent":14,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-2623","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.contovista.com\/en\/wp-json\/wp\/v2\/pages\/2623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.contovista.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.contovista.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.contovista.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.contovista.com\/en\/wp-json\/wp\/v2\/comments?post=2623"}],"version-history":[{"count":72,"href":"https:\/\/www.contovista.com\/en\/wp-json\/wp\/v2\/pages\/2623\/revisions"}],"predecessor-version":[{"id":13076,"href":"https:\/\/www.contovista.com\/en\/wp-json\/wp\/v2\/pages\/2623\/revisions\/13076"}],"up":[{"embeddable":true,"href":"https:\/\/www.contovista.com\/en\/wp-json\/wp\/v2\/pages\/14"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.contovista.com\/en\/wp-json\/wp\/v2\/media\/6399"}],"wp:attachment":[{"href":"https:\/\/www.contovista.com\/en\/wp-json\/wp\/v2\/media?parent=2623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}