Core functionalities
Transaction categorization
Classify transactions using each vendor’s native category taxonomy. Banking OS preserves vendor-native categories and does not map them to a single cross-vendor taxonomy.
Merchant and counterparty resolution
Resolve merchant names, contact details, logos, and counterparties where the vendor supports them.
Location enrichment
Attach geographic context (city, region, country, and coordinates) when the vendor provides location signals from transaction data.
Event-driven result delivery
Publish unified outcomes to Sync Hub so multiple downstream consumers can update transaction insights, spending analytics, and customer-facing UI without polling Banking OS.
Use case coverage
Personal financial management (PFM)
Customer support
Enriched merchant and location context helps agents when customers dispute or query a transaction.Analytics and engagement
The Banking OS Unified API lets you interact with enrichment providers through standardized interfaces. You integrate once, and you can change the vendor without changing the channel.
Available financial data aggregation connectors
SaltEdge
Multi-step transaction categorization with webhook callback and optional merchant resolution.
Plaid
Single-call synchronous enrichment through Plaid Enrich with personal finance categories, merchant details, and location in one response.
SaltEdge versus Open Banking: SaltEdge also appears in Banking OS Open Banking connectors for UK and EU PSD2 compliance. Connectors in this domain use SaltEdge for data enrichment. They are separate from PSD2 consent, account information services (AIS), and payment initiation services (PIS) flows under Open Banking.