Vendors Recognition

Summary

The Vendors Recognition tool is an extension of the Kontomatik Labeling service, powered by our machine learning models. It provides detailed information about the parties or companies involved in a transaction, such as stores, websites, or payment processors.

Once Vendors Recognition is activated for your account, vendors will automatically appear in new imports, much like transaction labeling. However, the vendor recognition structure differs slightly. You can learn more about this in the Transaction Analytics section of our documentation.

Currently, this service is available in Poland and Spain.

Vendors assignment rules

In addition to assigning transaction labels, our solution can also identify specific vendors involved in transactions. The labels to which the vendors are assigned, reflect their company type or the nature of their services. Each label in each transaction can have 0, 1, or multiple company names assigned. The recognition process analyzes transaction data, including: titles, amounts and regularity.

Supported services

Vendors Recognition is supported for:

• Account Information Service
• PDF Statements Parsing
• PDF Confirmations Parsing

Vendors Recognition is available through API and currently not visible in the Insight.

There is also the possibility to use it for your own data. This can be done through Owner Upload, which allows you to send your own owner and transactional data to Kontomatik servers. You can then download the aggregated data back with the Labels and Vendors already included.

List of vendors

A full list of recognized vendors can be found in this document.