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We're using machine learning (supervised learning) to categorize transactions, generally expenses. We're using our users' past months' books as our training set
by juecd 10y ago
We're using machine learning (supervised learning) to categorize transactions, generally expenses. We're using our users' past months' books as our training sets of correctly labelled data, so that we can use that data to train is really exciting for us!
- simonswords82 10y agoHow is this better than what say Xero does for reconciliation?
- juecd 10y agoXero and Quickbooks just use basic regex to match transactions, which doesn't make much sense if the transaction category isn't static, eg Amazon. We also learn categories on an aggregate level, so if your bank statement's never seen a transaction from, say Tommy's Tacos, but someone else has, we'll be able to categorize it correctly immediately.
- simonswords82 10y agoInteresting stuff. Good luck with it!