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What is Snowdrop MRS?

Snowdrop Solutions helps banks, fintechs and financial institutions turn raw transaction data into accurate, contextual and actionable financial information. Its Transaction Enrichment API adds merchant names, logos, locations, categories and contact details to transaction and payment data, while smart categorisation improves data consistency. Snowdrop supports digital banking, personal financial management (PFM), spending analysis, financial insights and customer personalisation. Its AI capabilities transform enriched transaction data into natural-language insights and personalised financial guidance, helping financial institutions move beyond simply displaying transactions to helping customers understand their financial activity.

What is Basiq?

Basiq is the leading open banking platform that empowers developers to innovate with advanced financial solutions. We ensure secure access to financial data that users have agreed to share, coupled with powerful APIs that unveil essential insights. Our platform is pioneering the evolution of financial applications and services across various industries, such as wealth management, banking, and fintech. By leveraging our extensive and reliable banking data, you can significantly improve digital banking experiences, making them more engaging and tailored to individual users. Our advanced income algorithms facilitate the precise identification of diverse income streams, which range from regular to variable and casual sources, thereby streamlining personal assessments and speeding up lending decisions. Furthermore, we empower customers to gain a more profound understanding of their spending behaviors, which enhances their digital experience. Through the use of Basiq Enrich, you can identify the merchant, location, and category related to every bank transaction, offering invaluable context for users' financial interactions. This process not only cultivates enhanced financial awareness but also leads to increased overall customer satisfaction, encouraging users to take a more active role in managing their finances. Ultimately, Basiq positions itself as an essential tool for developers seeking to drive innovation in the financial sector.

Media

Media

Integrations Supported

Google Cloud Platform
Google Maps

Integrations Supported

Codat
ForwardAI
Precise API
TaxTank
ezidox

API Availability

Has API

API Availability

Has API

Pricing Information

custom

Pricing Information

$0.39 per user per month

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Webinars
Online Training

Training Options

Documentation Hub

Company Facts

Organization Name

Snowdrop Solutions

Date Founded

2013

Company Location

United Kingdom

Company Website

www.snowdropsolutions.com/transaction-enrichment

Company Facts

Organization Name

Basiq

Date Founded

2017

Company Location

Australia

Company Website

basiq.io

Categories and Features

Financial Data APIs

Not specified

Categories and Features

Embedded Finance

Not specified

Financial Data APIs

Not specified

Open Banking

Not specified

Open Finance

Not specified

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