Case Study: a leading bank in the Czech Republic achieves automated categorization of 98.5% of card transactions with Adastra

Banka boosts card transaction categorization accuracy by 40% with Adastra

The customer, a leading bank in the Czech Republic, faced the challenge of needing to automatically assign a unique category to its millions of daily banking transactions. To address this, the bank engaged Adastra to develop a solution.

Adastra developed an application that consolidates all categories into a single categorization tree, which automatically processes 2.1 million transactions daily. This solution resulted in a 2x increase in categorized card transactions and a 40% increase in categorization accuracy, enabling the bank to better understand financial behavior, personalize customer communication, and provide improved advisory services.