As we approach the end of the year, we want to extend warm wishes for the holiday season ahead. Season’s greetings to you and yours! We are thrilled to have you as part of our community and are excited to share our latest product updates, tech trends, market & industry news with you.
Our team has been working hard to bring you the best of what we have to offer, and we can’t wait for you to see what we have in store…
Product Spotlight
GO CAT
Fast, Accurate and Secure Data Categorisation
Having trouble assessing financial data for customer decisioning outcomes? Well, you are not alone. Today we’re publishing an overview of our GoCat Data Categorisation Product and how it can improve customer experiences, reduce operational costs, and manage risk.
As the base offering for all our insight products, we have been accurately turning unstructured data into structured and meaningful clusters for over 10 years.
In order to understand the key behavioural patterns in customer transaction data, enterprises require an intelligent approach to categorisation. Our GoCat product uses several unique algorithms and data analytical models to understand critical patterns and relationships across different data sets. This module will help you to assess aspects of your customers’ spending and earning behaviours, as well as understand and utilise their interaction profiles more efficiently.
GoCat creates a logical category structure that is aligned with industry standard categorisation framework for credit decisioning.
Our categorisation product output via reports and JSON is easy to read, understand and review. We use hierarchical taxonomies to organise transactions from generic sections to specific categories where each level provides more specific data insights.
Key Features
- Output that is simple, clear and concise
- Clear overview of the most important data points
- Three-tier data hierarchy and analytical modules for fast insight generation
- Built with the highest available security frameworks and protocols
Product Highlights
- Consistent 98.5% categorisation accuracy
- 120+ Categorise across Income & Expenses
- Aggregated Case Reports for Multiple Applicants, Institutions & Accounts
- Industry Standard Categorisation Framework for Credit Decisioning
- Enriched Data Analytical Modules & Insights
To find out more about GO CAT, please reach out to info@mogoplus.com
Product Enhancements
Our Latest Hire
Earlier in September, Ken Li started as our new Head of Product Development and Engineering reporting to the Chief Data & Technology Officer (CDTO).
Ken has 20+ years experience in software development and engineering. He is a certified cloud solution architect across multiple platforms, eg AWS, Azure, IBM Cloud/Openshift, etc. Before joining MOGOPLUS, Ken had worked as solutions architect, lead integration architect, and senior tech lead for IBM, Thales Group, Sydney Water Corp, and ResMed.
Ken is a big fan of classic rock and blues music. He is also passionate about watching football matches. During holidays, he loves hiking, camping, boating and fishing…
Industry Headlines
Konsentus: Open Banking underway or live in 68 countries
According to a study by Open Finance technology and advisory services provider Konsentus, Open Banking has been adopted by 68 countries globally, with the majority electing for a regulatory-led approach. Of those Open Banking initiatives, 64% have been mandated by legislation…
ASIC to focus on hardship
ASIC has sent an open letter to 30 major lenders, urging support for customers facing financial hardship. They set out 12 expectations of lenders to meet their obligations.
“In this context, it is critically important that lenders have appropriate arrangements to respond to and support consumers experiencing financial hardship,” it said…
MOGOPLUS End of Year Office Shutdown
As the festive season approaches, we would like to inform you about our End of Year office shutdown period, which will be in effect from 25th December 2023 to 5th January 2024.
We know how important our business is, and we’ll be keeping things running over the shutdown break. Skeleton staff are available to ensure there is no service disruptions.
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