Understanding your bank statement in 100ms
Chady Dimachkie, Robin Kahlow, Dr. Jonathan Kernes, Dr. Ilia Zintchenko
In the last year, the global number of fintech companies has nearly doubled. Yet, despite the rapid growth, there is one area of banking that has been notoriously difficult to modernize: financial transactions. More than 1 billion transactions occur every day around the world. Transactions are different in every country and language, require knowledge of every merchant and location, depend on the context of the surrounding parties involved and are specific for each use case. At Ntropy, we enable developers to parse financial transactions in under 100ms with super-human accuracy, unlocking the path to a new generation of autonomous finance, powering products and services that have never before been possible. We will for the first time discuss the key parts of our pipeline, made possible by the latest advancements in natural language understanding and unsupervised learning.