Let's build the future of finance

GoCompare and Money Dashboard have combined forces to offer a free community merchant identification and transaction classification API, with real insights, that will help fintechs build the future of finance together.


The Starter Plan is available for free and the enterprise plan is available on a subscription basis

Merchant identification
Transaction categories
Salary Identification
Income verification
Mortgage affordability
More coming soon…

Categorisation - Why is it important to get it right?

Whether you are Incumbent Bank, Challenger, Insurer, Mortgage Provider or PFM; If you are dealing with transaction data, good quality categorisation should be at the heart of your journey into the world of Open-Banking

For the benefit of all FinTechs

We have a responsibility to drive innovation and create the absolute best experiences for customers. Our partnership with Money Dashboard, a successful, forward-thinking fintech brand, is a key part in the development of this vision, and our hope is that together we can help financial organisations better understand and serve their customers.

Jackson Hull
COO & CTO at GoCompare Group

We see the platform launched with GoCompare as a game-changer in an Open Banking industry that is only now beginning to develop at pace.  What is really exciting is not only the potential for the platforms to create a whole new wave of fintechs, but also that, ultimately, the end consumer is going to get much improved products and services.

Steve Tigar
CEO at Money Dashboard

You create the future and we’ll provide the foundations

Free up time and speed up innovation with an API that provides the fundamental building blocks to power innovative user experiences and products.

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Supercharge your ideas with a plan that fits your needs.


Starter plan (Free)

Enterprise plan

Merchant identification

Transaction categories

Salary identification

Income verification

Mortgage affordability


Got a question? We might have answered it below:

How can my company benefit from the Community API?

By using the Community API, you will benefit from a high accuracy rate for merchant and purpose, meaning you can tag the data you want, to build the product you want, with the highest degree of confidence.

Furthermore, our ML model never stops learning, so the data you contribute continually improves the tagging, benefiting you and the fin-tech community in a virtuous cycle.

Tagging transaction data needn’t be cumbersome, or costly, again! Simple!

What makes the GoCo/MDB Categorisation better?

The Categorisation as a Service (CaaS) system that Money Dashboard developed utilises ML models using supervised learning based algorithms. The models are trained on over 400 million transactions across three levels of purpose categories (a total of 289 categories) and over 1200 merchants.

These models leverage Money Dashboard's deep expertise in understanding the structure and format of a multitude of transactions across different banking institutions and providers.

The model performs with the highest degree of accuracy for purpose and merchant categorisation respectively.  This was verified in testing utilising an external set of transactions unseen by Money Dashboard's models, but also a set that used a different mechanism for removing PII. The models are able to handle a diverse set of transactions pre-processed using different methodologies.

What does it mean to be community-based API?

A community-based API recognises that the categorisation is essential to the UI and product building process, and that it is to the benefit of the industry as a whole to have the best categorisation possible. The community API builds on the current position by continually improving with the transactions provided by the community.

What is the cost?

The community API is free to use, and includes transaction categories and merchant identification. The enterprise API includes services such as salary identification, income verification, and mortgage affordability, and these services are provided for a fee.