Why use Nordigen on top of Truelayer data:
- Rich transaction categorisation
Nordigen provides a transaction categorisation service that ensures a high level of accuracy and identifies more than 120+ categories of transactions. - Great country coverage
Nordigen provides valuable insights based on Truelayer data in almost any market you currently use Truelayer or plan to use it. Truelayer currently supports only UK with its Insights API. - Compatible with all major open banking providers
Nordigen provides the same output regardless of which open banking provider you use. Even if you aggregate data from Truelayer and other providers at the same time — Nordigen will make sense of all your account data and will provide the one coherent output across all countries and on top of any provider. - Enterprise features: more advanced models and dashboards
Nordigen offers a list of Enterprise-level features including advanced scoring models and predictive features for data scientists as well as visual dashboards for credit risk specialists.
Step 1: get bank data with Truelayer
Truelayer provides an account aggregation service that includes acquiring consent from end-users, connecting to their bank account and acquiring the end-users account information. According to Truelayer’s API documentation, the output files from Truelayer are JSON that contain raw bank account data, i.e end-user’s transaction history.
Step 2: enrich bank data with Nordigen
Nordigen provides a set of products that can be used on top of default Truelayer data Nordigen API. To integrate with our API, you can follow our short integration guide or dive right in to our developer-friendly API documentation.
🚀 Good news — Nordigen supports the default Truelayer JSON format, which simplifies the API integration process for all Truelayer users.
Nordigen products that are typically used on top of Truelayer data include:
- Transaction Categorisation- categorise transaction data with high accuracy
- Income Insights- verify end-user’s income amount, source and stability
- Loans Insights- verify active liabilities and recent loan repayments, based on the loan type
- Risk Insights- identify high-risk end-user behaviours and credit risk-related data points
- Simple Score- measure the credit risk level based on end-user’s transaction history
- Marketing Insights- identify end-user’s interest in specific fields (e.g. brands, products, etc.), based on their spending behavior.
If you’re already using Truelayer, the integration with Nordigen is very straightforward:
- Get the raw data file from Truelayer via API,
- Send the raw data file to Nordigen via API ( following our simple API docs );
- Get the enriched data file from Nordigen via API in seconds.
The file processing on Nordigen side typically takes 5–15 seconds. Larger Truelayer files (with longer transaction history) can sometimes take more time to process.
Ready to get started?
Sign up to our self-service platform and start building. If you have any questions, our development team is here to help you: support@nordigen.com
Get Free Access to Account Information today or learn more about Nordigen’s Account Information product.
Connect to bank accounts and get raw transaction data. Free access to regulated banking data in Europe.
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