An important indicator in understanding raw bank transactions is the ability to detect patterns. Many of the key financial components, like income or living expenses, repeat itself in a relatively fixed pattern. The following table shows the different patterns that we detect.

• Weekly

• Biweekly

• Monthly

• Bimonthly

• Quarterly

• Halfyearly

• Yearly
  

The recurring detection information is exposed in two ways via our APIs: the individual bank transactions provided in the /enrichment/transactions endpoint have specific attributes that indicate their recurring nature. These are recurring, recurringFrequency and recurringStreakId. The latter is a reference to the output of the /enrichment/recurring-streaks endpoint. This API provides an aggregated view of all recurring groups of transactions (ie 'streaks'). This API also provides other statistics, such as the min/max amount of the streak, or the forecasted next amount and date of the streak.

Scenarios supportedCopied!

• Variable amounts

• Changing counterpartyIban or counterpartyName

• Special known scenarios, like holiday money, energy settlements or insurance payouts

• Missed months (e.g. with rent or tax payments)