Data Science Solution Development for the Fintech Sector

Merchant recognition solution based on machine learning.

leverx

Merchant recognition solution based on machine learning.

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Customer

Data collection service company.
PAIN

Challenge

Insufficiency of data for the attraction of relevant audiences and maintenance of the desired level of customer retention.
SOLUTION

Solution

Data science application based on machine learning that allows banks to extract valuable data about merchants for further analysis, which results in stronger strategy-building.

Solution’s Description

Leverx Group works with companies and organizations to address the complex challenges of today's business world. Each of our partners is an experienced, innovative, and proven leader in their respective fields.

Automotive

SAP PLM is a solid basis for the automotive industry. This solution helps digitize and automate manufacturing processes and work more efficiently with suppliers and partners.

Aerospace & Defense

The solution allows aerospace and defense companies to reduce the time to market for innovations without compromising safety while simulating innovation scenarios along a complex value chain.

Food & Beverage

SAP PLM provides the food & beverage industry with all the required technologies that help to develop sustainable, traceable, high-quality products within a shorter time.

Consumer Goods

With SAP PLM, this industry can exceed the diverse expectations of consumers and enable sustainably and profitably growth for the business.

Pharma

SAP PLM helps to make pharmaceutical production more effective and with lower risk.

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Key Features

Leverx Group works with companies and organizations to address the complex challenges of today's business world. Each of our partners is an experienced, innovative, and proven leader in their respective fields.

Automotiveffff

SAP PLM is a solid basis for the automotive industry. This solution helps digitize and automate manufacturing processes and work more efficiently with suppliers and partners.

Aerospace & Defense

The solution allows aerospace and defense companies to reduce the time to market for innovations without compromising safety while simulating innovation scenarios along a complex value chain.

Food & Beverage

SAP PLM provides the food & beverage industry with all the required technologies that help to develop sustainable, traceable, high-quality products within a shorter time.

Consumer Goods

With SAP PLM, this industry can exceed the diverse expectations of consumers and enable sustainably and profitably growth for the business.

Pharma

SAP PLM helps to make pharmaceutical production more effective and with lower risk.

How Does the Solution Work?

The principle of how the delivered solution works can be described as follows:

  1. A customer makes a purchase with a debit or credit card.
  2. Brief information about the purchase (where it took place, the name of a merchant, MCC code, etc.) is sent to the bank.
  3. From a banking server, the info transfers to the server of the data science solution we worked on.
  4. Servers browse for the merchant’s information to define — with the help of machine learning — what products or services the merchant provides.
  5. In accordance with the extracted data, the solution determines categories related to the merchant and sends this information to the bank.

Technologies Used

Merchant classification

  • Gensim
  • Doc2vec
  • tf-idf
  • logistic regression

URL Scoring

  • XGBoost
  • LightGBM
  • Log Regression
  • Optuna

Product recognition

  • Default Python
  • Numpy
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Document Management

  • Document Release
  • Material Master Release and Extension
  • Sales Order Release
  • Manufacturing Instruction Release
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Request Management

  • Procurement Request
  • Tooling Change Request
  • Shop Floor Issue Request
  • Customer Issue Request
  • Plant Maintenance Work Request
  • Request for Quote

RESULTS

Promptly addressing challenges during development, including those related to invalid URLs, and compiling a list of products for system recognition, our team provided the client with a well-thought-out solution that gathers important information about merchants and customer behavior. With such a system, the client can strengthen their position in the market of data collection service providers, offering it to banks that can use it to extract useful information.

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