Categorization New Features & Updates

Dear Valued Partner,

We are excited to announce a significant enhancement to our finX API, that is designed to streamline and enrich your experience. In our ongoing commitment to provide exceptional service and functionality, we are introducing a new feature in the upcoming update to the finX API, version 2.8.

1. New Category ID “233 - Other Expenses” 

In our continuous efforts to ensure our engine captures all of the incoming transactions, we have implemented a new logic on our engine which ensures that transactions which do not get a category enriched by our engine, and thus receive the category “Others”, will be classified as “Income / Revenue” or “Other Expenses”

With this modification, we leave no room for any transaction to be unclassified, and achieve a 100% coverage on all transactions flowing into our engine. 

2. Multilingual Support for Get Transactions Endpoint

Starting from the next update, you will have the ability to define the language in the header of the API request when using the Get Transactions endpoint. 

This enhancement is aimed at providing greater flexibility and customization to suit your diverse business needs. Available languages are German, English and Spanish.

How This Benefits You

1. Improved User Experience: The ability to interact with the API in multiple languages ensures a smoother and more intuitive user experience for your team.

2. Enhanced Accessibility: Catering to English, German, and Spanish speakers, this feature broadens the accessibility of our services, aligning with your global business strategies.

3. Seamless Integration: This multilingual feature is designed to integrate seamlessly with your existing systems, ensuring a smooth transition and minimal disruption to your operations.

Implementation

• Simply specify your preferred language in the header of your API request.
• Our updated documentation will guide you through this simple yet powerful enhancement.

Rollout Schedule

The rollout to production of this update will commence on March the 13th. We encourage you to review our updated documentation, which provides detailed guidance on how to utilise this new feature.

Support and Feedback:

Our team is here to ensure a smooth transition and assist with any queries you may have. Do not hesitate to reach out for support or to share your feedback, which is invaluable in our journey of continuous improvement.

Thank you for your continued partnership. We are enthusiastic about this new development and confident that it will contribute significantly to the efficiency and effectiveness of your operations.

Warm regards,

Your Qwist Team