Method and system for automatically categorizing financial transaction data

A method for automatically categorizing financial transaction data comprising:

• defining first and second financial transaction categories;
• defining a threshold financial transaction data segment score such that financial transaction data including a financial transaction data segment having a category financial transaction data and financial transaction data including a financial transaction data segment score greater than the defined threshold financial transaction data segment score is identified as potential first financial transaction data segment having a financial transaction data segment score not greater than the defined threshold financial transaction data segment score is identified as potential second financial transaction category financial transaction data;
• generating threshold financial transaction data segment score data representing the defined threshold financial transaction data segment score;
• obtaining historical financial transaction data, the historical financial transaction data representing historical financial transactions conducted by one or more parties, the historical financial transaction data including historical financial transaction categorization data indicating a financial transaction category assigned to the historical financial transactions represented in the historical financial transaction data;
• processing the historical financial transaction data to generate historical financial transaction data segment data, the historical financial transaction data segment data representing identified historical financial transaction data segments;
• for at least one identified historical financial transaction data segment represented by historical financial transaction data segment data, correlating the historical financial transaction data segment data representing that historical financial transaction data segment to historical financial transaction category data representing the historical financial transaction category assigned to the historical financial transaction represented in the historical financial transaction data including the historical financial transaction data segment to generate correlated historical financial transaction data segment data and historical financial transaction category data;
• obtaining current financial transaction data representing a financial transaction associated with a user;
• normalizing the current financial transaction data to generate normalized current financial transaction data;
• processing the normalized current financial transaction data to generate current financial transaction data segment data, the current financial transaction data segment data representing identified current financial transaction data segments;
• for at least one identified current financial transaction data segment represented by current financial transaction data segment data, obtaining the correlated historical financial transaction data segment data and historical financial transaction category data for that current financial transaction data segment to determine a current financial transaction data segment score;
• for at least one identified current financial transaction data segment represented by current financial transaction data segment data, generating current financial transaction data segment score data representing the determined current financial transaction data segment score associated with the current financial transaction data segment data;
• for at least one identified current financial transaction data segment represented by current financial transaction data segment data, analyzing and comparing the determined current financial transaction data segment score data associated with the current financial transaction data segment data and the threshold financial transaction data segment score data representing the defined threshold financial transaction data segment score;
• and
• if the determined current financial transaction data segment score associated with the current financial transaction data segment data as represented by the current financial transaction data segment score data is greater than the defined threshold financial transaction data segment score represented by the threshold financial transaction data segment score data, transforming financial transaction categorization data representing a financial transaction category assigned to the current financial transaction data to financial transaction categorization data identifying the current financial transaction data as potential first financial transaction category financial transaction data.

A method for automatically categorizing financial transaction data comprising:

• defining business and personal financial transaction categories;
• defining a threshold financial transaction data segment score such that financial transaction data including a financial transaction data segment having a financial transaction data segment score greater than the defined threshold financial transaction data segment score is identified as potential business financial transaction category financial transaction data;
• generating threshold financial transaction data segment score data representing the defined threshold financial transaction data segment score;
• obtaining historical financial transaction data, the historical financial transaction data representing historical financial transactions conducted by one or more parties, the historical financial transaction data including historical financial transaction categorization data indicating a financial transaction category assigned to the historical financial transactions represented in the historical financial transaction data;
• processing the historical financial transaction data to generate historical financial transaction data segment data, the historical financial transaction data segment data representing identified historical financial transaction data segments;
• for at least one identified historical financial transaction data segment represented by historical financial transaction data segment data, correlating the historical financial transaction data segment data representing that historical financial transaction data segment to historical financial transaction category data representing the historical financial transaction category assigned to the historical financial transaction represented in the historical financial transaction data including the historical financial transaction data segment to generate correlated historical financial transaction data segment data and historical financial transaction category data;
• obtaining current financial transaction data representing a financial transaction associated with a user;
• normalizing the current financial transaction data to generate normalized current financial transaction data;
• processing the normalized current financial transaction data to generate current financial transaction data segment data, the current financial transaction data segment data representing identified current financial transaction data segments;
• for at least one identified current financial transaction data segment represented by current financial transaction data segment data, obtaining the correlated historical financial transaction data segment data and historical financial transaction category data for that current financial transaction data segment to determine a current financial transaction data segment score;
• for at least one identified current financial transaction data segment represented by current financial transaction data segment data, generating current financial transaction data segment score data representing the determined current financial transaction data segment score associated with the current financial transaction data segment data;
• for at least one identified current financial transaction data segment represented by current financial transaction data segment data, analyzing and comparing the determined current financial transaction data segment score data associated with the current financial transaction data segment data and the threshold financial transaction data segment score data representing the defined threshold financial transaction data segment score;
• and
• if the determined current financial transaction data segment score associated with the current financial transaction data segment data as represented by the current financial transaction data segment score data is greater than the defined threshold financial transaction data segment score represented by the threshold financial transaction data segment score data, transforming financial transaction categorization data representing a financial transaction category assigned to the current financial transaction data to financial transaction categorization data identifying the current financial transaction data as potential business financial transaction category financial transaction data.