Constellation partners with Segmint to revolutionize transaction data

Cuyahoga Falls, April 27, 2021 (GLOBE NEWSWIRE) – Constellation Digital Partners, the first single open development platform for digital banking services, has announced a new partnership with data and analytics company, Segmint® enrich Constellation’s customer transaction data for its digital banking platform to include mobile and online banking

Segmint’s merchant payment cleanup solution is a critical capability that enables financial institutions to better understand customer transaction behavior and model spending patterns, turning complex and difficult-to-use data into actionable insights that improve business performance. customer experience, investment analysis and modeling.

“Our data cleansing services are industry leading in speed, accuracy and scale, providing the ability to model spending and behavior patterns at the transaction level. The essential partnership with Constellation has accelerated the ability to standardize a data framework to support the development of their extended platform while providing enriched data for analysis, ”said Nate Shahan, Chief Product Officer of Segmint.

Transaction descriptions are often cryptic and non-descript, with a plethora of unique transaction variants for a single trader, making it difficult to distill into a trader’s brand name. Customer transactions are analyzed through Segmint’s two-pronged process to include automation and human search, resulting in highly accurate name match and categorization results with target specificity.

Constellation is a unique, fully realized, open development platform that disrupts the cumbersome legacy structure of credit unions’ relationships with their digital banking technology provider. A critical facet is the exposed framework for the service developer community to create digital banking experiences, solve business operations issues and financial literacy. The Merchant Payments Cleanup Solution provides these developers and credit unions with clean data, adding greater value to any service. Constellation’s open platform enables credit unions to access a variety of financial services to provide members with enhanced digital experiences.

“As we deliver a completely new approach to next-generation digital for our credit unions, our foundational partnership with Segmint will propel further enrichment and empowerment of transaction data for Constellation credit union members, while providing a enhanced digital user experience as part of our open development. Said Kris Kovacs, President and CEO of Constellation Digital Partners.

Adam Craig, President of Segmint added, “The end-to-end Merchant Payment Cleansing solution fuels innovation in transaction data, a perfect complement to Constellation’s state-of-the-art platform. Our combination of AI, combined with adding ‘real humans’ to our process, produces very accurate results and ranks us among the best of our competition with the most complete and highest match rate in the industry. “

About Constellation Digital Partners, LLC

Constellation created the first open development platform – providing a patented, secure and flexible cloud ecosystem that enables credit unions and developers of innovative applications to deliver safe, reliable and next-generation digital financial services experiences. Constellation gives credit unions the freedom to compete, innovate and thrive in the financial services industry by redefining what they can offer, delivering digital financial services in a way that allows them to place members at the center of their business strategy. Visit www.constellation.coop to learn more. And, connect with Constellation on Twitter, Instagram (@ConstellationDP), Facebook and LinkedIn.

About Segmint

Segmint enables financial institutions and financial technology providers to easily understand and operate data, interact with customers, and measure results. Derived from billions of transactions, Segmint delivers the fastest and most accurate customer information through advanced labeling, categorization and contextualization of data. Our knowledge enables all functions of an organization to inform strategies, including competitive analysis, risk, marketing, customer experience and product innovation.

For more information, visit www.segmint.com.


        

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