I am interested to know (technically) how Monzo identify recurring paymrnts and subscription purchases. I was hoping to find some a blog article on the subject but I am out of luck
I am lead to believe there is a predefined merchant list which you are using to determine common subscriptions. Is it as simple as doing a Fuzzy Lookup against a merchant list, or is there some more advanced machine learning at play here?
I am also interested to know how Monzo know the different between the likes of Sky payments, where they can bill for many different products and services under the same brand name, yet all of them aren’t necessarily recurring or subscriptions.
Would very much appreciate some insight