Wavre, April 2024
MyTrusty, the service for assessment of the financial health of individuals, is unveiling SpendTracker Belgium, its automated study on the expenditure of Belgians, based on banking transactions.
SpendTracker Belgium supplies essential data on numerous commercial applications, market studies, research, and so on.
Online access to this tool is completely free of charge.
Did you know that:
- Salaries are highest in the vicinity of Brussels (i.e. Flemish Brabant and Walloon Brabant), 17% more on average per month compared to Liège (the province with the lowest average salary in Belgium).
- Fuel expenses are highest in the province of Luxembourg. This is due to the fact that distances are greater and there is less public transport.
- Women go to bakeries more often than men.
- Men manage their budgeting less well and pay more in negative interest for overdrawing their accounts.
- Belgians who have a mortgage spend €767 a month on average in repayments.
- And so on….
This data showing the expenditure of Belgians and lots of other data is available in the new statistical tool launched by MyTrusty: SpendTracker Belgium.
This new tool allows us to have an accurate view of the expenditure of Belgians, based on age, region and gender, in over 40 different categories.
Data automatically gathered by MyTrusty is based on banking transactions.
MyTrusty bases its automated analysis on banking transactions to assess the financial health of individuals.
The PSD2 directive allows enterprises to access their banking transactions on condition the individual gives their consent. This innovation allows MyTrusty to offer an extremely fast automated assessment of banking transactions while avoiding any risk of fraud.
Thus, MyTrusty retrieves banking transactions from the previous months, categorises them and assesses them.
It has access to extremely valuable data on the expenditure of Belgians. This data is categorised on the basis of its own proprietary methodology that allows it to make this new interactive tool available for everyone.
While the majority of similar studies are based on data that is self-declared by consumers, MyTrusty offers, for the first time, an entirely-automated survey that is sourced from analysing the banking transactions of a representative population sample of Belgians over the age of 18.
Classification of banking transactions, one of the key elements in the solvency assessment of individuals.
This automated survey on the expenditure of Belgians brings to the forefront the power of classifying banking transactions that has been developed by MyTrusty. This allows instantaneous and accurate classification of over 80% of transactions on a bank account.
Used these days mainly to feed its assessment score of the financial solvency of individuals, this classification may also be recognised in the future for numerous other applications: marketing data on the habits of consumers (for example by brand in retail), a tool for optimising a budget, a fraud-detection tool, proof of budgetary capacity, and so on.
MyTrusty
MyTrusty is the premier solution that permits instant automated assessment of the creditworthiness of individuals based on their banking transactions. Our objective assessments provide valuable information while also protecting the data privacy of users.
MyTrusty is appropriate every time a service is supplied based on multiple, staged or phased payments.
MyTrusty assessments may be purchased by the unit on the mytrusty.eu website.
For any questions, you can contact:
Xavier Laoureux
- 0477 / 42 65 32
- x.laoureux@mytrusty.eu