FinSMS

Intelligence of smart phones greatly extends the functionality of the phone. The

phone call is not just a call tool, it has become a good assistant and an indispensable

tool in people work, life, entertainment, communication and transaction processing.

Meanwhile, SMS (Short Message Service) is no longer only a text communication tool.

SMS has gradually become a tool of receiving verification information, accessing to the

notification and transaction confirmation. With the development of fast payment system

such as online banking, Paytm, PayPal, BHIM, TEZ, Amazon Pay, PhonePe etc., people

prefer more and more online payments where SMS is extensively used in verification and

transaction confirmation. In addition to above SMS plays an important role in bill

reminders, transaction details of the mutual funds or share markets, other transaction

details (like ATM transaction, shopping transactions on online sites and many more…),

password reset messages, online complaints confirmation and many more. So, it is

evident that SMS contains vital information regarding financial transactions of an

individual and hence statistical analysis of Mobile SMS becomes significant and

promising.