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Understanding Precisa

Why Choose Precisa as Your Trusted Bank Statement Analyser?

November 29, 2022 precisateam No comments yet
Why-Choose-Precisa-As-Your-Trusted-Bank-Statement-Analyser

Precisa is a cloud-based bank statement analyser with intelligent automation designed for decision-makers in the lending, insurance, wealth management, and personal finance industries.

It can help reduce NPAs, create risk profiles, and make smart lending decisions with features like:

1. All Bank Accounts Analysis

In addition to providing analysis at an individual bank account level, Precisa’s bank statement analyser also provides a combined analysis of multiple bank accounts.

2. Fraud Detection

Precisa’s bank statement analyser detects and flags 12 different types of irregularities, such as RTGS transactions under ₹2,00,000 and round figure tax payments, that may be fraudulent.

3. Top-Notch Counterparty Detection

The Counterparty tab shows detailed data on a business’s benefactors and recipients, providing insights into the key people the business is dealing with.

4. Broad Bank and Format Coverage

Precisa supports 390+ Indian and international banks and 850+ formats. You can also add a new bank format to the bank statement analyser, with support available within 4-8 hours.

5. Mature API Availability

Integrating Precisa’s bank statement analyser into any existing application is easy and secure.

Make Smarter Decisions With Precisa

With our user-friendly bank statement analyser, we aim to make the analysis process simpler while providing actionable insights on an easy-to-use dashboard so that you can make better lending decisions.

Request a free demo today!

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June 13, 2025 precisateam No comments yet

Delinquencies in India increased by 44% among personal loan borrowers between Dec ’23 and June ’24. This highlights the importance of accurate and informed decision-making during loan approvals and, more importantly, the need to rethink how lenders approach cash flow analysis of individual and commercial borrowers. Although conventional lenders in India, including banks, typically rely […]

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Why is alternative credit scoring gaining momentum in India? Before exploring the reasons, let’s take a quick look at the context. Lenders disbursed over 383 million loans in FY 23-24 alone. Even though the financial market has shown this phenomenal growth, more than 160 million Indians remain “credit invisible”. In fact, 22% of Indian adults […]

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The total value of loans in India increased by 11.5% in December ’24 compared to the same period in the previous year. Additionally, the loan growth rate in India remained steady at around 11.8% between 2012 and 2024, highlighting the increasing demand for credit within the Indian economy. Despite these positive trends, around 30-35% of […]

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