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Understanding Precisa

Leverage Precisa’s API Integration to Credit More Loans With Less Work

November 25, 2022 precisateam No comments yet
Leverage-Precisas-API-Integration-To-Credit-More-Loans-With-Less-Work

Precisa’s bank statement analyser is a cloud-based analytics solution with smart automation designed for decision-makers in lending, insurance, wealth management, and personal finance.

Bank statements are good indicators of a business’s or individual’s income, expenses, and spending patterns. Analysing the data from bank statements gives a reliable picture of the applicant’s current performance and future growth prospects.

And we aim to simplify this analysis process with our easy-to-use bank statement analyser. It allows you to fetch the data in real-time from the source or upload bank statements & GSTR documents. Moreover, it presents actionable insights in a user-friendly dashboard.

Precisa’s bank statement analyser extracts data from the bank statements, classifies and categorises transactions, analyses the data, detects fraudulent transactions and other anomalies, and assigns an overall creditworthiness score.

Spend More Time Lending and Less Time Analysing

Our bank statement analyser can be used as a stand-alone Web app or integrated with an existing Loan Origination, Loan Management System, or any other system using APIs. Now lenders can prepare quick loans for borrowers by providing relevant, accurate, and timely data.

With the integration of Precisa’s bank statement analyser’s application programming interface (APIs), lenders can now add real-time financial data analytics capability to their existing applications.

To know more, book a free demo today.

  • API To Get Bank Transactions
  • digital lending
  • precisa

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Bank Statement Verification
Bank Statement Analysis

Why Bank Statement Verification Fails: Human Element Behind Digital Lending Mistakes

May 31, 2025 precisateam No comments yet

Although technological advancements have revolutionised and streamlined bank statement verification, a few problems persist – fake or tampered bank statements. Manipulating or creating fake financial documents, including bank statements, has become easier than ever, owing to sophisticated editing tools like Adobe Acrobat. Today, around 5% of all financial documents submitted through online channels are tampered […]

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In 2023, India’s gross non-performing assets (NPAs) stoo͏d at͏ o͏ver ₹6 lak͏h crore. Muc͏h ͏of͏ this is blamed ͏on late detection ͏of credit stress. Ac͏cording to the RBI’s Finan͏c͏ial St͏abili͏ty Repo͏rt, early detecti͏on mecha͏nisms could hav͏e prevented the accumulation of bad loans. Yet, many lenders s͏ti͏ll s͏truggl͏e with setting up robu͏st early warning signals in […]

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India’s corporate credit ecosystem has seen remarkable growth in FY 2024–2025. Here are a few figures that support this trend: The total outstanding bank credit to business (including industry and services) increased to ₹82.73 lakh crore in March 2024, with a 16.3% year-on-year growth. Corporate loans to large enterprises grew by 7%. The retail loan […]

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