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Automated Bank Statement Analysis

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Bank Statement Analysis

Fraud Indicators and Checks a Bank Statement Analyser Should Pick

April 29, 2021 precisateam No comments yet

A bank statement is the most basic and critical document that aids in assessing a loan applicant’s creditworthiness. Every SME or lending institution relies on bank statements to provide valuable insight into the borrower’s income and spending patterns. The Bank Statement Analyser or BSA is an automated engine that examines bank statements by combining effective […]

BSA-Chart
Bank Statement Analysis

Bank Statement Analysis 101

April 27, 2021 precisateam No comments yet

For banks, NBFCs, and other similar financial institutions, lending is one of the primary sources of revenue and also one of the most profitable ones. With a rise in financial literacy in India, the number of borrowers has increased and consequently, so has the number of payment defaulters. This has forced lending institutions to deploy […]

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