Bank Statement Analysis
In today's financial landscape, understanding the financial health of prospective borrowers is paramount. Whether you're a lender, a bank, an NBFC, or another financial institution, the ability to analyze bank statements accurately and efficiently is crucial. ScoreMe's Bank Statement Analysis service is designed to tackle this challenge head-on, providing you with an innovative, AI-driven solution that simplifies the analysis process, saving you time, money, and resources.
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Why Bank Statement Analysis Matters
Bank statements are a reliable source of information that gives visibility into all transactions and the trends of a prospective borrower over time. However, analyzing these statements manually comes with several challenges:
Borrowers submit bank statements in various formats, including digital PDFs, scanned PDFs, or printed hard copies.
Depending on your lending policies, you may need to analyze 3, 6, 9, or 12 months of data.
Bank statements often come with different narrations and layouts specific to each bank.
Manually inspecting and analyzing borrower data is tedious and prone to errors.
Why Choose Finana?
Bank statements provide rich insights into a customer’s financial behavior — but extracting and interpreting that data is often challenging due to:
Inconsistent formats
Inconsistent formats (digital PDFs, scanned images, different layouts)
Variable periods
(3 to 12 months, depending on policy)
Unstructured narrations
and transactional complexity
Manual reviews
that are error-prone and inefficient
How It Works
A streamlined 4-step journey to actionable insights
Submit the borrower’s bank statements in any format.
Finana uses AI and ML to read, clean, and analyze the data.
Access dynamic dashboards with views, trends, and risk alerts.
Download full reports or integrate insights into your credit workflow.
Benefits at a Glance
Benefits of Using ScoreMe’s Bank Statement Analyzer
High Accuracy
Reduce human error and ensure consistent results
Time-Efficient
Process statements in minutes, not hours
Cost-Effective
Lower operational cost per analysis
Scalable
Analyze thousands of statements daily
Secure
End-to-end encryption and audit trails
Frequently Asked Questions
Bank statement analysis
How Finana Analyzes Bank Statements
Discover how Finana simplifies loan processing by transforming raw bank data into actionable insights — automatically and intelligently.
Automated Data Extraction
Bank statement analysis involves extracting transaction details such as dates, amounts, descriptions, and balances from PDF statements using tools like Optical Character Recognition (OCR) or pre-structured parsers.
Transaction Categorization
By analyzing the extracted data, transactions can be categorized into different types (e.g., income, expenses, utilities, loans) for a clearer understanding of spending patterns and financial health.
Insight Generation and Reporting
The processed data can generate insights such as cash flow trends, unusual activities (like overdrafts or suspicious transactions), and financial summaries. These insights can be visualized in reports for informed decision-making..
Ready to Get Started?
See how Finana can transform your loan processing with AI-driven bank statement analysis. Increase speed, accuracy, and approval rates.
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