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Bank Statement Analysis

New Category Tab: Simplifying Cash Flow Analysis for Banks

July 17, 2021 precisateam No comments yet
Analyse-Account-InFlow-and-OutFlow-the-Easy-Way-with-Precisa

Bank transactions can reveal a customer’s preferences, spending patterns, and risk factors if you can create structured features from their unstructured text. Precisa automatically detects the context or purpose of transactions in the bank statement based on its description. For example, if the transaction is ECS/BAJAJ FINANCE LI/7UPBFR809765435 Precisa will automatically detect that this payment belongs under the category “Loans”.

Precisa classifies transactions into inflow & outflow categories:

  • Outflow Categories – Utilities (electricity, telephone, water, gas), Insurance, Interest, Bank charges & fees (Charges, Minimum balance charge, Foreign exchange), Investments (Fixed Deposit, EMI – SIP), Loans (Close loan, EMI – loan repayment, Debt servicing), Cash withdrawal, Other
  • Inflow Categories – Salary, Non-business inflow, Promoter funds, Loans (New loan), Cash deposit, Other

Precisa’s ready-to-use and easy-to-understand categories data is available at the individual Bank Account levels and also across all the Bank Accounts belonging to a customer. This data can be used following purposes:

  • Lending – for verification of real income & active loans, gaining insight into active liabilities, identifying unusual behaviour like high-value cash deposits or withdrawals or non-business inflow.
  • Personal Finance Management – for tracking expenses and budget planning.
  • Automated Bank Statement Analysis
  • Bank Financial Statement Analysis

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DSA Digital Transformation
Understanding Precisa

How Precisa’s Multi-User Financial Analysis Platform Serves Different Teams

August 18, 2025 admin No comments yet

Lending has never been a one-person job. Credit risk managers, compliance officers, and other financial teams must review the same applicant bank statements before making a decision. However, doing this manually without the right financial analysis platform can lead to costly errors. Consider this: data shows that 43% of occupational frauds were caught through tips, […]

Automated Transaction Categorisation
Bank Statement Analysis

How Automated Transaction Categorisation Transforms CA Workflows

August 11, 2025 admin No comments yet

For Chartered Accountants (CAs) managing large volumes of financial data, manual transaction categorisation continues to be a time-intensive operational hurdle. It diverts valuable hours away from strategic tasks such as advisory, compliance reviews, and financial analysis. With the growing complexity of digital payments, multi-account statements, and fragmented transaction narratives, traditional classification methods are no longer […]

14 Red Flags in Bank Statements
Bank Statement Analysis

14 Red Flags in Bank Statements That Predict Loan Defaults

August 4, 2025 admin No comments yet

Loan defaults are surging in India, especially for small-ticket and unsecured loans sectors. According to new data from March 2025, delinquencies (overdue by 90 days) spiked to 3.6%. Default rates are notably high among young borrowers and those in tier-3 cities. While traditional risk-scoring methods work fine, they rely heavily on credit history and CIBIL […]

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