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, […]
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 […]
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 […]
Today, the landscape for DSA Services and Direct Selling Agent operations is ͏shifting͏ ͏fast. Historically, ͏Direct Selling Agent teams͏ ͏u͏͏sed manual risk͏͏ assessments,͏ relying on spreadsheets, gut feel, and ͏time͏͏‑intensive ͏paperwork. That approach led ͏to slow ͏decisions and higher operational ͏risk.͏ Now, emerging ͏͏AI tools ͏offer precision: predictive analytics, ͏natural language processing͏, and real-time ͏͏monitoring. […]
Late payments continue to challenge lenders, especially in India’s credit-heavy economy. According to the Reserve Bank of India, the 2024 Financial Stability Report indicates the gross non-performing assets of the scheduled commercial banks hit a multi-year low of 2.8 per cent in March of 2024. Meanwhile, higher delinquency rates have been reflected in some categories […]
Nobody in lending enjoys spending hours digging through endless bank statement PDFs. But that’s exactly what most lenders do every day. You’re drowning in loan applications, trying to make sense of random transactions and UPI payments with names like ‘XYZ123’ to decide if someone can pay back a loan. Now, what if there was a […]
If you work in lending, financial risk assessment, or credit analysis, you’ve probably seen how many hours get swallowed by just one task: You sit down with a loan application, and suddenly half your day disappears into reviewing bank statements and GST returns. Page after page of transactions. Manual calculations. Cross-checking numbers between different documents. […]
Ask any loan officer what takes up most of their day, and you’ll hear the same complaint: bank statement reviews. Think about it – if you’re spending 2-3 hours per application, that’s basically half your work week just on paperwork. No wonder loan officers are burning out. Sure, this manual approach worked fine when processing […]
In the last few years, financial forensic investigations have changed a lot. You might be surprised to learn that forensic auditors used to spend 30 to 45 days going through bank statements by hand and following money trails across several accounts. And today’s digital platforms? They can complete those same investigations in 25 to 30 […]
India’s financial landscape is shifting, and it is shifting quickly. For instance, the Account Aggregator ecosystem has crossed 100 million consents with a staggering 1059% growth in FY 2023-24, facilitating Rs 462 billion in loan disbursements just in H1 FY25. Plus, we must note that over 2.2 billion financial accounts are now enabled for data […]
