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 […]
