Automated Bank Account Details Extraction Using Precisa APIs

Precisa is a comprehensive AI-powered analytics solution that allows users to analyse bank statements in real-time to check borrower credibility for quick, accurate loan approvals.

The most important step for bank statement analysis is verification of bank account number, account type, IFSC code, branch, and transaction details. These details are important to primarily verify the account and further analyse credit scores for loan approvals.

Precisa’s new feature can automatically detect more than 90% of bank account attributes with more than 80% accuracy.

The extraction of account attributes happens within seconds of the bank statement being uploaded on the platform. This then generates a smooth and quick report that is ready for verification and analysis. 

Watch the video to learn more about how to extract bank details using Precisa APIs step by step.