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Your partner bank rejects another application. Third one this month. The reason? “Applicant creditworthiness concerns.” But the salary looked solid, the CIBIL score was decent, and the statements seemed clean. But here’s what happened: somewhere in those 60 pages of bank statements, an irregularity signalled high risk. Your manual review missed it. The bank’s automated […]
Your underwriter approved a Mumbai trading firm in 48 hours. Clean documents, stable cash flow, CIBIL score of 730. Eight months later, it’s restructured. The Jaipur application you rejected last week? Your competitor funded it, and it’s performing. Same underwriting model. Same credit policies. Different states, different outcomes. India’s ₹46 lakh crore small business credit […]
Customer cash flows change daily. Seasonal swings, gig incomes, and billing cycles make a single financial snapshot unreliable. Quarterly or monthly reviews hide deterioration for weeks or months. By the time you spot a problem, the borrower may already be late. To manage risk earlier, lenders need visibility that updates as cash flows change. Real-time […]
Your underwriting team approved a ₹10 lakh loan yesterday. The bank statement showed stable income and salary deposits within the first week of the month. However, they missed a monthly withdrawal of ₹ 60,000 on the same date for six consecutive months. Is it something that requires further investigation, or does the account holder have […]
The surge in the lending market in India is already expected to reach $724.2 billion by the end of this year. This requires lenders to rely on intelligent solutions that expedite and strengthen decision-making. Lenders need bank statement analysis tools that go beyond basic document review. They need platforms that extract actionable insights from raw […]
When it comes to financial forensic audit, time directly affects outcomes. Many audit firms still spend 30–45 days manually reviewing bank statements, reconciling transactions, and tracing fund movements across accounts. These delays usually arise from unstructured data, inconsistent bank formats, and the need for manual cross-verification, all of which slow investigations and increase operational risk. […]
Tracing the movement of funds, or mapping money trails, is a core task for forensic investigators, auditors, and underwriters to uncover cases involving fraud, tax evasion, and financial irregularities. In India, financial crimes often involve complex layers of transactions, and bank statements are a valuable source that aid investigators in uncovering irregularities. Bank statements are […]
Do you rely on bank statements to get an accurate picture of the borrower’s financial health, and does the statement you got look perfect? If so, you need to scrutinise the document more carefully to determine whether the statement has been staged. Spotting circular transactions could be a good place to start. Circular transactions involve […]
When you review bank statements, similar-looking applications can hide very different business models. One applicant might show dozens of small daily credits totalling ₹50,000, whilst another receives just three large payments of about ₹15 lakhs a month. The revenue is similar, but their risk profiles aren’t the same. Bank statements reveal the difference between B2B […]
NBFCs today operate in a lending environment where financial crime risks evolve faster than traditional controls. Regulators expect institutions to demonstrate continuous monitoring, documented controls, and proactive reporting. The FIU-IND received 4,36,287 STRs in FY 2022–23, highlighting how widespread suspicious activity continues to be across the financial system. Against this backdrop, NBFCs must go beyond […]
