As digital lending accelerates across India, financial institutions are evaluating bank statement analysis platforms that can handle growing portfolios while maintaining accuracy and compliance. Pro Analyser is a newer platform in the bank statement analysis space. However, Precisa has led this market for years, establishing the standard that newer entrants now attempt to match. NBFCs, […]
If you’ve ever been part of a financial forensic audits, you know how long and tiring it can be. These audits are essential for spotting fraud, checking creditworthiness, and ensuring compliance. But traditional audits move at a snail’s pace. According to the International Journal of Innovative Science and Research Technology, AI can now perform real-time […]
Direct Selling Agents (DSAs) connect potential borrowers with the most suitable financial institutions and vice versa. As the number of borrowers grows, financial institutions are relying more on DSAs for loan distribution. However, as DSAs, you face stiff competition and numerous challenges; manual due diligence is one of them, which ultimately impacts DSA ratings. DSAs […]
Designed for high-value, real-time transfers, RTGS transactions are irreversible. Once money leaves an account, recovery is difficult. This means RTGS transactions are a prime target for fraudsters. For instance, in October 2025, a major scam happened in Mumbai. A victim was duped of Rs 58 crore via RTGS into various accounts under the pretext of […]
APIs (Application Programming Interfaces) now drive innovation and operational efficiency across fast-evolving technology domains. API integration enables lenders to automate bank statement analysis, replacing manual reviews with data-driven insights. This approach accelerates and standardises the process for extracting and analysing customer financial data. All lenders, including fintechs, banks, and NBFCs (Non-Banking Finance Companies), process thousands […]
Lenders have long relied on income statements to assess repayment capacity. Yet, defaults still occur among borrowers with seemingly high and stable salaries. Income tells you how much someone earns, not how consistently they manage their money. Traditional credit assessments overlook a critical factor – cash flow stability. The volatility score changes that, offering lenders […]
GST returns are now one of the most dependable indicators of a business’s financial footprint. They reflect declared revenues, tax compliance, and transaction consistency. However, when GST filings don’t align with actual bank inflows, it raises serious questions about the data credibility and borrower transparency. According to the CAG report of 2024, the authorities identified […]
Financial fraud detection is a complex and challenging task, whether you are a lender, forensic auditor, or compliance officer. Despite staying vigilant, fraudsters often find ways to circumvent systems and defraud the financial system. The Reserve Bank of India (RBI) reports a decrease in fraud cases, dropping to 23,953 in 2024-25 from 36,060 the previous […]
21st-century financial fraud leaves, not just one, but numerous digital footprints across multiple banks, wallets, and payment platforms. Today, investigators face suspects who split transactions across 5 to 20 different accounts to obscure money trails. What once involved tracking cheques and cash deposits now requires analysing UPI transactions, NEFT transfers, and cryptocurrency movements all at […]
Even with digital adoption, loan approvals in India still take considerable time. A major part of this delay comes from manual bank statement verification and financial assessment. Analysing one application traditionally takes 30 to 45 days. For a lending institution processing 100 applications monthly, that’s 3,000 to 4,500 days of cumulative work. As a result, […]
