Running a bank statement analysis and a GSTR analysis in separate passes is the standard approach for most credit teams. Precisa supports both. Each gives you something useful on its own. The problem is that neither tells you whether the two pictures of the borrower are consistent with each other. A business can show clean […]
Overdraft and cash credit accounts tell a story that most credit teams under-read. The sanctioned limit is noted, the current balance is checked, and the file moves on. But the utilisation pattern across months (how often the borrower pushes close to the limit, how many days they stay overdrawn, where the balance sits on average) […]
India’s credit ecosystem is under pressure. Lenders, forensic auditors, and compliance teams are processing more applications, handling more data, and carrying more regulatory risk than ever before. Choosing the right financial analysis platform isn’t a minor decision anymore. Precisa and Perfios are both well-regarded names in this space, but they serve fairly different needs. Perfios […]
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, […]
We’re excited to announce the release of the most significant update of Precisa, delivering enhanced Pay-Per-Use capabilities and automatic government benefits detection in transactions. This release addresses the top user requests for flexible credit purchasing whilst advancing financial inclusion through intelligent transaction categorisation. Available now for all Precisa users, this update fundamentally changes how lenders […]
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, […]
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. […]
Financial Due Diligence has traditionally consumed 2-3 hours per loan application, creating a significant bottleneck for lending institutions. 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 […]
India’s demand for credit is vast, yet a significant portion of the population lacks formal credit access. For example, in the MSME sector, only 14% of businesses have access to formal credit mechanisms. The challenges in assessing borrowers’ creditworthiness are one of the main reasons for this. This stems from a lack of transparency and […]
Lenders face several challenges concerning the credit risk management process. Some of these include inadequate data quality, lack of skilled underwriting personnel, lack of data security, lack of inclusive risk assessment strategies, and poor compliance monitoring frameworks. These multiple challenges converge into one major challenge – the inability to appraise potential borrowers’ creditworthiness accurately. In […]
