DSAs and NBFCs approve thousands of loan applications monthly, but manual credit analysis misses sophisticated fraud patterns. A borrower shows a ₹80,000 monthly salary, maintains an average balance of ₹ 1.2 lakh, yet defaults within six months. The income was real. The bank statements were genuine. But the cash flow pattern revealed something the manual […]
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 […]
Loan evaluation in India still depends heavily on bank account verification, but the number of applications banks, NBFCs, DSAs, and advisory firms handle every day is much higher and complicated than what traditional processes were built for. Many credit underwriters still rely on manual checks, even though the Reserve Bank of India’s 2022 Digital Lending […]
For Chartered Accountants (CAs) managing large volumes of financial data, manual transaction categorisation continues to be a time-intensive operational hurdle. It diverts valuable hours away from strategic tasks such as advisory, compliance reviews, and financial analysis. With the growing complexity of digital payments, multi-account statements, and fragmented transaction narratives, traditional classification methods are no longer […]
India’s digital transactions skyrocketed from 2,071 crore in FY 2017-18 to 18,737 crore in FY 2023-24, with a stunning CAGR of 44%. While digitisation brings convenience, it also fuels sophisticated fraud threats. However, the solution may lie within the problem – analysing digital transactions to combat this menace. The growth of digital payment systems creates […]
The rise of non-banking financial companies (NBFCs) in India can be attributed to their impressive credit appraisal systems and inefficient conventional banking sector. With an impressive CAGR of around 18.7% between 2005-2006 and 2019-2020, NBFCs are among the fastest-growing sub-sectors of the Indian financial system. The growing adoption of NBFC platforms indicates a paradigm shift […]
Traditional financial statement analysis methods are increasingly becoming obsolete. They primarily rely on basic tools such as the Profit and Loss Account and Balance Sheet, failing to deliver comprehensive insights into a company’s financial health. Furthermore, the heavy dependence on historical data can lead to outdated conclusions and predictions that do not reflect current market […]
Imagine applying for a loan and receiving approval within minutes—all thanks to cutting-edge AI tools. No more waiting for days as your paperwork is shuffled between departments. This is the future of lending, powered by AI-powered bank statement software or loan assessors. These tools are helping lenders improve the quality of their decisions by providing […]
India’s digital lending market is on the brink of a revolution, with projections indicating a surge from 1.8% of retail loans in FY22 to an impressive 5% by FY28. This rapid growth is fueled by the increasing demand for convenient, flexible, and swift loan approvals, particularly among younger generations. To capitalise on this trend and […]
Rapidly growing transaction volume and the ever-increasing threat of data breaches make it imperative for banks to look for innovative solutions to ensure quality service, ease and safety to their customers. In this backdrop, cloud computing is reshaping how banks analyse vast amounts of sensitive data, making operations faster and more secure. This technology enables […]
