Switching a bank statement analyser mid-operation isn’t something a credit team does on a whim. There’s data migration to worry about, workflow retraining, integration work, and (if the tool touches a loan origination system) a whole IT conversation that nobody particularly enjoys. So when a team does decide to switch, there’s usually a specific reason. […]
A VP of Credit at a mid-sized NBFC in Pune ran a vendor evaluation last quarter. Her team processed more than 3,000 loan applications monthly on a manual review cycle that had let two fabricated bank statements through in Q3 2025. She needed a specialist tool, not a feature inside a larger platform her team […]
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 […]
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 […]
Fixed Obligation to Income Ratio (FOIR) shows how much of your monthly income is already locked into fixed payments. This includes EMI payments, rent, and insurance premiums. When you apply for a loan, lenders assess your FOIR ratio to see if you can handle more debt. Most lenders in India favour your FOIR to stay […]
Detecting missing transaction months means checking whether every calendar month is accounted for in a borrower’s submitted bank statements, since a gap often hides a transaction the borrower doesn’t want reviewed. Precisa flags missing months automatically in its Irregularities tab, so the gap surfaces before a loan gets approved on incomplete data. A missing month […]
When lenders think of adopting technology, they mainly focus on customer-facing platforms, speed of disbursal, or digital onboarding. But there’s a less visible process that actually carries massive consequences for portfolio health: bank statement analysis. The way NBFCs and DSAs handle this step can make or break the way they detect risky borrowers early. According […]
We see this often with DSAs—long days spent chasing leads, assessing eligibility, and preparing applications, only to have hours disappear into manual verification, document sorting, and fragmented compliance checks. DSAs tell us the same thing repeatedly: processing a single case can take over two hours, slowing growth and making it harder to keep up with […]
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, […]
