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Detecting missing transaction months might sound like a boring bookkeeping job. But fraudsters love to exploit gaps in your paperwork. Modern tools like Precisa make it possible to spot these gaps automatically, so risky omissions don’t slip past busy reviewers. When you, as a lender, accountant, or compliance officer, review bank statements, you depend on […]
In today’s expanding digital financial ecosystem, as consumers transact, borrow, or invest online, they frequently share sensitive personal and financial data. This creates inconvenience and security risk; in this context, Account Aggregator (AA) integration emerges as a vital solution for consent-based financial data access. With secure aggregator integration, data stays confidential. It also helps more […]
The role of chartered accountants has changed significantly over the past ten years. They are now expected to provide more insightful analysis, manage compliance, and offer strategic counsel in addition to keeping the books organised. However, one task still requires a significant amount of time: manually sorting through financial transactions. S͏t͏ud͏i͏͏e͏s show͏ ͏͏that ͏fi͏na͏n͏ce pr͏of͏e͏ssi͏ona͏͏ls […]
Lending decisions are only as strong as the financial data behind them. Yet, lenders know that not all numbers on tax returns or balance sheets can be taken at face value. GST-Bank Reconciliation provides one of the most effective ways to ensure this transparency. This process involves aligning a company’s Goods and Services Tax (GST) […]
You have a competent forensic team that excels in financial investigations. However, when money laundering transactions involve multiple bank accounts and thousands of transactions, does FIFO analysis still take weeks? These delays could leave your institution vulnerable and also pose a threat to a country’s financial system, its integrity, and sovereignty. So what is the […]
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, […]
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 […]
