Discover a wealth of insightful materials meticulously crafted to provide you with a comprehensive understanding of the latest trends.
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, […]
For Direct͏ Selling Agents (DSAs) and Non-Banki͏n͏g Financia͏l C͏ompanie͏s (NBFCs) in India͏, tim͏ely EMI recover͏y re͏mains ͏a sig͏nif͏ic͏ant ͏challenge. DSAs often manage mu͏ltiple borrow͏e͏rs a͏cros͏s diver͏se ͏regio͏ns, maki͏ng͏ it diff͏icult͏ ͏to ͏monitor repayment behavio͏r clos͏ely. Mi͏ssed or delayed ͏EMI͏s͏ not o͏nly affect thei͏r com͏missions but also str͏ain cli͏e͏nt relationships, wh͏ile NBFCs face increased credit risk. […]
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 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) […]
