Discover a wealth of insightful materials meticulously crafted to provide you with a comprehensive understanding of the latest trends.
When it comes to financial forensic audit, time directly affects outcomes. Many audit firms still spend 30–45 days manually reviewing bank statements, reconciling transactions, and tracing fund movements across accounts. These delays usually arise from unstructured data, inconsistent bank formats, and the need for manual cross-verification, all of which slow investigations and increase operational risk. […]
Tracing the movement of funds, or mapping money trails, is a core task for forensic investigators, auditors, and underwriters to uncover cases involving fraud, tax evasion, and financial irregularities. In India, financial crimes often involve complex layers of transactions, and bank statements are a valuable source that aid investigators in uncovering irregularities. Bank statements are […]
Do you rely on bank statements to get an accurate picture of the borrower’s financial health, and does the statement you got look perfect? If so, you need to scrutinise the document more carefully to determine whether the statement has been staged. Spotting circular transactions could be a good place to start. Circular transactions involve […]
When you review bank statements, similar-looking applications can hide very different business models. One applicant might show dozens of small daily credits totalling ₹50,000, whilst another receives just three large payments of about ₹15 lakhs a month. The revenue is similar, but their risk profiles aren’t the same. Bank statements reveal the difference between B2B […]
NBFCs today operate in a lending environment where financial crime risks evolve faster than traditional controls. Regulators expect institutions to demonstrate continuous monitoring, documented controls, and proactive reporting. The FIU-IND received 4,36,287 STRs in FY 2022–23, highlighting how widespread suspicious activity continues to be across the financial system. Against this backdrop, NBFCs must go beyond […]
The Goods and Services Tax (GST) regime in India emphasises transparency and accountability and has reshaped how financial institutions assess businesses’ creditworthiness. GST compliance, especially timely and accurate tax filing, has become a critical factor in loan approvals for Indian businesses. Lenders now view compliance as a primary indicator of creditworthiness and risk. Delayed tax […]
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 […]
As digital lending accelerates across India, financial institutions are evaluating bank statement analysis platforms that can handle growing portfolios while maintaining accuracy and compliance. Pro Analyser is a newer platform in the bank statement analysis space. However, Precisa has led this market for years, establishing the standard that newer entrants now attempt to match. NBFCs, […]
If you’ve ever been part of a financial forensic audits, you know how long and tiring it can be. These audits are essential for spotting fraud, checking creditworthiness, and ensuring compliance. But traditional audits move at a snail’s pace. According to the International Journal of Innovative Science and Research Technology, AI can now perform real-time […]
Direct Selling Agents (DSAs) connect potential borrowers with the most suitable financial institutions and vice versa. As the number of borrowers grows, financial institutions are relying more on DSAs for loan distribution. However, as DSAs, you face stiff competition and numerous challenges; manual due diligence is one of them, which ultimately impacts DSA ratings. DSAs […]
