Precisa is a comprehensive AI-powered analytics solution that allows users to analyse bank statements in real-time to check borrower credibility for quick, accurate loan approvals. Precisa is used by banks, lending institutions, and NFBCs to reduce or eliminate manual verification...

India is on the verge of astounding economic growth, with nearly 55 to 60 million MSMEs contributing to the employment and GDP of the country. However, this growth story faces a challenge from the lack of access to formal credit....

In the wake of the second wave of the COVID outbreak, the Indian economy has been heavily impacted. Millions are jobless, businesses are bearing the brunt, and consumers are shying away from heavy expenditures, to name a few implications. Therefore,...

The modern and digitally advanced era has fundamentally reshaped banking operations, just as it has altered the entertainment, media, and retail industries. Similarly, the lending industry is no exception. It is on the rise and is witnessing a paradigm shift...

Every active company must produce scannable records of its financial performance for audit, review, and improvement purposes. Hence, financial statements are written documents that describe a company's operations and financial performance. Government authorities, accountants, corporations, and others frequently audit financial...

The pandemic has not only redefined public health concerns but also shuffled economies. Even when lockdowns wane, consumers struggle to regain a foothold on finances and cut back on discretionary spending. Consequently, newer lending trends in sync with time are...

Bank statement analysis involves parsing the bank statements to derive insightful conclusions about the borrower’s creditworthiness. But the task of processing these statements is not easy. Lenders are bogged down with processing bank statements that are often either in physical...

The lending business is the backbone of most of the projects in the economy. From lending to acquaintances in distress to now a full-blown industry, this practice has witnessed a significant evolution. Despite being a lucrative practice, this industry does...

Bank Statement Analysis plays a crucial role in loan sanctioning. It is one of the practical ways to study the financial behaviour of the loan applicant. It gives a comprehensive picture of the customer’s economic history consisting of available balance,...

Banks have a plethora of data waiting to be organised. We might think since the banks have so much data, they are ready to use Business Intelligence to make the best of it, but it is just the tip of...