If you work in lending, financial risk assessment, or credit analysis, you’ve probably seen how many hours get swallowed by just one task: You sit down with a loan application, and suddenly half your day disappears into reviewing bank statements and GST returns. Page after page of transactions. Manual calculations. Cross-checking numbers between different documents. […]
From 30 Days to 30 Minutes: How Automation is Revolutionising Financial Due Diligence
Ask any loan officer what takes up most of their day, and you’ll hear the same complaint: bank statement reviews. Think about it – if you’re spending 2-3 hours per application, that’s basically half your work week just on paperwork. No wonder loan officers are burning out. Sure, this manual approach worked fine when processing […]
Digital vs. Traditional: The Evolving Landscape of Financial Forensics
In the last few years, financial forensic investigations have changed a lot. You might be surprised to learn that forensic auditors used to spend 30 to 45 days going through bank statements by hand and following money trails across several accounts. And today’s digital platforms? They can complete those same investigations in 25 to 30 […]
Top Bank Statement Analysis Platform Options in India for 2026
India’s financial landscape is shifting, and it is shifting quickly. For instance, the Account Aggregator ecosystem has crossed 100 million consents with a staggering 1059% growth in FY 2023-24, facilitating Rs 462 billion in loan disbursements just in H1 FY25. Plus, we must note that over 2.2 billion financial accounts are now enabled for data […]
Credit Bureau & Bank Stateme͏͏nt: Ho͏w the Duo Reduc͏es Lending ͏͏R͏isk
With r͏eta͏͏il NPAs͏͏͏ ͏hi͏tt͏in͏g a͏ ͏multi-ye͏a͏r l͏ow ͏of ͏2.8% i͏n 2͏02͏4,͏ fina͏ncia͏l i͏ns͏titutio͏ns sa͏w͏͏ 51% m͏or͏e con͏sum͏ers m͏on͏ito͏ri͏͏ng͏ their CIBIL͏ sco͏r͏e, and ban͏ks lowered t͏ur͏naround times by 5͏X via͏ a͏utoma͏t͏ed s͏ta͏te͏ment͏ analysis͏. Ab͏͏o͏ut 119͏ milli͏on ͏Indians ͏re͏gu͏lar͏ly t͏͏rack͏ed scores͏͏,͏ markin͏͏g ͏a͏͏ 51%͏ rise in FY 2023–2͏4.͏͏ In this scenario, c͏ombining credit bureau data ͏with de͏ta͏i͏le͏d ba͏nk͏ […]
Understanding RBI’s Decision to Exclude Fintech-Sourced Loans from Default Coverage
In a decision that could drastically change how fintech companies associate with non-banking financial companies (NBFCs), the RBI, on June 6, 2024, ruled that Default Loss Guarantees (DLGs) by fintech on their loans can no longer be valid while determining provisions or credit loss buffers. This actually means NBFCs cannot depend on fintech-provided guarantees to […]
Beyond CIBIL Scores: Pulling Hidden Insights from Consumer Credit Bureau Report
Traditional credit scoring, led by CIBIL and other bureaus, has been the backbone of lending decisions for many decades. However, with the undeserved and new-to-credit segments’ increasing need (and demand) for loans and the microfinance delinquency rate moving up to 4.3% in 2024, lenders are realising that single scores only tell half the story about […]
NBFC Software: What Lenders Need to Know About Pricing
Investing in NBFC software involves more than selecting the most suitable technology. It’s a strategic decision that has direct implications for financial performance, business agility, and regulatory readiness. Though the market provides a broad range of lending and compliance platforms, the pricing models tend to be opaque. What might initially look low-cost can rapidly inflate […]
Short-term vs Long-term Cash Flow Analysis: Complete Guide
Delinquencies in India increased by 44% among personal loan borrowers between Dec ’23 and June ’24. This highlights the importance of accurate and informed decision-making during loan approvals and, more importantly, the need to rethink how lenders approach cash flow analysis of individual and commercial borrowers. Although conventional lenders in India, including banks, typically rely […]
GST Returns vs Bank Statements: Cross-Verification Guide
Indi͏a is home t͏o over 14 million registered͏ GST taxpayers as of 2024, refl͏ecting the v͏ast ͏scope of businesse͏s c͏om͏plyin͏g with indirect ta͏x la͏ws. Meanwhil͏e, bank acc͏ounts in India have crossed ͏65 crore, s͏howing͏ the scale of formal fi͏na͏ncial transactio͏ns. For b͏usin͏ess͏es, two critical f͏inancial documents dominate de͏cis͏i͏on-making: GST͏ ret͏urns and bank ͏statements. GST͏ re͏turn͏s […]