Manually assessing data from the Bank Statement PDFs is a strenuous and time-consuming process. Automated Bank Statement Analysis tools on  Precisa allow its users to extract the data and categorise them and facilitate more detailed segregation from the bank statements....

Global loan defaults have increased at a faster rate than they were before the pandemic. Direct consumers and small businesses are still struggling to pay back loans, which is unlikely to improve very soon. While retail lending accounts for 22%...

In the post-pandemic world, the Fintech business, like any other, is experiencing changes and facing its own set of unique challenges. FinTech adoption doubled every two years, increasing from 16 per cent in 2015 to 64 per cent in 2019...

As per expert estimates, at least 2.5 quintillion bytes (that’s an astonishing 2.5 followed by 18 zeros) of data are generated in the world over every, single, day! And a study in 2018 revealed that about 90% of that data...

The 2020 pandemic sabotaged the customer relations and trust banks had built over the years. According to a new Accenture analysis, during the COVID-19 pandemic, replacing in-person branch contacts with impersonal digital transactions via online and mobile channels has accelerated...

Digital lending in India is undergoing intense activity given the massive opportunity the sector presents. According to BCG estimates, total digital retail loans could cross the $1 trillion mark in the country by 2023. With that as the backdrop, let’s...

Gromor Finance is a lending company that provides secured and unsecured financing to unassisted enterprising entrepreneurs of India, who are otherwise excluded from the lending landscape. Through simple lending processes, Gromor aims to give them the right impetus to move...

Account Aggregator Framework, launched in Sept. 2021 at a virtual event, is a novel technology architecture and part of India Stack - a collection of open-source APIs by GOI. Account Aggregator (AA) is a framework that provides an overview of...

The financial lending industry has witnessed aggressive disruptions in recent times owing to the pandemic. Other than the increased need for end-to-end digitisation, plenty of other essential lending trends surfaced in 2020 to date. Consumer lending overall noticed a tremendous...

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...