Banks, NBFCs and private lenders are tightening controls over credit assessment and disbursement in view of the increased defaults due to the pandemic. Asset quality is taking precedence over targets even as many individuals and businesses are seeking loans to reshape finances or stabilize operations.
Bank statements are good indicators of a business entity or individual’s income, expenses, and most importantly, the spending pattern. Thus, most financial institutions determine the customer’s creditworthiness based on detailed scrutiny of the bank statements.
We aim to simplify the bank statement analysis process, with our easy-to-use web application which allows you to upload bank statements and presents actionable insights in visually appealing, intuitive dashboards in real-time.