Advanced AI for Bank Statement Analysis
Intelligent Bank Statement Analyzer for MSME credit underwriting
Assess MSME loan applications with critical insights. Our AI bank statement analysis tool conducts a comprehensive evaluation, including behavior analytics and ratio profiling.
Finuit’s Bank Statement Analysis Solution
Lenders to MSMEs scour through piles of bank statements, long and fuzzy, poorly scanned images to derive insights into their applicants’ financial behavior such as income, business performance, and past loan repayments, etc. MSME underwriting can be a long riddle to solve, resulting in an inevitable increase in the time to approve a loan. Lenders have adopted methods to make data-driven loan decisions, using software to analyze bank statements. However, AI makes this approach intelligent and needs-specific, optimizing loan processing.
Simplify your approval workflows with our AI-powered solution. Analyze bank statements with Finuit to benefit from higher accuracy and quicker decisions.
Automated extraction and analysis accelerate loan decisions
Analyze large volumes of data
Process 6 months to 1-year-long bank statements within minutes.
Detect areas of risk
Review cheque bounces, penalties, rotating credit, high-volume transactions, etc.
Recognize business inflows and outflows
Classify transactions to determine their significance in computing creditworthiness.
Overcome image quality limitations
Extract accurate and complete information from low-quality images.
Superior performance, consistently delivered
95
%
Accuracy
150
+
Bank formats
processed
processed
700
Statements in one hour
Built to offer all the features your business needs
- Cashflow analysis across your borrower's accounts
- Panoramic view of average savings, EMIs, and liabilities
- Customizable rules for your need-specific analysis
- Sandbox environment for free trial of our bank statement analysis tool
Transforming Lending processes: Finuit’s innovative solutions for forward-thinking business leaders
WHY FINUIT
Insightful credit decisions made easy.
Sound underwriting decisions, powered by AI.
Identify every transaction
Recognize the descriptions and values from various document layouts. Interpret the purpose, mode, payee and payer of transactions.
Categorize credits and debits
Determine if the transactions relate to personal or business activities. Distinguish money transfers through UPI, NEFT, RTGS, and cheques.
Process multiple bank accounts
Extract the complete picture of financial behavior. Obtain cash flow stories from bank statements of the applicant's different bank accounts.
Accelerate decision-making
Calculate critical creditworthiness parameters in seconds. Infuse assurance and speed in assessment decisions.
Get ahead with Finuit
Powerful fintech solutions for tomorrow’s business leaders
Finuit’s Bank Statement Analyzer is part of our intelligent data automation suite, a collection of innovative solutions that fulfill the unique needs of banks, financial services organizations, and insurance companies. Designed by experts in fintech and AI, the solutions represent our commitment to helping businesses succeed with best-in-class digital and data technologies.
Frequently Asked Questions
All our solutions are designed for trouble-free integration with existing systems. We support a feature-rich, well-documented API for seamless operations, and our team will be happy to implement it for you. For offline data exchange, CSV or JSON options are available.
Of course, yes. We know each organization has its unique challenges and expectations, and our product, by design, is suitable for diverse needs. Our solution specialists will interact with your team, understand the requirements, and implement a perfectly customized solution.
Finuit’s solution allows the configuration of teams and the workflow rules they need to follow. What’s more, user privileges can be defined for group members for finer control.
For us, data security is of paramount importance. Finuit’s solutions are built on robust, proven software platforms. We comply with secure programming practices and industry-standard security protocols.
Unlock new possibilities for your business.
Our intelligent data automation suite is a bespoke collection of thoughtfully designed tools to address your business needs. Partner with the experts in fintech and AI and give your business a competitive advantage.