Bank Statement Analysis for Banks, NBFCs, and Fintech Companies

What is Bank Statement analysis?

A bank statement is a universal document that contains all of everyone's transaction records. A bank statement is unequivocally the most valid record of one's income and expenses and gives a fair view of one's financial health, income verification, and wealth management. Bank statement analysis analyzes borrowers' financial transaction data, i.e., outflows or debits and inflows or credits over a period of time, based on their bank statements.

Bank statement analysis could be used to process financial statements for various industry use cases, ranging from individual to large fintech ecosystems and financial institutions.

Why analyze financial data?

Bank statement analysis helps to analyze data in bringing unstructured data to meaningful insight so that you can provide instant credit decisions to your customers or clients. The procedure includes various steps like verifying credit scores, income sources and employment, and, most importantly, collateral and KYC details through stringent and comprehensive processes.

How can Sakhsham's services help you?

Sakhsham’s well-trained and experienced teams work in sync with your credit team to run the banking analysis for potential borrowers of your NBFC or Bank.

Sakhsham’s banking analysis solution is a plug-and-play solution for loan providers giving out business loans, personal loans, medical loans, education loans, etc.

How it works

STATEMENTS SCANNED

Bank statements are scanned and received from the client in different formats

STATEMENTS TRANSCRIPTED

Our team transcribes the scanned data in client-specified format

STATEMENTS ANALYZED

Information analyzed to map relevant month-on-month transactions

EXCEPTIONS FLAGGED

Data anomalies recognized and highlighted for further investigation

SUBMITTED TO CLIENT

Final results of the study submitted to the client

Bank Statement Analysis for Non-Banking Finance Companies (NBFCs)

For NBFCs providing personal loans to individual customers and business loans to Medium and Small Businesses, Sakhsham can support you with end-to-end customer credit score generations through bank statement analysis.

Our team does Transcription and Analysis of bank statements (Businesses and individuals) with a pre-defined TAT and assured quality levels.