Assess the creditworthiness of your customer using an automated bank statement analyzer.
Gives a complete picture of the income and expenditure of an individual or SME based on their bank account.
Accurate risk assessment
Bank Statement Analyzer
A bank statement gives a complete understanding of the borrower’s financial health- his payment history, his transacting habits etc. It helps in generating a report that determines the creditworthiness of the prospective borrower.
Bank statement analyzer offers a seamless way for businesses to access their customers’ enriched bank transaction data via PDF Upload or NetBanking Login to analyze bank statements. It offers an intuitive journey to the borrowers ensuring that their loan journey is completed.
The Bank Statement Analyzer (BSA), being completely automated, eliminates errors arising from manual intervention. The report helps organizations in accepting documents online, improving TAT, reducing manual effort, improving accuracy, and minimizing operational costs and fraud transactions, all of which lead to customer drop-offs.Bank Connect Reveals events of non-payment and default or insufficient funds.
This helps you in quick credit assessment and real-time decisioning, thus improving customer’s loan journey, cross-selling and retention of customers.
FinBox helps lenders with COVID -19 Impact Analysis with key insights to assess your customers' financial health due to the impact of COVID -19.
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Bank Statement analyzer for Loan Applications
Process applications instantly with automated bank statement analysis. Enable users to connect their bank accounts to your app via Net Banking login or manual upload of Bank Statement PDF.
Minimized Drop-off Rates
Maximize approvals in your loan management software
FinBox Bank Connect helps you reduce cost and Turn Around Times of your application process. It improves your overall customer experience and approval rates.