A bank statement is a critical document to measure the creditworthiness of a loan applicant, whether it is an individual or an SME. Perfios uses an automated approach of bank statement analysis to analyze bank statements, combining powerful techniques with a learning engine that provides real-time analytical capabilities. The analytical output helps organizations solve their existing pain points like physical collection of documents, slower turnaround time, high manual effort, and lower productivity, all of which lead to customer dissatisfaction. The Perfios Bank Statement Analyzer (BSA), being completely automated, eliminates errors arising from manual intervention. The automation reduces manual effort freeing up manpower for core activities and increasing overall productivity.

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