Tag: Bank Statement Analysis

Climate change is increasingly recognized as a critical factor influencing financial markets. Its far-reaching impacts extend beyond environmental and social dimensions, posing significant risks and opportunities for financial assets. Leveraging data analytics to understand and mitigate these impacts is essential for investors, financial institutions, and policymakers. This article explores how data analytics can be utilized…

The financial landscape for Small and Medium-sized Enterprises (SMEs) is undergoing a transformative shift with the advent of Artificial Intelligence (AI). Traditional loan approval processes have often been cumbersome, time-consuming, and heavily reliant on manual paperwork. However, AI algorithms are revolutionizing this space by streamlining loan approvals, enhancing efficiency, and minimizing the administrative burden for…

In an increasingly digitized financial landscape, the evolution of bank statement analysis technology is pivotal for both consumers and financial institutions. As technology advances, so do the capabilities of analyse bank statement app, enhancing their functionality, security, and user experience. This comprehensive exploration delves into the future trends in bank statement analysis technology, predicting upcoming…

Subscription-based business models have gained significant traction in recent years across various industries, ranging from media and entertainment to software as a service (SaaS) and consumer goods. These models offer a predictable stream of recurring revenue, making cash flow analysis essential for understanding financial performance and predicting future revenue streams. In this article, we will…

Smart lending is transforming the way financial institutions assess creditworthiness and grant loans. While automating tedious tasks like document verification and data analysis plays a crucial role, true smart lending goes beyond the superficial. It delves deep into the heart of decision-making, leveraging advanced technologies like artificial intelligence (AI) and machine learning (ML) to create…

The MSME segment is called, quite justifiably, the growth engine of India’s economy. With over 64 million organizations, it contributes to almost 30% of the GDP. A report published by TransUnion CIBIL and SIDBI in August 2023 predicts that the sector will continue to grow at a CAGR of 2.5%. Surprisingly, more than half of…

The business loan market has been steadily expanding in India, though the contribution of commercial banks seems to have dropped. According to RBI, the year-on-year growth of bank loans to the industry fell to 7.8% in January 2024 from 8.7% in the previous year. However, NBFC’s industrial credit outflows doubled from 6.1% to 12.8% during…

Forensic accounting is a very vital tool that helps reveal financial fraud, misconduct, and irregularities occurring in the organization. It identifies the variances, patterns of fraud behavior, and assets hidden in the financial data. It applies accounting expertise alongside investigation skills in the exploration of the most complex financial shenanigans and further provides evidence for…

In recent years, the advent of big data analytics and advanced technology has enabled financial institutions and analysts to delve deeper into understanding investor sentiment. By analyzing vast amounts of financial data, including market trends, trading volumes, social media sentiments, and news articles, insights can be gleaned into the behavioral patterns of investors. This article…

Credit risk analysis is a very fundamental process in lending and finance. It is whereby, through the process, lenders will be in a position to analyze the probable chances that a borrower is likely to default on a loan obligation. Rating customers’ credit is cardinal to how a financial institution makes necessary lending decisions in…