Bank Statement Parsing
Surepass introduces the Bank Statement Parsing (BSP), a revolutionary tool for loan applications. Users can easily submit files for rapid evaluation, thanks to the advanced features of BSP, such as optical character recognition.
This technology transforms diverse bank statement formats into editable and searchable documents. Surepass automates the parsing process using an intelligent learning engine, providing real-time insights. This streamlining addresses issues like sluggish document collection and the high manual workload, ensuring a streamlined and error-free process.
Introduction
Surepass’s BSP distinguishes itself with a fully automated approach, eliminating errors associated with manual intervention. This not only enhances accuracy but also reduces manual efforts, enabling organizations to allocate resources more efficiently.
The tool generates swift and comprehensive reports, offering a complete perspective on an applicant’s financial status. With seamless integration into existing systems, BSP supports a seamless loan application process.
Reports are accessible in both human-readable and machine-readable formats, ensuring compatibility with various processing methods, whether with or without human intervention.
Surepass’s Bank Statement Parsing provides a flexible and user-friendly data upload process. Users can submit statements online through Net Banking Fetch or choose a back-office approach by uploading statements in PDFs or scanned copies.
This adaptability makes BSP a valuable tool for financial institutions, enhancing their efficiency and decision-making capabilities in the dynamic landscape of credit assessment.
Benefits of Verifying with our API
Plug and Play
The Bank Statement Parsing is straightforward and integration is effortless, We provide a simple and user-friendly interface.
Prevent Fraud
Bank Statement Parsing employs automated analysis and advanced technology to prevent fraud, ensuring real-time insights and secure data handling practices
Accurate and Reliable
It achieves accuracy and reliability by accessing current bank data, employing rigorous data verification, and following secure industry standards.
Plug and Play
The Bank Statement Parsing is straightforward and integration is effortless, We provide a simple and user-friendly interface.
Prevent Fraud
Bank Statement Parsing employs automated analysis and advanced technology to prevent fraud, ensuring real-time insights and secure data handling practices
Accurate and Reliable
It achieves accuracy and reliability by accessing current bank data, employing rigorous data verification, and following secure industry standards.
case-study
GST OTP comes to the rescue of a major transport aggregator of India
What is Bank Statement Parsing (BSP), and how does it differ from traditional methods of analyzing bank statements?
How can users submit their bank statements for analysis through BSP?
Online Submission: Users can upload statements through Net Banking Fetch.
Back-office Approach: Users can choose to upload statements in PDFs or scanned copies
What benefits does BSP offer to organizations in the loan application process?
Fully Automated Approach: BSP eliminates errors associated with manual intervention.
Efficiency: It enhances accuracy and reduces manual efforts, allowing organizations to allocate resources more efficiently.
Comprehensive Reports: BSP generates rapid and comprehensive reports, providing a 360-degree view of an applicant’s finances.
How does BSP ensure data accuracy during the parsing process?
Can BSP integrate seamlessly into existing systems used by financial institutions?
In what formats are the generated reports available, and how does this benefit users?
Aadhaar Verification API
The Aadhaar verification API is a digital tool used to verify the validity and accuracy of Aadhaar cardholder details, enabling streamlined authentication processes.
Read More
Equifax Credit Report API
The Equifax Credit Report API enables individuals to easily retrieve their credit report, providing lenders with essential information for assessing creditworthiness in financial applications.
Read More
Ready to supercharge your business?
Boost your business with cutting-edge solutions designed to drive growth, reduce risks, and enhance customer trust.
Get API Key
By creating a free account, you get
Gain access to over 300+ verification APIs to streamline your KYC/KYB processes effortlessly.
Test our APIs in a secure sandbox environment to ensure smooth functionality and integration.
Enjoy seamless integration with developer-friendly documentation and 24/7 expert support.
Trusted by over 3,000+ companies of all sizes
Build with us
We’d love to show you how Surepass can help your business. Fill out the form and we’ll be in touch within 24 hours
For all updates & much more, mail on [email protected]
We respect your privacy.
