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.

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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.

Features

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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.

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SUPPORT

Frequently asked questions about
Bank Statement Parsing

What is Bank Statement Parsing (BSP), and how does it differ from traditional methods of analyzing bank statements?

Bank Statement Parsing (BSP) is an advanced technology that converts various bank statement formats into editable and searchable documents. Unlike traditional methods, BSP automates the parsing process using optical character recognition (OCR) and a smart learning engine, ensuring faster and more accurate results.

How can users submit their bank statements for analysis through BSP?

Users can submit their bank statements for analysis through BSP using two convenient methods:

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?

BSP offers several advantages, including:

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?

BSP utilizes advanced features such as optical character recognition (OCR) and a smart learning engine to ensure data accuracy during the parsing process. The technology learns from patterns and continuously improves its accuracy over time.

Can BSP integrate seamlessly into existing systems used by financial institutions?

Yes, BSP is designed for seamless integration into existing systems. It supports a smooth loan application journey by integrating well with various processing methods, ensuring compatibility and ease of use.

In what formats are the generated reports available, and how does this benefit users?

Reports generated by BSP are available in both human-readable and machine-readable formats. This ensures compatibility with various processing methods, allowing users flexibility in how they utilize the generated information.

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