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Bank Statement processing automation


DIGITIZE BANK STATEMENTS WITH 99%+ ACCURACY IN REAL-TIME

Easily extract data from bank statements for detailed analysis

AI-based data validation to reduce human effort and time spent

Reconcile statements, analyze credit profiles, and verify tax reporting faster
with automated transaction categorization
Start free 14-day trialSchedule demo
No credit card required
Best in class for capturing data from financial documents.
“ We are using Docsumo’s APIs for automating data capture from bank statements
and identity cards while onboarding customers. It has  reduced the time our
operations team spends on data entry by manifoldswhile providing a much better
customer experience. "‍
Prashanth Ranganathan
Chief Executive Officer, PaySense (A PayU company)
Readymade APIs for bank statement analysis


APPROVE MORE LOANS AND MORTGAGES WITH AUTOMATED BANK STATEMENT PROCESSING

Whether you underwrite personal loans, mortgages or commercial loans, process
customer bank statements in real time with our readymade APIs. Docsumo's
AI-based software detects changes in header/column/table positions, and subtle
alterations in bank statements.
Get analytics


MAKE RAPID DECISIONS WITH AI-BASED TRANSACTION CATEGORIZATION

Measure creditworthiness by categorize transactions for your underwriting
decisions. Get granular analytics on debits, credits and previous loans in the
same API call.


5 REASONS TO GET THE DOCSUMO ADVANTAGE NOW!

<60sec
Reduce turnaround time for document processing from days and months to seconds
10x
Increase efficiency by 10X even as you process 10k+ documents a month
99% plus
Reduce manual and repetitive errors with intelligent automation and get accurate
data from documents
Smart AI
Algorithms that self-learn based on new document formats and on the go or from
manual corrections
Analytics
Make rapid decisions with easy validation and granular analytics
Smart review with human-in-the-loop


ENSURE 99%+ DATA ACCURACY WITH AI-POWERED REVIEW SCREEN

Verify extracted data with our smart review screen without changing your
workflow. Use Excel-like formulae to validate page totals and get better
accuracy over time.
Easy integration


SEE BANK STATEMENT DATA AUTOMATICALLY ON SALESFORCE, QUICKBOOKS, EXCEL, OR ANY
FINANCIAL SOFTWARE

Pull data from bank statement PDFs and convert them into CSV, JSON, or Excel for
easy analysis and income verification. Moreover, Docsumo's intelligent
processing lets you store your data securely in your existing accounting systems
and financial software.
Start free 14-day trialSchedule demo


TURN YOUR BANK STATEMENTS INTO A POOL OF ACTIONABLE INSIGHTS

Whethere you're looking to categorise expenses, assess lenders, prevent
anti-money laundering or verify customer identities - Docsumo's intelligent
algorithms help you extract a ton of data.
General information
Account holder name

Account number

Date

BIC code

Bank statement vendor

Amount related
Individual/Total debits

Individual/Total credits

Starting balance

Final balance

Transaction IDs

Other information
Transaction lines with description

Recipient account number

Bank statement automation case study


LEARN HOW PAYSENSE PROCESSED BANK STATEMENTS IN <30 SECONDS

The Situation
PaySense, a multinational fintech company, processes 100,000 loan applications a
month. As part of customer onboarding, the client had to examine bank statements
(amongst other documents) from 100+ banks in 1,000 formats. As a result,
processing each application manually would take 24 to 48 hours.
Solution
Our Document AI platform recognized document types (passport vs bank statement)
based on image characteristics and send to respective API. We helped them
categorize bank transaction data to figure out gross incomes, average monthly
balances etc. for underwriting loans.
<30sec
Reduced processing time of unstructured data to <30 seconds
95%+
Touchless processing using smart validation rules
70%+
Processing cost reduced by automating workflow end to end
Ready to automate your data extraction?
Let's talk.

Docsumo's intelligent document processing enables you to extract data easily,
efficiently, and accurately.
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