INTRODUCTION
Bank statement is one the most trusted source for giving the visibility of all the transactions of a borrower required by a lender, a bank, a NBFC or any other financial institute. Thus there is an absolute requirement of such application which can help automate this process and generates the reports/score in order to check the credit worthiness of the loan borrower.
Cygnet FAME Bank Statement Analyzer, generates comprehensive, insightful, actionable reports comprising the information on cash flows, returns, loans, interest, limit utilization, etc. The solution auto analyses the bank statements for the loan approvals & reduces the processing time by 40%.
EXISTING CHALLENGES
DIFFERENT FORMATS: No standardization in formats of bank statements.
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MANUAL ANALYSIS: Analyzing the bank statements manually is a tedious and time-consuming task.
DATA ACCURACY: Inspecting varied statements becomes difficult with multiple data points and validations.
DIFFERENT FORMATS
No standardization in formats of bank statements
MANUAL ANALYSIS
Analyzing the bank statements manually is a tedious and time-consuming task
DATA ACCURACY
Inspecting varied statements becomes difficult with multiple data points and validations
SOLUTION FEATURES
CLASSIFICATION CAPABILITY
- Automated Classification of documents into Bank Statements, Financial Statements, KYC documents and reports
- Automated Classification of Bank Statements into PDF or Scanned formats
EXTRACTION CAPABILITY
- PDF Document Data Extraction and Analysis
- Scanned Document Data Extraction and Analysis
- Autodetection of Bank Name
- Consolidated Report by merging Multiple Statements
REPORTING CAPABILITY
- Meta data of Bank Statement
- Primary Analytics
- Derivative Analytics
- Content Check Triggers
- Account Specific Analysis
- Integration Capability
CYGNET GRC SCORE
GRC Score or GST returns compliance score is a rating calculated based on the returns filing trends of a company. GRC score gives the analysis of GSTR-3B, over the last 12 months. All you need to do is enter your clients GSTN number and generate the GRC score.
Cygnet FAME BSA
Cygnet FAME Bank Statement Analyzer, generates comprehensive, insightful, actionable reports comprising the information on cash flows, returns, loans, interest, limit utilization, etc. The solution auto analyses the bank statements for the loan approvals
SOLUTION WORKFLOW
Cygnet FAME BSA Solution Benefits
Real time check of customers credit worthiness
Automates and speeds up the process by 40%
Less Manual Intervention, Speedy Output,
Generates customizable output reports
AN AUTOMATED FINTECH DECISION MAKING PLATFORM FOR
- Real time check of customers credit worthiness
- Automates and speeds up the process by 40%
- Less Manual Intervention, Speedy Output,
- Generates customizable output reports
AN AUTOMATED FINTECH DECISION MAKING PLATFORM FOR
BANKS
NBFCs
FINANCIAL INSTITUTES