Menu
Close
EmailContact
LoginLogin

API Solutions

IDfy_Logo 1 1 P6gov89a04v2f2hme74m9g3auo3gqtn1qy0zxiejgg
API directory > Bank Statement Analysis

Bank Statement Analysis

IDfy’s Bank statement Analysis API works on an advanced AI / ML-based model that allows you to derive intelligent insights from a customer’s bank statement.

Tackle fraud at source

Identify if a customer’s uploaded bank statement is fraudulent

Summarize past activity

Identify the type of activities that have taken place over a period of time

Artboard

Tech-driven detection

Detect any anomalies using advanced ML models trained for supreme activity detection


Unlocking value for global leaders

How it works

Provide a bank account statement, bank name, account type, password (optional) as input, and you’ll receive multiple data points that help you mitigate onboarding risk.

bank account analysis
Customer and bank account details
Income per month
Opening and closing balances per month
Fraud analytics
Advanced insights

Unlocking value for global leaders

Where you can use it

1

Individual loan journeys


Bank statement analysis can be used during loan journeys when we want to verify if the income / investment details provided by the user match with what is available in the bank statement

2

Business loan journeys



When you want to verify and derive insights out of a bank statement about a business during business loan disbursement journeys

3

Partnering



You are a payment aggregator and want to partner with a business, you can use this API to verify if the details provided by the potential partner are legitimate

Features

99.97% Accurate

Artboard

Instant results

99.9% uptime

Artboard

Easy integration

A one-time, trouble-free integration

Our industry-leading API easily gets integrated with your existing workflows and processes.

Code Pjh16gqfnreqt55z02jy3yymp8ty7oqir6zb2a4o80

What our clients say

Ready to get your API access?

Registered Office 
4-F Rushabh Chamber, Off Makwana Road, Marol Naka, Andheri East, Mumbai, 400 059