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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

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.

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

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

Business loan journeys



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

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

Instant results

99.9% uptime

Easy integration

A one-time, trouble-free integration

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

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What our clients say

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