Bank Statement Analysis - perfios API

Overview

• The Bank Statement Analysis API is a FinTech solution provided by Perfios.
• It automates bank statement analysis and fraud check, thereby expediting credit scoring decisions.
• It is part of the Perfios Hub that offers 200+ business API solutions with quick setup and free trial.

Major Customers Using It

• Major customers of the Perfios Bank Statement Analysis (BSA) API is IDFC First Bank, HDFC Bank, Yes Bank, Rakbank, Kotak Mahindra Bank etc...

• Source : (https://perfios.ai/)

Features & Integrations

• Automates bank statement analysis for faster decision-making.
• Fraud check feature to ensure the accuracy and authenticity of data.
• Integration with other Perfios products for a comprehensive financial solution.
• Quick setup and simple pricing structure.

Use Cases

• Primarily used in the FinTech industry for credit scoring.
• Automates the process of bank statement analysis, reducing human error and speeding up credit decisions.
• Enables fraud checks to ensure data integrity.

Developer Support

• Perfios provides helpful support for developers.
• Community forums and resources are available for troubleshooting and learning.
• Dedicated support team for quick resolution of issues.

Advantages

• Quick and automated bank statement analysis.
• Fraud check feature to prevent data manipulation.
• Integration with other Perfios products.
• Quick setup and simple pricing structure.
• Excellent developer support and resources.
• Part of the Perfios Hub with access to 200+ business APIs.

Fees

• Pricing details are not publicly available and can be requested from Perfios.

Company Information

• The API is provided by Perfios, a leading FinTech solutions provider.
• Perfios is known for its diverse range of business APIs with quick setup and free trial.

Year Company Founded

• Perfios was founded in 2006.

Social Profile Links

• Linkedin: (Perfios Linkedin)

FAQ

• What is the Perfios Bank Statement Analysis API?
  The Perfios Bank Statement Analysis (BSA) API is a robust FinTech solution that automates bank statement analysis, performs fraud checks, and helps businesses make faster credit decisions. It is widely used in credit scoring and loan origination workflows.

• Who are the major customers of the Perfios BSA API?
  Major customers include leading Indian and international banks and financial institutions such as IDFC First Bank, HDFC Bank, Yes Bank, RAKBANK, and Kotak Mahindra Bank etc.

• What are the main features of the API?
  Automated parsing and analysis of multi-format bank statements (PDF, scanned images, etc.), advanced fraud detection and tamper checks, categorization of transactions, cash flow analytics, and pattern recognition, bulk processing and quick onboarding, and seamless integration with other Perfios business APIs.

• What are typical use cases for this API?
  Automated credit scoring, income analysis, and underwriting for loans, fraud screening and tamper detection from customer-submitted statements, accelerating KYC, onboarding, and periodic financial reviews, and wealth and portfolio management analytics.

• How does the fraud check feature work?
  Perfios analyzes statement integrity using AI/ML models, checks for inconsistencies, digital tampering, and verifies data authenticity, ensuring banks/lenders can trust the results.

• Is the API suitable for high-volume processing?
  Yes, Perfios BSA is optimized for bulk uploads and can process thousands of statements daily, making it ideal for high-throughput lenders or aggregators.

• What file formats does the API support?
  The API supports 4,000+ statement formats including PDFs, scanned documents, and images, with OCR and advanced parsing.

• How do I get started with the Perfios BSA API?
  Contact Perfios via their website (https://perfios.ai/) to request a demo, free trial, pricing, and sandbox access for integration.