Bank statement analysis is the process of reviewing and analyzing a bank statement to gain insight into a person or organization's financial situation. The analysis involves reviewing the transactions listed on the statement, including deposits, withdrawals, and transfers, and categorizing them into income and expense categories. Read this Presentation to know more.

1. Bank Statement Analysis Automation
Accelerate Loan Approval Process with
AutomationEdge Ready Workflow
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Not just a platform

2. What is Bank Statement
Analysis?
Bank statement analysis is the process of reviewing and analyzing a
bank statement to gain insight into a person or organization's
financial situation. The analysis involves reviewing the transactions
listed on the statement, including deposits, withdrawals, and
transfers, and categorizing them into income and expense
categories.

3. In the banking and financial organizations, bank
statement analysis is used for multiple purposes
but mostly bank statement analysis is performed
for evaluating a borrower’s financial health. Some
of other uses of bank statement analysis are-
• Risk Management
• Compliance
• Fraud Prevention
• Customer Service
Why is Bank Statement Analysis
Important?

4. Challenges with Manual
Bank Statement Analysis
As bank statement analysis include a high number
of checkpoints for granting financial help, banking
service struggle to manage all manually. Some of
the challenges are-
• Non- Standardized Data
• Time Consuming
• Lack of Data Insights
• Security Risks
• Human Error
As per the record, banking and financial organization
received 19.2 million personal loan requests in a year.

5. AutomationEdge Ready
Workflow for Bank Statement
Analysis Automation
With RPA+OCR+ Machine Learning capability,
AutomationEdge ready workflow can-
• Extract bank statements from multiple
sources
• Standardized the data as per banking
requirement
• Analyze borrower data to gain insights
related to cash flow
Automated Banking Statement Analysis Workflow
Bot download bank
statement in multiple
formats(PDF, CSV,
XLS)
Convert Different
Statement Data Into
Structured Data
Format
Extract Data from
Bank Statement Files
Identify Penalties
Bounced Check &
Generate Report
Perform Income
Spend Analysis
Validate Credit/Debit
Entries

6. Benefits of Bank Statement
Analysis Automation
With AutomationEdge ready workflow solution,
banking organizations can help banking
organizations leverage several benefits like-
• Faster Loan Approval process
• Better Risk Management
• Real Time Monitoring

7. www.AutomationEdge.com
Hyperautomation Solutions...
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