Precisa is a cloud-based financial-analysis platform for processing bank statements, tax returns, credit reports, and transaction data. The platform supports credit assessment, financial investigations, fraud detection, and anti-money-laundering workflows.

Key Capabilities

Bank Statement Analysis: Extracts and analyzes data from bank statements to support financial review and credit decisions.
Tax Return Analysis: Processes GST returns and income-tax returns for business-performance and creditworthiness assessment.
Credit Report Analysis: Uses financial records and credit-report data to support lending and risk-review workflows.
Multi-Account Analysis: Analyzes data from multiple bank accounts for complex financial investigations.
Fraud Detection: Identifies patterns associated with suspicious transactions and possible document tampering.
Anti-Money Laundering: Supports screening and reporting workflows for potentially suspicious financial activity.
Account Aggregator Integration: Supports consent-based retrieval of financial data from participating institutions.
Web Application and API: Is available as a web application and an API for integration with loan-origination systems and enterprise workflows.

Audience & Use Cases

Audience: Lenders, banks, non-banking financial companies, wealth-management firms, insurers, financial investigators, tax authorities, and venture-capital firms.
Use Case: Reviewing loan applications, assessing financial risk, investigating transaction activity, and automating analysis of financial documents.

Technical Specifications

Deployment: Cloud-based web application and API
Data sources: Bank statements, GST returns, income-tax returns, credit reports, and account-aggregator data
Integration target: Loan-origination systems and enterprise workflows
Commercial options: The vendor offers subscription, usage-based, and enterprise pricing options.

According to the vendor, Precisa supports bank-statement processing across more than 850 banks, 50 countries, and 1,200 formats. The vendor also reports faster processing and high accuracy relative to manual review. Actual results depend on document quality, workflow configuration, data availability, and review requirements.

Precisa

What is Precisa?

Categories & Use Cases

Media

Precisa Alternatives