Bank Statement Analysis with Patascore
By utilizing our credit scoring platform Patascore, we have formed collaborations with players in various sectors such as agriculture, finance (banks and microfinance institutions), and telecoms among others.
Through this collaboration, institutions can easily assess the creditworthiness of their consumer and business segments of their customers by leveraging the Patascore bank extraction feature to analyze transactions on the customers’ bank statements.
Patascore analyzes the spending habits, turnover, expenses, overdrafts, and behavior of the customer, offering a comprehensive view of a business’s credit profile. Partners can, therefore, gather essential information to assist in their lending decisions, such as:
- Spending/Expense Assessment;
By analyzing the bank statement, the partner can examine the customer’s regular expenses such as utilities, fuel, rent, or mortgage payments. This analysis aids in determining the customer’s financial management skills.
2. Spending patterns:
By observing a customer’s spending patterns, one can evaluate if the customer tends to overspend, has outstanding debts, or indulges in gambling. These factors could potentially impact their ability to repay.
3. Income behaviors
Patascore empowers partners to scrutinize their customers’ income trends by analyzing bank statements. This analysis can offer a comprehensive perspective on a customer’s income, enabling the partner to evaluate the regularity of their income sources, such as deposits, business revenues, and so on.
4. Cash flow analysis
By examining the bank statements, partners can assess their customer’s cash flow to ascertain whether it’s negative or positive. This analysis can contribute to determining the customer’s creditworthiness and provide an estimate of the amount of credit the customer can manage sustainably.
5. Fraud Management & Legal Issues
Patascore enables partners to detect any inconsistencies in bank statements that might suggest fraudulent activities. Furthermore, any indications of legal problems, such as bankruptcy, would be evident in the bank statements and could potentially affect a customer’s creditworthiness.
6. Overdrafts
Patascore offers a platform that allows partners to identify any financial instability, leverage, or other credit lines. This includes frequent usage of overdrafts or recurring instances of bounced checks.
To learn more about the bank statements feature, book a demo with us and contact us at bd@pezesha.com or call 0703237660.