IDfy's Bank Statement Analysis API extracts and analyzes financial data from bank statements using AI/ML technology. It processes customer and account information, calculates income and balances, and detects fraudulent activities including tampered statements and suspicious transactions. The tool works with multiple document formats like PDFs and digital statements, providing outputs in Excel and JSON formats. It evaluates more than 20 parameters for fake statement detection and includes a customizable scoring system to support credit decision-making.
