Finpass API Collection
    • Introduction
    • Bank Statement Analyser
      • Upload Statement
        POST
      • Statement Result
        GET

    Bank Statement Analyser

    Overview#

    The Bank Statement Analyser category provides a powerful suite of APIs designed to automatically extract, process, and analyse financial data from bank statements. These APIs enable businesses to transform raw bank statement documents into structured, actionable financial insights—eliminating manual data entry, reducing processing time, and improving accuracy in financial assessments.
    Category Details
    APIs in this category: Upload Statement, Statement Result

    Key Capabilities#

    Main Functionality
    The Bank Statement Analyser APIs provide automated document processing that extracts transaction data, account details, and financial metrics from bank statements in various formats (PDF, scanned documents). The system leverages advanced OCR and machine learning to deliver accurate, structured data output suitable for downstream financial analysis.
    Document Upload & Processing
    Securely upload bank statements in multiple formats including PDF and scanned documents. The system automatically queues documents for processing and returns a unique identifier for tracking.
    Intelligent Data Extraction
    Extract key financial data including transaction history, account holder information, opening/closing balances, and statement periods using advanced OCR and pattern recognition technology.
    Financial Analysis & Insights
    Generate comprehensive financial summaries including cash flow analysis, income categorisation, expense breakdowns, and anomaly detection to support informed decision-making.

    Common Use Cases#

    Lending & Credit
    Accounting & Finance
    Insurance & Verification
    Automated income verification for loan applications
    Cash flow analysis for creditworthiness assessment
    Debt-to-income ratio calculations
    Fraud detection in submitted financial documents

    Integration Considerations#

    Best Practices
    Implement proper error handling for document quality issues and unsupported formats
    Use asynchronous polling patterns when retrieving statement results to handle varying processing times
    Store the unique statement identifier returned by Upload Statement for subsequent result retrieval
    Validate document file size and format before submission to reduce failed uploads
    Implement secure storage practices for sensitive financial data returned by the APIs
    Important Limitations
    Processing time may vary based on document complexity, quality, and length
    Heavily redacted or low-quality scanned documents may result in reduced extraction accuracy
    Password-protected PDFs must be unlocked before upload
    Statement formats from certain regional or smaller financial institutions may have limited support
    Results are retained for a limited period; ensure timely retrieval of processed data

    How APIs in this Category Work Together#

    The Bank Statement Analyser category follows a straightforward two-step workflow where document submission and result retrieval are handled by separate, purpose-built endpoints. This asynchronous design ensures reliable processing regardless of document complexity.
    Key Integration Patterns:
    Upload Statement + Statement Result: The primary workflow—upload a document first, receive a reference ID, then poll the Statement Result endpoint to retrieve the extracted and analysed data once processing completes.
    Upload Statement (batch) + Statement Result (sequential): For multi-statement analysis, upload several documents in parallel, collect all reference IDs, then retrieve results sequentially or in parallel based on your application needs.
    Statement Result + Webhook Integration: Configure webhooks (if supported) to receive notifications when processing completes, then call Statement Result to fetch the final data without continuous polling.
    A typical end-to-end integration begins with calling the Upload Statement API to submit a bank statement document. The API validates the file, queues it for processing, and returns a unique reference identifier. Your application then uses this identifier to query the Statement Result API—either through periodic polling or webhook-triggered callbacks—to retrieve the fully processed output containing extracted transactions, account summaries, and financial analytics ready for use in your business logic.

    Related Categories#

    The Bank Statement Analyser works alongside other document processing and financial verification API categories to provide comprehensive financial assessment capabilities. Together, these categories enable end-to-end automation of financial document workflows.
    By integrating Bank Statement Analyser with related categories, organisations can build robust financial assessment pipelines—for example, a lending platform might use Identity Verification to confirm applicant identity, Bank Statement Analyser to assess cash flow patterns, and Income Verification to validate stated earnings, creating a comprehensive and automated underwriting workflow.
    Previous
    Introduction
    Next
    Upload Statement
    Built with