AI-Based Bank Statement Verification Software

Bank Statements and Checks Analysis

Bank Statements and Checks is an AI-based enterprise application that offers a comprehensive set of features to automate the digitization, information extraction, and comprehensive analysis from a variety of bank statements and checks from various national and regional banks and credit unions that occur in diverse formats.

Use Cases

  • Digitises and reconciles data with bank statements and cheques

  • Analyzes income vs. expense trends

  • Alerts the analyst for unusual transactions

  • Generates “credibility score” for account holder based on the expense behavior

Collatio Serves


Automated Bank Statements and Checks Analysis Application to Clear all Hurdles

Bank Statements and Checks by Scry Analytics delivers tremendous gains in productivity and cost reduction while guaranteeing unprecedented levels of accuracy at scale. It is powered by extensive automation that is implemented at each stage of the process.

More Detail

Collatio has been built using
the following technologies

  • Bayesian

  • Reinforcement

  • Generic rule-
    based machine

  • Heuristic

  • Reverse

  • Data mining

  • Big data

  • Big data

Key Differentiators &
Business Benefits

  • User Interface and APIs

    Pre-built graphical user interface (GUI) & APIs for quick deployment & integration with clients’ existing workflow

  • Accurate

    90%+ accuracy achieved with pre-trained algorithms and domain ontology

  • Efficient

    Improved accuracy with up to 85% improvement in time and cost

  • Automated Fraud Detection

    Identifies if the document is tempered by analyzing fonts, layouts, and amounts

  • Data Enhancement

    Data enhancement and reconciliation with using external databases regarding ABA, IFSC, SWIFT, MICR, and related codes