Bank statements

We categorize raw bank statement data into precise income and expense categories and calculate sustainable income.

Transaction categorization

Our proprietary automated solution classifies bank account data into 55 income and 88 expense categories, including dedicated risk categories.

Bank statements for assessment can be submitted in PDF format. Data can also be received in a format compliant with the Berlin Group NextGenPSD2 standard.

Sustainable income calculation

Based on all available income data, we calculate 4, 6, and 12 month sustainable income in accordance with the requirements of the Bank of Lithuania.

The sustainable income calculation methodology is continuously updated to reflect the latest regulatory requirements of the Bank of Lithuania.

Benefits

For your organization

  • Higher application approval rates
  • Increased eligible loan amount for customers
  • Additional data points for enhanced risk assessment
  • Full compliance with Bank of Lithuania requirements and GDPR
  • Compatible with multiple bank statement formats
  • Consulting support for implementation and optimization of bank statement data usage

For your clients:

  • Improved user experience (UX) when submitting personal financial information
  • Higher probability of credit approval
  • Access to better credit terms
  • Opportunity to improve their credit score
Bank statments
Data
Models
nBKA system
nBTS system
Solutions for individuals
Consultations