Bank Statement Processing

Extract data from bank statements accurately & reliably

Docsumo's OCR technology processes bank statements in real-time with 99%+ accuracy helping you onboard customers in minutes. Filter transaction data to verify income and derive insights into customer spending habits. Automate your underwriting process by integrating bank statement API into your workflow.

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Bank Statement Processing

Challenges with Bank Statements Processing

Underwriters and operations team spend half of their time manually extracting and processing data from bank statements to verify income. Not only this process is slow, but it is prone of manual errors as well. With thousands of different formats, traditional rule based software is unable to convert bank statements to data reliably.

Moreover, extracted data needs to be categorized for deriving key attributes such as monthly income, average balance and previous loans for underwriting. This becomes a huge bottleneck to providing a better customer experience.


Docsumo is one of the most efficient and best-performing software for bank statements data capture. Let’s take a look at how Docsumo can be used for extracting structured data from bank statements in a matter of Seconds.

Docsumo is one of the most efficient and best-performing software for bank statements data capture. Let’s take a look at how Docsumo can be used for extracting structured data from bank statements in a matter of Seconds.
Standard fields that are extracted

You can easily add, delete and move any field.

Basic Information
  • Account Name
  • Account Number
  • Bank Name
  • Opening Balance
  • Closing Balance
  • Books
  • Brokerage
  • Cash Back
  • Cash Deposit
  • Credit Card Payment
  • Cash Withdrawal
Fraud Checks
  • Publisher
  • Creator
  • Font Changes
  • Added Layers
  • High Cash Deposits

  • Line Items:
  • Description
  • Date
  • Debit
  • Credit
  • Balance
  • Category

Advantages of Docsumo's Automated Bank Statement Processing

< 30 sec
Processing Time
Reduce turnaround time from hours to minutes.
Cost Reduction
Halve your cost of operations when processing 50k+ statements/month.
Reduce manual errors and get precise data

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This is what your document processing operations could look like tomorrow
Based on real benchmarks from Docsumo customers, this is what we project for you and your team.
80 %
Straight through
$ 0
Total Cost
< 30 sec
processing  time
0 hrs
Total time
Projected ROI


Security and Accuracy in bank statements processing is what we strive for. Let's have a look into what you are ensured to have with Docsumo.

OCR Scanned Statements
OCR Scanned Statements

Our built-in intelligent OCR engine allows you to extract text from scanned bank statements as well as images.

Advanced Image Processing
Advanced Image Processing

Advanced image preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.

Extract Tables
Extract Tables

Extract multipage tabes from PDF bank statements and convert them to excel or JSON data for downstream processing.

Smart Filters
Smart Filters

Apply filters for dates, numbers and other regular expressions to extract data in desired format.

Bank Statement Processing Presets
Bank Statement Processing Presets

Docsumo comes with presets for processing invoices and extracting header data (invoice ID, date, totals, net, tax amounts) out of the box and without any training.

Automatic Email Parsing
Automatic Email Parsing

Auto-forward emails with attachments to a dedicated Docsumo email address. Docsumo captures text data from emails along with attachments.

Integrate with API or Webhooks
Integrate with API or Webhooks

Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.

Amazingly Fast Processing
Amazingly Fast Processing

It takes less than a minute to import a document, process it, extract all data fields from it and send the data to other apps.

Batch Uploads
Batch Uploads

Simply drag and drop documents from your local disk to upload your files in batches. You can also use our API or cloud integrations to automatically import your documents.

Easily Download Data
Easily Download Data

Docsumo converts PDF to CSV, Excel, JSON and XML files formats. You can download extracted data for any date range in the format you like.

Watch Docsumo in action

We’d love to show you how you can increase your productivity, process your documents faster and save operations cost!