AI-powered Bank Statement Extraction API

Unstract enables accurate data parsing from bank statements of any type, file format, and layout complexity—all without pre-training, manual annotation, and post-processing.

AI-powered Bank Statement Extraction API

A completely new and dramatically simple way to extract what you need for any bank statement.

PARSE BANK STATEMENTS IN ANY FORMAT

Input documents can vary in type and quality—they may be poorly scanned, photographed images, or include handwritten information.

HANDLE COMPLEX BANK STATEMENTS

• Handle intricate multi-column layouts with non-linear text flow.
• Process complex tables that span multiple pages, interspersed with logos, advertisements, and footers.
• Consolidate transactions—such as deposits, withdrawals, and credit card activities—from separate sections into a single, unified table.

NO MORE LIMITING DISADVANTAGES OF PREVIOUS GENERATION EXTRACTORS

• No more manual annotations and training
• Handling bank statement variants seamlessly without hiccups
• Extract data from long documents that involve natural language text

HANDLE VARIABILITY IN DATA FORMATS

• Inconsistent date, currency, and number formats.
• Table headers such as Date, Transaction Value, Description, Withdrawal, Deposit, and Balance can appear in any order, use different terminology, or be missing.
• Table footers such as Totals or Closing Balances may have varying names or be absent entirely.

Sample Table Data

No-code LLM Platform to launch APIs and ETL Pipelines to automate bank statement extraction

AI-Powered Bank Statement Parsing

How does it work?

WRITE PROMPTS TO EXTRACT THE REQUIRED DATA

Prompt Studio is an environment designed to create generic prompts quickly from a small sample of representative bank statements.

DEPLOY EXTRACTION API

Deploy the Prompt Studio project as an API. With API deployments, you can expose an API to which you send a PDF or an image and get back structured data in JSON format.

DEPLOY ETL FOR BANK STATEMENT EXTRACTION

With ETL deployment, Unstract automatically scans bank statements from sources like Google Drive or S3 and stores the data in databases or warehouses like Snowflake.

LLMWhisperer: The Bank Statement OCR

Get complex bank statements ready for LLM consumption. LLM output is as good as the input you provide it. The perfect companion service to LLMs, it produces highly optimized output from bank statements in a way LLMs can best understand.

• A unique layout-preserving mode lets LLMs understand multi-column layouts, forms, and tables.
• State-of-the-art handwritten text detection means you can process challenging documents with ease.
• Checkbox and radio button detection means you can process forms easily.

Can deal with scanned PDFs and smartphone camera-captured documents with high fidelity.

Why choose Unstract Bank Statement Extraction API

Operational efficiency

Reducing manual tasks in bank statement processing accelerates loan approvals, enhances financial decision-making, and improves accounting efficiency.

Better Accuracy

Accurate bank statement parsing enables better lending decisions, improved auditing, and precise financial analysis.

Smarter decisions

Extracting relevant data that is always trustworthy and predictable helps make better financial, tax, and accounting decisions.

Automated Compliance

Unstract helps ensure that the bank statement extraction process meets established compliance standards and legal requirements.

Increase profitability

Faster turnaround times, reduced manual labor, and improved predictability in scaling help cut costs and improve profits.

Customer Satisfaction

Minimizing human-in-the-loop touchpoints reduces delays, enabling faster loan approvals, quicker credit assessments, and seamless claims processing.

Metrics

• Operational efficiency: 20% less human touchpoints
• Extraction accuracy: 80% accuracy

Frequently Asked Questions

• Why Unstract? Unstract fully leverages AI to rethink document processing from the ground up. One of the most common uses of LLMs is to go beyond what traditional IDP can do when it comes to structuring unstructured documents.
• How can I get started with Unstract for bank statement processing automation? We recommend taking a free 14-day trial of Unstract. You can also schedule a 1-on-1 demo with our experts.
• How can I test Unstract’s bank statement extraction API? We would recommend taking a free 14-day trial of Unstract.
• Is my data secure with Unstract? Unstract adheres to strict rules and regulations. We are SOC 2, ISO, GDPR, and HIPAA compliant.
• How much does Unstract cost for processing bank statements? The pricing is based on the total number of pages processed.
• Does Unstract support parsing scanned and photographed bank statements using OCR? Yes, Unstract supports parsing scanned and photographed income tax documents using LLMWhisperer OCR.
• How quick is setting up and integrating Unstract with my existing workflows? Bank statement extraction APIs are the fastest way to integrate Unstract.