Use the Bank Statement Analyzer to automate bank statement analysis of your customers. This merit extracts the list of bank transactions and customer’s accounts and identity information in real-time, and generates an exhaustive list of predictors to automate your underwriting process.
We currently support the most popular and top banks and financial institutions across Latin America in Mexico, Brazil, Colombia & Peru.
- Check our list of supported institutions for more information.
- This can be integrated through our mobile & web SDKs and through our direct link.
User have two ways to submit bank account statements:
- Provide their bank login credentials
- Upload bank statements
The following GIF shows a user flow using bank statement uploads using Metamap's prebuilt UX:
- Response in <10s
- Opt-in rate >95%
- Largest financial institution coverage in LATAM
As a first step, users are provided with a variety of methods where they can share access to their financial data. They are provided with explanations relating to how their data will be accessed and used. With their consent, this data is then parsed, extracted and enriched and returned in a variety of formats.
There are 3 main steps to set up the Bank Statement merit:
- Setup your metamap on the dashboard
- Use our quick start integration steps
- Review the verification results
The first step to setting up a Bank Statement merit is to create a new metamap in the Dashboard. Once you've created a new metamap, add the Bank Account product to the user flow, and enable the countries that you want to support.
Currently you can use Metamap's Bank Statement in two ways:
- Metamap Button — Integrate our MetaMap Button SDK into your application to use our prebuilt UX
- Direct Link — Receive a URL link that you can send to your users
Use our SDK integration if you want to use Metamap's verification tools but design your own experience for your users.
To implement this:
If you are not a developer, or you don't have the resources to integrate at this time, you can start using the product in minutes without any code with our Direct Link.
To implement this:
- Set up the metamap for Bank Account Data in the dashboard
- Get the Direct Link
- Send the Direct Link to your users
There are two main ways to visualize and use the data
Dashboard Verification Results
In the dashboard, visit the Verifications tab, and click on a Verification to review the results.
Webhook Verification Results
You will need to configure your webhooks, then handle the webhook responses that will be sent to your webhook URL.
The following webhook ID corresponds to the Bank Statement Analyzer merit:
|Transactions||Individual debit and credit items||$2307.21 spent at the Apple Store in San Francisco California|
|Balance||Current amount within an account||$10030.02 is in Salma's checking account|
|Account||Individual account information within a financial institution||Salma's checking account at Bank of America with IBAN of X and Swift Code of Y|
|Identity||Personal information||Salma Hayek has an email of [email protected] and is located in Mexico|
Data input availability is indicated with a green dot().
The yellow dot () indicates availability in Q4'2022
|Institution Name||Country||Account Type|
|Banco Azteca||Mexico|| Personal|
|BBVA Bancomer||Mexico|| Personal|
|Hey Banco||Mexico|| Personal|
|Spin by Oxxo||Mexico|| Personal|
|Av Villas||Colombia|| Personal|
|Banco Caja Social||Colombia|| Personal|
|Scotiabank Colpatria||Colombia|| Personal|
|Banco Bradesco||Brazil|| Personal|
|Banco Inter||Brazil|| Personal|
|Caixa Economica Federal||Brazil|| Personal|
|C6 Bank||Brazil|| Personal|
|Itaú Unibanco||Brazil|| Personal|
Updated about 2 months ago