ExactSum offers an AI-powered platform that automatically extracts and categorises transaction data from bank statements using computer‑vision OCR and language models. The service returns structured cash‑flow analyses and compliance‑relevant metrics via Excel reports or a REST API, enabling lenders and compliance teams to streamline underwriting, KYC, and audit workflows while maintaining data security.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions and professionals must manually extract and interpret data from diverse bank statements, a time‑consuming process prone to errors and limited by varying formats and security constraints.
Solution
ExactSum provides an AI‑driven platform that uses computer‑vision OCR and vision‑language models to automatically read, extract, and categorize transactions from bank statements of over 20 major banks and payment providers. Users securely upload PDFs or scans, and the system returns structured cash‑flow analyses, loan‑ability metrics, recurring income, overdraft risk, tax‑related HMRC entries, director transfers, and other compliance‑relevant data. The output can be downloaded as Excel reports or accessed via a REST API for integration into lending, KYC, brokerage, packaging, audit and compliance workflows, dramatically reducing manual review time while maintaining high accuracy and data security.
Target Audience
Primary users are lenders, loan brokers, loan packagers, compliance officers, and audit teams that need fast, reliable bank‑statement analysis for credit underwriting, KYC/AML checks, and regulatory reporting.
Features
- AI computer‑vision OCR that processes scanned, faxed or digital statements from 20+ banks and fintechs in a single pass
- Automatic categorisation of transactions into modules such as Balance, Loan, Overdraft, Recurring, Unpaid, HMRC, Director Transfers and Business Information
- Export of extracted data to Excel and downloadable lender‑ready summary packages
- REST API for programmatic upload and retrieval, enabling seamless integration with loan origination and compliance systems
- Secure, encrypted storage with industry‑grade data protection and optional zero‑retention or on‑premise deployment for enterprise customers
- Scalable pricing model with subscription tiers and per‑transaction fees, supporting high‑volume processing