Bank Statement Analyzer

Abstract

In today's world money transfer has become an easy process because of evolving technologies in the banking domain , people are doing hundreds of transactions in a day, and thousands in month which makes it difficult to manage their spendings to have control over their spending.so having the system or technology which analyse the transactions provided it in PDF format like Bank Statement and it provides you back with the data in easy and understandable format that helps you to manage your spendings will be beneficial for all the users. Bank Statement Analysis is a methodology to study the bank statement provided by various banks as per your spending/earnings.Bank Statement Analysis helps individual to keep track of his/her spendings and have control over it.It will also help banks to have maximum satisfaction of their members/customers. There are various pre existing systems , websites which provide the analysis of the bank statement but it’s complexity is high to understand and it cost more than expected for individual to do analysis of his/her bank statement. the output provided by pre existing systems is not simplified hence it costs time for user to understand and reduces their progress. We are aiming to innovate a system which will intake an bank statement of an individual and process the data and categories the data into meaningful fields and will do some mathematical calculations to provide the systematic and diagrammatic view of created fields which will increase the understanding of the user and indirectly will increase the efficiency.The cost and time require for the analysis will be very less and efficiency is 100%.