Bank Statement Data You
Can Trust.
Xtracta automates bank statement extraction for lending platforms, financial services, compliance teams, and software companies. Every transaction from every statement, validated against opening and closing balances, and delivered as clean, structured data into your systems. No templates. No manual keying. Set and forget.
Every transaction extracted and structured in seconds
Opening and closing balances validated automatically
Mixed documents sorted and routed to the right workflow
Outlier transactions flagged for human review
Lending decisions backed by verified data, same day
Why Teams Switch to Xtracta for Bank Statement Extraction
Validation That Catches What Humans Miss
If the numbers don’t add up, Xtracta catches it.
Mathematical checks across opening balance, closing balance, and every transaction in between. Database lookups and third-party validation integrations. You can trust the data before it reaches your downstream systems.
Outlier Detection Built In
Find out-of-the-ordinary transactions before they become a problem.
Flag unusual transactions for human review using configurable rules and external data service lookups. Statements can be automatically scored to determine risk profiles based on the number and type of exceptions found.
Drop a Hundred Documents In. Xtracta Finds the Bank Statements.
Mixed documents sorted and separated automatically.
The engine identifies bank statements within large mixed-document uploads, separates them from other document types, and routes each through the right workflow. Multi-page PDFs split automatically. No manual sorting.
End-to-End Workflow Management
From upload to output, managed the whole way.
Queue handling with multiple stages (QA, rejection handling), document tracking, and easy-to-use data correction screens. Use these optionally through the API to manage the full processing pipeline without building your own.
What Xtracta Extracts from Every Bank Statement
Every field validated. Every balance checked. Multi-page statements handled automatically.
Account Holder
Account Number
BSB / Sort Code
Bank Name
Statement Period
Opening Balance
Closing Balance
Transaction Date
Transaction Description
Debit Amount
Credit Amount
Running Balance
Transaction Totals
Currency
Who Uses Xtracta for Bank Statement Extraction
If your business or your software processes bank statements at volume, Xtracta is built for you.
Lending Platforms
Mortgage Brokers
Credit Risk Teams
Affordability Assessment
Financial Data Aggregation
Compliance & Audit
Forensic Accounting
Business Loan Underwriting
Open Banking
Accounting Firms
How Bank Statements Get Into Xtracta
Applicants, clients, and internal teams can submit statements however they already work.
Input Methods
API Upload
SFTP (bulk)
Web Portal (drag and drop)
Mobile App
File Formats
Scanned images
JPG
PNG
TIFF
Multi-page documents
Mixed document bundles
Bank Statement Extraction in Action
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Paperless Environments
Read the case studyPaperless Environments’ construction clients were trapped by template-based OCR that broke whenever a subcontractor changed an invoice format — so only 4–5% used it. After embedding Xtracta’s self-learning AI into its pVault platform, manual data entry dropped 60–70% and OCR adoption among new clients soared from 5% to 70%.
: Paperless Environments -
Central Otago District Council
Read the case studyAfter moving to MAGIQ Cloud, Central Otago District Council’s legacy extraction tool turned unreliable and couldn’t support modern authentication. Switching to Xtracta brought self-learning capture and custom compliance checks that flag fields red or green — so operators review only exceptions, compliance is stronger, and staff can process invoices from anywhere.
: Central Otago District Council
“Bank statement data extracted, validated, and delivered into your systems”
FAQ
Automated bank statement extraction uses Document Intelligence to read bank statements, extract every transaction along with account details and balances, validate the data mathematically, and deliver structured output into your systems. No manual keying. No templates per bank.
Mathematical checks across opening balance, closing balance, and every transaction in between. If the numbers don’t reconcile, Xtracta flags it. Additional validation through database lookups and third-party integrations for further verification.
Xtracta can flag unusual or out-of-the-ordinary transactions for human review using configurable rules and external data service lookups. Statements can also be automatically scored to determine risk profiles based on the number and type of exceptions found.
Yes. Drop a bundle of mixed documents into Xtracta. The engine identifies the bank statements, separates them from other document types, splits multi-page PDFs, and processes each through the right workflow. No manual sorting.
Account holder, account number, BSB or sort code, bank name, statement period, opening balance, closing balance, every transaction (date, description, debit, credit, running balance), totals, and currency. Multi-page statements handled automatically.
Lending platforms, mortgage brokers, credit risk teams, affordability assessment, financial data aggregation, compliance and audit, forensic accounting, business loan underwriting, open banking, and accounting firms.
Learn more: How Xtracta Works – For Software Companies · For Partners · Customer Stories