Translate bank transactions into meaningful data
Bank data is the immutable source of truth for a business. We parse bank transaction data either from PDF bank statements or aggregators like Plaid.
Leveraging our proprietary ML models, we extract key information from the transactions and categorise them into your desired output.
We work with all types of business lenders
Our customers use our products to increase revenue, speed and profitability
- Revenue boost
- Underwriting speed
- Credit limits
We help business banks, lenders, credit cards
Parse PDF bank statements
- We can automatically parse 90% of PDF bank statements with 99% accuracy, without any delays from having a human-in-the-loop
Analyze PDFs for fraud
- We analyze your PDFs to detect possible fraudulent manipulation. We will return a fraud score, along with any irregularities detected
- We use our proprietary ML model to analyze transactions, determine the counterparty and assign them to P&L line items
Create a cash-based P&L
- We take bank transactions, group them at the P&L line item level so you can get an accurate view of revenue and costs
Visualize applicant bank data
- We project revenue and costs over time so you can see your customers’ runway performance
Automate your underwriting
- Set thresholds to automatically filter out applications who do not meet various criteria for revenue or profitability
Monitor your loan performance
- Re-underwrite by dynamically reanalysing their portfolio. Extend more credit or manage risk based on customers’ realtime performance
Reconcile customer accounts
- Identify undeclared loans, indicators of mismanaged finances, and discrepancies with other data sources
Not a lender? We can also help you
- Add clean merchant names, icons, and other metadata to the data you get back from your issuer.
Automate ERP reconciliation
- Combine clean merchant data with a two-way accounting integration to allow your customers to map merchants to ERP vendors or tax codes.
What our customers say
“Anyone financing businesses knows that bank data is the immutable source of truth for a businesses’ financial health, it’s just really messy. Heron is best-in-class at making sense of that data. Building the tech ourselves instead of partnering with Heron would have been like hosting our own servers rather than using a Cloud provider. As soon as we tested the product, we knew it was a no brainer.”
“Working with Heron has been a hugely successful partnership for us at Torpago. We’ve been able to process applications more efficiently, reducing underwriting turnaround time by 96%, and improved our cash coverage ratio for customers by up to 10x.”
“Processing new applications is so much faster now, meaning that we are not only able to offer a much better customer experience with quick decisions, but also enable us to simplify the underwriting process and approve more applications.”
“I could go as far as saying that we almost wouldn’t be able to properly underwrite without Heron Data, or at the very least not do it in an effective manner. We would need to internally build a transactions tagging and aggregator tool, which would take us months and require us to hire data scientists, credit experts and developers”
“Since we started using Heron, our underwriters can re-construct an applicant's financials from bank data in minutes. It's transformed how much we can rely on bank data in underwriting.”
“I built a classification system for consumer transactions at a previous company - I know how hard it is. What the Heron team have built is truly exceptional. The accuracy for business transactions is best-in-class and they have literally saved us years of Data Science and Engineering effort.”
Build with confidence
Use our output to make critical decisions and power features. We built all the tools to give you access to, control over and trust in the data.
- We are SOC 2 Type 2 certified. Data is encrypted in-transit and at-rest and we follow strict security processes.
- We provide uptime and performance-based SLAs to ensure we provide what we promise.
- We maintain clear API Docs and provide sample SDKs for integration.
State-of-the-art ML Models
- Our highly skilled ML Team builds and trains cutting-edge and custom-built models.
- We re-train our models frequently to guarantee we provide an always-improving service.
- Responsive and direct customer support via Slack or Email.