Bank Statement Analysis (AI)
- Mentors
- jeremy engelbrecht
- Organization
- The Mifos Initiative
- Technologies
- python, machine learning, nlp, FinTech
- Topics
- machine learning, fintech
The opportunity to assist Mifos achieve its goal of "Ending Poverty One Line of
Code at a Time," excites me. Working on bank statement analysis (AI) is something I would like to contribute to. I want to join this mission in
order to learn more about different financial phenomena, actively participate
in interdisciplinary collaboration, and utilize Mifos tools and support. Through
my involvement, I hope to solve current difficulties in the rapidly developing
financial digital environments and significantly advance the field of financial
research.
The goal, which I wish to participate in, is to bridge the gap between
theory and practice in the financial sector and to optimize implementations using AI.
I've always wanted to work in the field of financial technology more
thoroughly because I have done a lot of research in the past. I became
enthralled with it since I could understand a lot of it.
In this project, I'll utilize decision trees and natural language processing (NLP) to classify different expenditures and credits on bank statements. This would be created as a Fineract add-on module that uses data tables to link the analysis of bank statements to the records in Fineract.