Contributor
Akshat Sharma 11

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.