Software engineer

Ajimoti Ibukun  • Peerlist

<h3>Bank Statement Analysis and Conversion</h3>
StatementDecoder is a powerful tool designed to transform your bank statements into usable data formats. It supports a wide range of input types, including PDF, scanned PDFs, CSV, Excel, OFX/QFX, and even photos of your statements. The service goes beyond simple conversion by leveraging AI to identify the actual merchant for each transaction, even from cryptic descriptors like 'SQ*' or 'TST*'.
Key features include:
<ul>
<li>Comprehensive Format Support: Convert statements from over 5,000 banks worldwide into clean data.</li>
<li>Merchant Identification: Accurately identifies the real business behind each charge, providing a confidence level.</li>
<li>Subscription and Fee Flagging: Automatically detects and categorizes recurring charges, subscriptions, free trials that have converted to paid, price increases, duplicates, and bank fees. It groups recurring charges by merchant, showing their cadence, estimated yearly cost, and next likely charge date.</li>
<li>Reconciliation: Ensures the converted data reconciles with the statement's opening and closing balances, providing trustworthy financial insights.</li>
<li>Multiple Export Options: Export your cleaned data into CSV, Excel, QuickBooks (QBO), Xero, YNAB, QIF, OFX, or JSON formats, ready for import into your preferred financial tools.</li>
<li>Security: Prioritizes user safety by never asking for bank logins, redacting card and account numbers before storage, and deleting original files within 24 hours.</li>
</ul>
StatementDecoder offers a free tier for converting one statement page every 24 hours and free single-charge lookups. Paid plans provide enhanced features like bulk uploads and access to all export formats.