Identifying Fraud: 5 Red Flags in Digital Bank Statements

Fraud is the silent killer of profitability in the MCA space. With the rise of PDF editors and "novelty statement" generators, bad actors are submitting documents that look perfect to the naked eye.

1. The "Perfect" Balance

Real bank balances fluctuate naturally. If a statement shows a daily balance that is suspiciously consistent or rounds to perfect numbers too often, it's a red flag. Algorithms can detect these statistical anomalies better than humans.

2. Misaligned Fonts and Kerning

When a line item is altered, the font metadata often breaks. Even if it looks right, the kerning (spacing between characters) might be off by a fraction of a pixel. Vyrex's document inspection layer detects these inconsistencies instantly.

3. Mathematical Discrepancies

The most common mistake fraudsters make is failing to recalculate the running balance. If (Previous Balance) + (Credits) - (Debits) does not equal (Current Balance) exactly, the file is doctored. Our system runs this check on every single transaction line.

4. Inconsistent Transaction IDs

Bank transaction IDs usually follow a sequential or algorithmic pattern. Sudden jumps or format changes in these IDs can indicate inserted transactions.

5. Ghost Competitors

Sometimes, the fraud isn't hiding bad data, but hiding other debt. "Cleaning" statements to remove competitor payments is common. However, these cleanings often leave artifacts or gaps in dates that AI can spot.

Protect your capital. Don't rely on the naked eye alone. Use tools that look at the code behind the PDF.