Statements

At Falcon, we believe transparency, clarity, and timely financial insights empower our customers to take control of their financial lives. Our statement management system is designed to provide comprehensive, accurate, and easy-to-understand financial statements across all Falcon products.

🧾 What Are Financial Statements?

A financial statement is a detailed, periodic report summarizing all account-related financial activities within a defined billing or statement period. It includes transactions such as purchases, payments, fees, interest calculations, adjustments, and balances. Falcon statements help customers track their financial behavior, manage repayments, reconcile accounts, and stay informed about their financial health.

📄 Statement Generation in Progress

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Statements are automatically generated with transaction details, balances, and due dates.

🌟 Why Choose Falcon’s Statement System?

Real-Time, Reliable Data: Always accurate and up to date
Designed for Users: Intuitive layout, mobile-friendly access
Flexible and Scalable: Supports all Falcon products and custom billing cycles
Built for Integration: Developer-first APIs for partners and fintechs

🔄 Statement Lifecycle and Components

Falcon’s statements follow a structured lifecycle, carefully crafted to provide meaningful and actionable financial information:

🛠️ Statement Generation

Created automatically at the end of a billing cycle (customizable).
Includes all posted and pending transactions.

🗓️ Statement Period

Time window for statement generation (e.g., monthly, quarterly).
Aligned with product types or user preferences.

🧮 Transaction Summary

Itemized record of:

Purchases, refunds, deposits, and withdrawals
Charges, interest, and adjustments

💰 Balance Calculations

Opening and closing balances
Payments made, interest earned, and due amounts

⏰ Payment and Due Dates

Minimum amount due, due date, and grace period
Alerts to prevent missed payments

Corporate vs. Retail Credit Card Statement Features

Feature	Retail Credit Card	Corporate Credit Card
Billing Cycle	Fixed (monthly)	Custom (weekly, semi-monthly, monthly, user-defined)
Statement Format	Individual account-based	Individual, grouped (by team/user), or consolidated
Custom Branding	Limited	Fully customizable (logo, headers, footers, legal text)
Employee-Level Breakdown	N/A	Yes, with per-user and department-level views
ERP/Accounting Integration	Export to CSV or PDF	CSV/PDF and ERP tags (Tally, NetSuite, SAP, Zoho, etc.)
Delivery Options	Email, App notification	Central email, bulk download, API push

💼 Statements Across Falcon’s Product Suite

The following is an overview of the statements of different products of Falcon.

💳 Credit Cards & Co-Branded Cards

Detailed merchant-level transactions
Available credit, rewards summary, and interest info

💸 Prepaid & Virtual Cards

Load history, spending patterns, and stored balance
Expiry dates and applicable fees

🏦 Savings Accounts

Deposit/withdrawal logs and interest earned
Periodic balance tracking

🧾 Digital Lending Products

Loan disbursement, EMI payments, and outstanding balances
Prepayment status and interest breakdowns

📲 Accessing and Managing Statements

Issuer Dashboard: View and manage statements via Falcon’s issuer dashboard.
Downloadable Formats: Download statements in PDF and CSV formats.
Real-Time Alerts: Get notified when new statements are available through email
Data Security: Statements are encrypted for safe document delivery.

🛡️ Compliance and Security

Compliant with global and local financial reporting regulations
Secure delivery using bank-grade encryption
Transparent audit trails and fraud detection systems
Customer data protected under Falcon’s privacy-first policies

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