Solutions

What we do

• AI-Powered Document Processing
  Verify customer-supplied information instantly

• Affordability Insights
  Automated open banking and bank statements checks

• Income and Employment verification
  Automated payslip, tax and bank statement checks

• Document Integrity Checks
  Verify customer documents at submission

• All-in-One Verification Marketplace
  Access multiple data providers through a single platform

Sectors

Who we work with

• Mortgages
  Automated proof of income and affordability

• Motor Finance
  Approve complex cases in seconds

• Consumer Lending
  Automation for near- and sub-prime clients

• Tenant Referencing
  Automate and reduce client touchpoints

• Other Regulated Business
  Instant customer verification

Access

How you can use us

• Business User: Ready-to-go dashboard
  Deploy white-labelled flows and decisioning checklists

• Developer: Integrate with your existing systems
  Use our API to reduce manual entry in your onboarding

Free up 20% of your time by automatically processing mortgage application document

Are you a broker looking to reduce admin time and cut costs with cutting-edge technology? Sikoia’s Document Processing Solution is designed specifically for brokers—and we’re offering selected brokers a free trial to experience it firsthand.

No integration required – simply log in to our portal and get started.

All we ask for in return is your honest feedback.

Sounds intriguing, but how does it work?

Create a case (or application)

Log-in to the Sikoia portal and create a case for either a single or joint application.

Upload documents

Upload your customer documents via our secure platform (FCA regulated and ISO certified).

Retrieve insights

Retrieve validated income and employment data, extracted using our advanced AI and proprietary models.

Learn more about the solution

How does Document Processing work?

Sikoia's AI-Powered Document Processing solution automates manual document reviews of customer applications. Our AI-powered tool extracts insights from bank statements and payslips and generates automatic verification of income and employment.

• Are you spending 30min to over a 1 hour on bank statements and payslips? This can now be reduced to a few seconds.

• Automate your income, employer and affordability checks and generate automated flags and risk indicators.

• Automatically check for application completeness, ensuring documents meet your requirements and are not fraudulent.

Explore our Product Sheet

Our Product Sheet is your go-to resource for a comprehensive breakdown of what we offer.

• Payslips: upload all payslips in any format, whether scanned, images or PDF, and generate automate insights per applicant.

• Bank statements: upload all bank statements submitted and Sikoia will automatically provide a summarise income and expense profile at application level.

• Check that a document meets all requirements to ensure the right file is being provided at the point of document upload.

A bit more about Sikoia

Sikoia is a London-based Fintech that helps financial services providers automate key parts of their customer verification processes. Offering centralised access to well-organised customer data, Sikoia provides automated insights that streamline the onboarding experience. Its solutions are designed for easy integration into existing systems through API integrations or can be directly accessed via its user-friendly Customer Evaluation Dashboard.

Who Benefits?

Whether you’re a broker, underwriter, or part of a back-office team, Sikoia helps you stay efficient and focused:

Mortgage Broker

• Time savings: Documentation review time can be reduced from hours to minutes.

• Automated processes: Sikoia automates identification of gaps, document reviews, and verification of crucial factors such as income, employment, affordability, address, and identity.

• Elimination of redundancy: Manual keying of repetitive information between customers, brokers, back-office teams, and underwriters is eliminated.

Your Customers

• Reduce data entry: Customers can significantly reduce time spent keying information with Sikoia's automated pre-population of over 40 fields from document data.

• Instant validation: Instant cross-validation checks following document submission minimise unnecessary back-and-forth communication with brokers and lenders.

• Real-time feedback: Completeness checks are displayed directly upon file upload, providing instant customer feedback, and reducing the time required to complete a mortgage application.

Efficiencies at a company level

• Cost reduction: By cutting document handling expenses and time by 75%, Sikoia ensures consistent decisions and significant cost savings, potentially reaching millions for mid-sized financial institutions.

• Risk Mitigation: Automatic, real-time document checks mitigate operational and regulatory risks, ensuring accuracy. Verified data extraction eliminates the need for repeated validations and maintains full auditability.

• Operational Focus: Redirecting team efforts to value-added tasks increases efficiency and allows for more focus on complex cases, ultimately enhancing throughput.