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
Mortgages
Reduce your admin work from hours to minutes
- Make informed and precise decisions with configurable unique affordability and budget planner insights.
- Accelerate loan approvals while minimizing errors and susceptibility to fraudulent applications.
- Boost operational efficiency through automation, including affordability analysis, compliance checks, and bank statement tampering detection.
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YOUR VISION, REALISED
A Unified Platform for mortgage providers
Automate affordability insights
Upgrade from manual and time-consuming bank transaction analyses to automated processes, leading to fewer manual errors and the ability to make more accurate and consistent decisions.
Enhance customer experiences
Support more ways for customers to provide you data through innovative solutions such as Open Banking and Bank Statement ingestion and categorisation, or IDV checks and automated AML screening, reducing unnecessary back and forth with the customer.
Reduce manual errors
Automate the labour-intensive, manual processes involved in mortgage underwriting and compliance, reducing application turnaround time and leading to a significant reduction in operational costs without sacrificing quality or adherence to regulations.
HOW SIKOIA SOLVES IT
Tailored solutions for mortgage providers
Unlike one-size-fits-all solutions, Sikoia's provider-agnostic platform enables seamless integration of your preferred data sources and partnerships, ensuring a custom solution for optimal business outcomes.
Affordability Insights
Gain immediate insights from bank data, standardised across Open Banking and PDF Bank Statements. With customisable transaction categorisation and configurable flags and risk indicators, we reduce errors and power the most accurate affordability assessments.
Case Management
Effortlessly review, investigate, and resolve cases. Our unified client data dashboard prioritises each case, enabling clients to amalgamate all pertinent information, from IDV requests to status updates. Collaborate effectively, manage access, and ensure informed decision-making every step of the way.
Unified Data Marketplace
Enjoy a single access point with our unified dashboard and API integration to support and elevate your existing processes. Centralise and unify applicants’ identity and financial data, including key affordability data points from Credit Bureaus, PEPS/Sanctions, Adverse Media, IDV, Open Banking, or data extracted from financial documents, ensuring a comprehensive overview.
RESULTS FOR MORTGAGE PROVIDERS
Unlock success with Sikoia
75% efficiency gains
Reduce manual reviews for brokers and underwriters, significantly boosting efficiency and customer focus. Our innovative tools support a remarkable 75% workflow boost, letting you make more appropriate decisions more quickly.
20% conversion increase
Streamline your verification process by accepting applications without any Open Banking dependencies, improving customer inclusivity and accessibility.
Reduce transaction tampering
Combat fraud by quickly cross-validating data to identify, investigate, and address any inconsistencies.
ROI CALCULATOR
Boost your bottom line with efficient automation of customer bank data categorisation to automatically run affordability insights and flag common risk factors, uncover cross-selling chances, and supercharge efficiency.
- Extraction success rate of 98%
- 75% estimated efficiency gains
- £ savings depending on your current processes
See the benefits for your own business – simply enter your estimates into the calculator to see the impact Sikoia can have.
Streamlining mortgage assessments
Sikoia helps you manage the complexities of the mortgage assessment process, more efficiently. Turn the challenges of manual assessments and customer data collection into your strengths. Sikoia can help you gain an edge in precision, quality, and agility, all tailored to your unique operational needs. But we don't stop at efficiency: our system ensures that compliance never becomes a barrier to genuine customer engagement.
Deep dive with our Product Sheet
Learn on your own time; what and how these checks are conducted as well as what output insights.