News
Bank of Ceylon enhances KYC & KYB with Sikoia
Sikoia is thrilled to announce its new partnership with Bank of Ceylon, designed to streamline their KYC and KYB processes, enhancing efficiency and compliance.
Sikoia announces partnership with Yapily to provide more extensive open banking access via its Unified Data Platform.
Sikoia, the unified data platform for financial services, is proud to announce its partnership with Yapily, a leading open banking technology provider. The partnership provides Sikoia’s clients with comprehensive access to both consumer and business UK bank accounts, allowing them easy, fast and secure access to customer financial information.
A flagship capability of the fintech renaissance, open banking provides safe and secure access to an unparalleled source of financial information, helping financial service providers better understand their customers’ financial positions and provide them with more suitable products. Sikoia’s partnership with Yapily surfaces this data into Sikoia’s Unified Data Platform, giving their clients access to best-in-class UK bank coverage and seamlessly incorporating financial data into their risk assessment processes, such as onboarding, due diligence, and episodic monitoring.
“We are excited to announce our partnership with Yapily, which provides our clients with best-in-class open banking access,” said Stephen Simmons, co-founder and CDO of Sikoia. "Our partnership with Yapily will help ensure that these clients can access the banking data they need, whether they are offering business or consumer financial products."
"Our partnership provides Sikoia’s clients with faster and easier access to banking data," said Stefano Vaccino, founder and CEO at Yapily. "Yapily’s extensive open banking coverage helps clients operate more effectively in the UK and across Europe."
Sikoia’s clients can access all the financial and identity data they need to support their customer onboarding and due diligence requirements through the Sikoia Unified Data Platform and integrated provider marketplace.
About Sikoia
Sikoia is a category-defining Unified Data Platform (UDP) and orchestration layer that enriches and aggregates customer data from disparate sources and systems to automate compliance and risk processes, such as customer onboarding and verification, or portfolio monitoring. Client engagement and risk operations teams use the Sikoia Portal to access a fully-enriched, 360° view of the customer, and power operational efficiencies, delivering faster decisioning and powering best-in-class customer experiences. For more information, visit www.sikoia.com
About Yapily
Yapily is a leading provider of Open Banking infrastructure, Yapily offers a powerful API platform that connects businesses with banks, enabling secure and seamless access to financial data and services. With Yapily's advanced technology, companies can effortlessly aggregate and utilize customer data from multiple banks and systems, eliminating the need for manual data integration and streamlining compliance and risk processes. For more information, visit www.yapily.com
If you find onboarding, monitoring and risk assessment processes to be inefficient we can help.
Sikoia Ltd is authorized and regulated by the Financial Conduct Authority (FCA) as an Account Information Service Provider (AISP) under the Payment Services Regulations 2017 (FRN: 942979) and as a credit reference provider (FRN: 942616). Sikoia Ltd is a credit broker and not a lender. Credit is subject to status.
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