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Article
The realities of Bank Statement Processing in 2025
Every day, financial services teams handle mountains of documents, and bank statements are often among the most painful.
Financial services thrive on trust, speed, and accuracy - all of which rely on handling data and documents correctly. Sikoia delivers a purpose-built solution for the UK market, giving banks, lenders, and fintechs a data processing infrastructure that is both powerful and reliable, thanks to its multi-layered validation process.
Behind every lending decision, account opening, or compliance check lies a mountain of paperwork: customer statements, identification, income proofs, and more. Despite advances in automation, banks and financial service providers still spend significant time deciphering and confirming these varied documents. Regulations demand accuracy and thoroughness, leaving no margin for error.
But the reality is, documents are messy: formats change, data might be incomplete, and manual reviews quickly become slow, repetitive, and prone to oversights. This not only increases operational costs but also leads to frustration for customers waiting to move forward.
Sikoia is purpose-built to take the complexity and delays out of document processing, transforming it from a pain point into a streamlined, dependable step in your workflow.
1. Data Ingestion: Connecting multiple sources
2. Classification & Extraction: Multiple layers, maximum accuracy
We don’t rely on one technique. Instead, Sikoia uses an adaptive mix at each stage:
3. Validation & Enrichment: Tailored checks for every document
Sikoia applies business-specific validation logic based on document type. We examine metadata, structure, and each data field for quality and coherence. Extensive data quality and consistency checks ensure only the best information moves forward.
4. Task Automation: From data to results
Validated data is put to work with:
Tandem Bank partnered with Sikoia to accelerate their income verification process, cutting processing times from 30 minutes to just seconds - all without sacrificing accuracy or compliance standards. This speed uplift transformed their onboarding experience and operational efficiency.
Similarly, One Mortgage System (OMS) integrated Sikoia’s AI-powered document processing into their CRM and origination platforms. This integration reduced paperwork, streamlined broker-lender collaboration, and allowed users to focus on serving their customers rather than managing documents.
These examples highlight how Sikoia’s technology is helping leading UK financial institutions unlock faster, smarter, and more compliant workflows, delivering real business value at scale.
With Sikoia, you get a scalable, UK-focused solution that transforms document processing from a pain-point into a competitive advantage.
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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