Perform automated affordability checks using open banking or bank statements
Streamline your most complex cases by extracting insights directly from application documents
Seamlessly navigate consumer duty requirements with auditable suitability decisions
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Eliminate the time and complexity of manual review. Verify income and employment automatically using payslips and tax returns.
Instantly understand your customers’ financial position. Generate accurate, consistent, and repeatable affordability analyses while reducing manual errors. Compatible with both bank statements and open banking.
Minimise manual customer input and eliminate repetitive back-and-forth by pre-populating your application forms and ensuring accurate data submission on the first attempt.
“Sikoia allows us to integrate the identity data and financial insights we need into our consumer journey quickly and simply, helping us make home ownership accessible to more young people than ever before.“
Vincent Huber, CEO
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.
Automatically run affordability calculations from open banking or bank statement data. With granular transaction categorisation and insightful indicators, we reduce the risk of manual error and power the most accurate affordability assessments.
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Leverage our automated system for proof of income and employment, verified directly from payslips and tax returns. Streamline the verification process, ensuring accuracy and efficiency.
Enjoy a single access point with our unified dashboard and API integration to support all your customer verification needs. 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.
Streamline your operations by automating your document review processes and enable your back office to promptly make accurate decisions with a heightened focus on customer needs.
Address the typical 20% open banking drop-off rate by offering customers the flexibility to upload either bank statements or opt for open banking. Enjoy a seamlessly automated back-end and process, ensuring data submission without disruptions.
Swiftly cross-validate data to pinpoint, investigate, and rectify any irregularities. Our auditable decisions, incorporating affordability assessments consistently, significantly reduce regulatory risks.
Sikoia helps you manage the complexities of consumer lending suitability and affordability checks more efficiently. Turn the challenges of manual assessments and customer data collection into your strengths. Sikoia can helps you avoid unnecessary turnaround time and customer friction, while gaining an edge in precision and quality.
Want to dive deeper into our Solution? Our Product Sheet is your go-to resource for a comprehensive breakdown of what we offer. From the cutting-edge processes to the actionable insights generated.
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.
