Works seamlessly from PDF bank statements and/or open banking
Unique database of bank statements templates to derive consistency checks and recognise any anomalies
Categorisation capabilities that can be tailored to your needs
In today's competitive financial landscape, digitisation and process automation are essential. Open Banking has transformed data access, but that's just part of the equation in many use cases. Enter Sikoia's Affordability Insight. It automatically derives sophisticated analyses from Bank Statements and Open Banking alike.
Our Document Integrity feature instantly flags and rejects unusual or suspicious documents, such as those with missing pages or inconsistent information.
Automated integrity validation
Reduced risk of fraud
Enhanced document confidence
Our Document Validation feature assesses documents in real time to ensure they meet your policy requirements.
Instant document validation
Real time feedback to customer
Customisable to your unique requirements
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Our Application Completeness feature checks if all required documents for an application have been submitted, without any manual input.
Simplified submission process
Reduced application delays
Less back and forth communication
Improve financial analysis and affordability checks with our integrated transaction categorisation engine, enabling more streamlined and accurate affordability assessments.
Enhance customer experience with diverse data input and intelligent automation for accuracy, Consumer Duty support, trust, and satisfaction.
Enhance risk controls by standardising and automating processes at scale, reducing operational risk. Shift from spot checks to risk-based checks, improve efficiency, and integrate audit capabilities for comprehensive oversight.
Reduce manual reviews for brokers and underwriters, significantly boosting efficiency and customer focus. Our innovative tools support a remarkable 75% workflow boost, enabling quicker and smarter decisions.
Streamline your verification process by accepting applications without necessarily requiring Open Banking connections, improving customer inclusivity and accessibility.
Combat fraud by quickly cross-validating data to identify, investigate, and address any inconsistencies.
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% cut in manual reviews of customer documents
£ 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.
Enhance your business operations with our tailored approach, designed to streamline processes, spur growth, and improve customer experiences - all while staying compliant.
Cut administrative time and costs by 75% with our AI-powered solutions. Our system automatically processes mortgage application documents, providing instant checks on income, employment, affordability, and more.
Automate income and affordability checks using open banking or by uploading bank statements and payslips. Navigate customer duty requirements with auditable suitability decisions.
Speed up your lending decisions with immediate access to comprehensive company registration, financial, and AML data using only a company name. Streamline the prequalification process and approve applicants faster. Enhance the accuracy and speed of your decisions to expand your customer base effectively.
Streamline your referencing process with instant income, employment, and affordability verification. Identify red flags early with real-time risk indicators and reduce client touchpoints without compromising on compliance. Accelerate decisions, minimise manual work, and deliver a smoother experience for both agents and tenants.
Navigate KYB challenges swiftly and accurately, while staying compliant in a dynamic international regulatory environment. Efficiently process high volumes without overlooking crucial details. Achieve a perfect balance between strict compliance and delivering outstanding customer experiences.
Simplify customer and business authentication, reducing client touchpoints and friction while maintaining compliance. Our system orchestrates automated checks tailored to your specific regulatory needs and risk policies.
Sikoia’s Affordability Insights combines configurable categorisation and analysis with universal bank transaction ingestion, regardless of how your customers provide their data. Effortlessly extract vital data to support comprehensive analysis, streamlining complex tasks such as loan assessments, affordability checks, cross-validations, and more. Sikoia lets you digitise and automate complex financial workflows.
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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.
