Consumer Lending

Automate income and affordability checks

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    Perform automated affordability checks using open banking or bank statements

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    Streamline your most complex cases by extracting insights directly from application documents

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    Seamlessly navigate consumer duty requirements with auditable suitability decisions

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YOUR VISION, REALISED

Modernise your customer journey and back-end processes

Automate proof of income and employment

Eliminate the time and complexity of manual review. Verify income and employment automatically using payslips and tax returns.

Automate affordability insights

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.

Stand out with a better customer experience

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.

SUCCESS STORY

Powerful capabilities enabling seamless mortgage decisions

“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

HOW WE SOLVE IT

Solutions for Consumer Lending 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

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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.

Income and employment

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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.

Unified data marketplace

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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.

Results for Consumer Lenders

Unlock success with Sikoia

Cut document review time by 75%

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.

Reduce open banking drop-offs

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.

Reduce fraud and regulatory risk

Swiftly cross-validate data to pinpoint, investigate, and rectify any irregularities. Our auditable decisions, incorporating affordability assessments consistently, significantly reduce regulatory risks.

Automate your customer verification processes

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.

Getting started is easy

Get started quickly with our standalone portal; or plug in to your existing customer experiences or systems with our unified API.