Built for car finance lenders and brokers
Automate documents and Open Banking in one flow
Approve complex cases in seconds
Process customer documents and Open Banking data with the same level of automation. Our AI-powered data platform delivers faster, more accurate affordability assessments - without manual review.
Minimise customer data entry while maintaining consistent, auditable checks. Support Consumer Duty requirements, reduce fraud risk, and eliminate human error through intelligent automation.
Reduce manual document reviews by up to 75%. Automatically validate the integrity, completeness, and accuracy of customer-submitted documents such as bank statements and payslips - so your team can focus on approvals, not admin.
“Our goal is to build a lender that works for dealers, while opening up access to car finance for customers who are too often overlooked. Partnering with Sikoia means we can make this vision real, delivering a transparent, dealer-first experience with confidence in every decision.”
Chris Bosworth
CEO of Finclusion, a new challenger in the UK car finance market
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AI-powered customer document processing automates how affordability and financial evidence are assessed, delivering consistent, explainable inputs that underwriting teams can trust across every case.
Sikoia supports prime and near-prime motor finance by strengthening affordability assessment in line with FCA expectations on decision quality.
Rather than relying solely on credit scores and static rules, Sikoia verifies income, commitments, and expenditure using open banking, bank statements, and supporting documents. This creates a clearer, evidence-based view of whether a customer can sustainably afford the proposed loan.
What is included:
Application completeness checks
Document integrity checks
Income and employment checks from open banking and/or bank statements, payslips and tax returns
Affordability checks from open banking + bank statements
Designed for providers looking to modernise affordability assessment across their core motor finance portfolio while remaining firmly aligned with regulatory expectations.
Sikoia allows you to layer in additional checks where risk, policy, or regulation require it. Integrate credit bureau, identity, AML, open banking, and document data into your own systems or use our ready to go portal.
-to-Apply enhanced checks only where needed, maintain consistency across decisions, and keep a clear audit trail without adding unnecessary friction for customers.
Turn “maybe” into “yes.” Approve customers others decline with clear, auditable affordability evidence - boosting conversion and regulatory confidence.
Instantly validate documents and Open Banking data. Reduce manual reviews, free up your team, and cut operational costs.
Better data means better decisions. Ensure explainability, auditability, and compliance - while responsibly lending to underserved customers.
Sikoia’s Motor Finance product combines open banking, bank statement analysis, and supporting documents to deliver a complete, evidence-led view of affordability and creditworthiness. Where required, you can layer in credit bureau data and ID&V checks within the same workflow, enabling confident, explainable decisions across prime and near-prime customers while staying aligned with FCA expectations on decision 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.
