Sikoia has partnered with banking platform Mutual Vision in a bid to reduce the administrative work involved in cases and deliver a better experience to brokers and borrowers.
The collaboration will see Sikoia’s products integrated into Mutual Vision’s product offerings.
This will provide lenders with access to numerous features, including an automated processing of customer application documents, company credit bureau reports, consumer credit bureau reports, PEPs (Politically Exposed Persons) and sanctions checks, and more.
Sikoia specialises in helping financial services providers automate key parts of their customer verification processes and is regulated by the Financial Conduct Authority (FCA) as an Open Banking and credit reference provider.
Its latest AI-powered document process solution, launched in Q1, automates more than 75% of the labour-intensive tasks involved in handling documents supplied by customers.
As a result, users can automatically extract verified information covering affordability, income and risk indicators from bank statements, payslips and tax returns.
Alexis Rog (pictured), founder and CEO of Sikoia, said: “We are thrilled to be working with Mutual Vision. Customer verification and checks are a core part of the mortgage process, but for years have been a manual job for lenders to undertake.
“Our products leverage technology so that these tasks are carried out faster, more accurately and more reliably, and the Mutual Vision partnership means that far greater numbers of lenders – and by extension their customers – will benefit.”
Tim Bowen, CEO of Mutual Vision, said: “Mutual Vision wants to offer cutting-edge, next-generation technology.
“So, we built MV Solar on Mambu’s lending engine while Microsoft is our cloud partner. We always aim to work with best-in-class providers, and we adopt or recommend partners where relevant.
“Sikoia are, therefore, a natural fit for Mutual Vision. They’re offering best in breed solutions, and we want to work in partnership with them.”
