Sikoia has partnered with Finova to automate the manual review of broker-submitted documents, a key bottleneck for lenders.
By integrating Sikoia’s artificial intelligence (AI) powered document intelligence solution into Finova’s lending platform, lenders can automate checks such as verifying dates and completeness of bank statements or payslips, as well as supporting complex income and affordability assessments.
The process aims to reduce errors, speed up decisions and allow underwriters to focus on higher-value tasks.
The partnership is part of Finova’s strategy to embed AI and Large Language Model (LLM) technologies across its platform.
The initial phase targets document handling, improving data quality and minimising back-and-forth between brokers and underwriters.
Structured data, including income evidence, will also be automatically extracted and presented in an accessible format to support faster and more informed decision-making.
Alexis Rog, chief executive and founder of Sikoia, said:n “Manual verification of customer-submitted information remains a major bottleneck for lenders.
“Our partnership with Finova demonstrates how Sikoia’s platform can solve this challenge at scale.
“With Finova powering one in five UK mortgages, we’re proud to share their vision of embedding AI into the lending journey to transform the experience for underwriters and customers.”
Rowan Clayton, chief product officer at Finova, said: “This partnership reflects Finova’s commitment to solving real, day-to-day challenges for lenders, brokers and consumers.
“By integrating Sikoia’s AI-driven document intelligence into our lending platform, we’re cutting the delays caused by manual checks and document errors.
“It’s a tangible example of how we’re using emerging technologies to streamline the mortgage and savings journey.
“This is just the first step in our broader strategy to deliver intelligent, connected solutions across both the lender and broker ecosystems.”
The collaboration builds on Sikoia’s recent integrations with Experian and Tandem Bank, as it scales its AI-powered customer verification solution across the financial services sector.
Future phases of the partnership will extend capabilities into Finova’s Broker CRM to improve document quality and compliance earlier in the mortgage process.
