"Verifying a customer’s identity, income, and documents has traditionally been a manual process, which can be time-consuming and prone to errors. "
- Alexis Rog, founder and CEO of Sikoia
Specialist loan brokerage Y3S has partnered with fintech firm Sikoia to enhance the efficiency of customer verification processes for both brokers and borrowers.
Sikoia specialises in helping financial services providers automate key parts of their customer verification processes and is regulated by the FCA as an Open Banking and credit reference provider.
Integrating Sikoia’s technology will enable Y3S to streamline essential tasks, including biometric identity verification (IDV), anti-money laundering (AML) checks, as well as automate the processing of key mortgage application documents.
Using Sikoia’s AI-powered Document Processing Solution, brokers can now extract verified information — such as affordability, income, and risk indicators from bank statements, payslips, and tax returns — in just minutes, saving over an hour per application.
Sikoia's solution offers improved accuracy, enhanced compliance and faster decision-making, integrating directly into broker platforms to simplify workflows without disrupting existing processes.
Barney Drake, CEO of Y3S, commented: “At Y3S, safeguarding our brokers and their clients is a top priority. Our partnership with Sikoia demonstrates our dedication to staying ahead of the curve in fraud prevention and compliance, giving brokers greater confidence in the solutions we offer. This partnership aligns with Y3S’s mission to provide exceptional service while upholding trust and transparency in the specialist finance industry.”
Alexis Rog, founder and CEO of Sikoia, added: “We are excited to partner with Y3S to bring our automation technology to their business platform. Verifying a customer’s identity, income, and documents has traditionally been a manual process, which can be time-consuming and prone to errors. Our technology not only speeds up this process but also ensures greater accuracy and reliability. With this integration, Y3S will be able to offer an even more efficient and seamless experience to their brokers and clients.”
