Y3S partners with Sikoia to cut admin time and automate processes

09 January 2025

London-based fintech Sikoia has announced a new partnership with specialist loan brokerage Y3S, aimed at significantly enhancing the efficiency of customer verification processes for both brokers and borrowers.

By integrating Sikoia’s advanced technology into their business, Y3S will streamline essential tasks, including biometric identity verification (IDV), Anti-Money Laundering (AML) checks, as well as automate the processing of key mortgage application documents. This partnership marks a significant step forward in modernizing administrative workflows within specialist lending.

Sikoia’s AI-powered Document Processing Solution eliminates the labour-intensive work of handling customer documents. 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.

Key benefits of Sikoia’s solution include:

Time savings: Automates manual tasks, freeing up brokers to focus on higher-value activities.
Improved accuracy: Reduces human error by ensuring precise data extraction and verification.
Enhanced compliance: Strengthens fraud prevention and regulatory adherence by automating AML and IDV processes.
Faster decision-making: Speeds up loan applications by providing verified data in minutes.
Seamless broker experience: Integrates directly into their platform, simplifying workflows without disrupting existing processes.

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. It works with fellow fintechs and large established institutions in more than three countries and has quickly established itself as a leading voice in the integration of AI in financial services.

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.”

For further details on Sikoia’s solutions and how they enhance financial workflows, visit Sikoia’s website at: www.sikoia.com