Sikoia has struck a partnership with Finova, the UK’s largest cloud-based mortgage and savings software provider, to automate the verification of broker-submitted documents.
The move will embed Sikoia’s AI-powered document intelligence into Finova’s lending platform, allowing routine checks on items such as bank statements and payslips to be carried out automatically.
The technology will also support more complex affordability assessments by extracting structured data for underwriters to review.
Alexis Ron (pictured), chief executive and founder of Sikoia, said: “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.”
The integration is being presented as the first step in Finova’s broader plan to incorporate artificial intelligence and large language models across its systems. By cutting delays caused by document errors and repeated exchanges between brokers and underwriters, the companies believe the collaboration will ease pressure on lenders while improving the borrower journey.
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.”
The partnership builds on Sikoia’s recent work with Experian and Tandem Bank and is expected to extend to Finova’s broker CRM in later phases, enabling checks to be made earlier in the application process.
Rog added: “As lenders look to modernise operations, partnerships like this, combining Finova’s market presence with Sikoia’s AI-powered document intelligence, are essential to improving efficiency and customer experience at scale.”
