Sikoia partners with Y3S to improve customer verification

Published on

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

By integrating Sikoia’s 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.

Brokers can now extract verified information—such as affordability, income, and risk indicators from bank statements, payslips, and tax returns—in minutes.

Barney Drake, CEO of Y3S, said: “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 (pictured), 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.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of CO₂

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...

HTB provides £20m+ facility for land portfolio refinancing

Hampshire Trust Bank has completed a development finance facility in excess of £20m to...

Davisons Law joins conveybuddy panel

Conveyancing distributor conveybuddy has announced that West Midlands-based Davisons Law has joined its panel...

Latest opinions

A home shouldn’t be out of reach for those who keep the UK running

In a housing market that has grown steadily more selective, it is often those...

Richard Pike: A conference of positivity – Global ABS Day three

It’s time for reflection of the last three days here in Barca. To readers,...

Maximising embedded value and delivering a great service

While advisers understand the importance of looking after existing clients, nurturing your back book...

Open banking and smart data transformed finance – now it’s time to do the same for property

The UK is set for a 'smart data' revolution, a revolution which began with...

Other news

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of CO₂

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...