Sikoia Partners With Experian to Provide Further Automated Income and Employment Verification Opportunities   

The Experian Sikoia Partnership is transforming verification in financial services through AI-powered document processing. The solution accelerates income and employment verification by fusing Sikoia’s intelligent automation with Experian’s verification platform, which reduces time, increases accuracy, and facilitates lender decision-making.

 By deploying Sikoia’s AI-powered document processing technology as part of its comprehensive suite of verification services and solutions, Experian can now automate extraction and verification of key customer information directly from submitted documents.

 Experian offers a host of verification solutions including payroll data access, automated document processing, the digitisation of payslips, bank statements, and tax returns, in addition to access to Open Banking and HMRC open data connections.

Manual checks remain common in financial services, particularly in areas like mortgage and credit applications, where verifying income and employment typically takes around 30 minutes per case – though complex cases often take considerably longer.

 This partnership aims to reduce that burden by delivering faster, consistent, and fully automated verification, improving decision-making and the overall experience for lenders, intermediaries, and customers alike.

Alexis Rog, Founder and CEO of Sikoia, said, “At Sikoia, we believe in offering customers a flexible range of solutions that align with their existing preferences and processes. In many cases, customer-provided documents are required, and data can’t be verified automatically.

That’s where Sikoia’s technology makes a real difference – bringing AI-powered automation to traditionally manual tasks. We’re excited to partner with Experian to help drive greater efficiency and superior income and employment verification across the industry.”

David Bates, Managing Director, Credit and Verification Services, Experian UK&I, said: “Experian’s Verification Platform is driving great value and benefits for both employers and their employees and Sikoia technology will help drive further automation.

“It boosts financial inclusion by reducing barriers and friction in the journey, helping people confirm their income and employment records as fast as possible.”

 With Sikoia’s unique technology, in use cases such as mortgages where document proofs are always required, service providers can extract the data digitally to automatically complete the picture of an applicant’s financial position. This is also particularly useful in complex or edge cases where traditional data sources need to be supplemented.

 Beyond income and affordability checks, Sikoia offers built-in document integrity and tamper detection, along with advanced business logic to assess application completeness based on the specific policy requirements of service providers, generating real-time alerts and indicators to support getting the right data as quickly and efficiently as possible.

The announcement builds on Sikoia’s strong momentum with banks, lenders, brokers and technology providers, as well as its recognition as ‘Best Fintech Start-Up of the Year’ at the London Fintech Awards. Recent partnerships include Tandem Bank, TSB, ENRA Specialist Finance, Mortgage Advice Bureau, Finova, Mast and OMS.

With the Experian Sikoia Partnership, Lenders can now use AI-powered employment verification, which streamlines and accelerates financial decision-making.