rewrite this title Sikoia Brings AI-driven Automation to Brokerage Simple Financial Planning – Finovate

Customer verification automation company Sikoia partnered with brokerage Simple Financial Planning (Simple).

Integrating Sikoia’s technology will enable Simple to automate broker workflows, saving time, boosting accuracy, and enhancing compliance.

London-based Sikoia made its Finovate debut at FinovateEurope 2024.

One month after announcing its partnership with Tandem Bank, customer verification automation company Sikoia reports that it is working with Simple Financial Planning (Simple) to bring AI-driven automation to broker workflows. Simple will embed Sikoia’s document processing technology into its CRM platform to save time, boost accuracy, and enhance compliance.

“Together, we’re not just enhancing accuracy and compliance; we’re enabling Simple’s advisors to spend less time on admin and more time delivering value to their clients,” Sikoia Founder and CEO Alexis Rog said. “This collaboration represents a shared ambition to streamline processes, support growth, and provide brokers with tools that make a tangible difference in their day-to-day operations.”

The integration will enable Simple to access verified data in minutes, reducing administrative workloads while enabling the company to scale effectively without compromising service quality. In addition to automating manual tasks such as document verification and data extraction, Sikoia’s technology leverages AI to ensure accurate data handling and automates AML checks to assist brokers in meeting regulatory requirements.

“By integrating (Sikoia’s) solutions, our brokers can onboard clients faster and more confidently while maintaining seamless, compliant workflows,” Simple Underwriter Pamela Stewart said. “Sikoia’s expertise is setting a new benchmark in the industry, and we’re proud to work together to help our brokers excel.”

Authorized and regulated by the UK Financial Conduct Authority (FCA), Simple is a financial advisory firm that provides tailored advice and solutions for its clients. Founded in 2013 and headquartered in Glasgow, Simple offers professional money planners who provide advice and guidance on mortgages, insurance, savings, and investments. Alex McGarvey is Managing Director.

In its Finovate debut at FinovateEurope 2024, Sikoia demoed its AI-powered customer application processing solution that provides automated verification for income, employment, affordability, and more. The technology automates customer application document checks, accelerating verification times, reducing document handling costs, and improving the overall customer experience. Headquartered in London, Sikoia was founded in 2021.

In addition to its partnership with Tandem Bank mentioned above, Sikoia last month announced that it was collaborating with specialist loan brokerage Y3S to enhance the customer verification process for brokers and borrowers. Integrating with Sikoia will enable Y3S to streamline multiple tasks, including biometric identity verification (IDV) and Anti-Money Laundering (AML) checks. Y3S will also benefit from automated processing of key mortgage application documents.

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