Mutual Vision has partnered with Sikoia to reduce administration time for lenders.
As part of the collaboration, Sikoia products will be integrated into Mutual Vision’s product offering.
Lenders will have access to automated processing of customer application documents, corporate credit bureau reports, consumer credit bureau reports, politically exposed persons checks and sanctions and negative media checks.
In addition, lenders will be able to verify identities, access public records and use open banking.
Sikoia founder and CEO Alexis Rog added: “We are pleased to be working with Mutual Vision. Customer verification and checks are a core part of the mortgage process, but have been a manual chore for lenders for years.”
CEO of Mutual Vision, Tim Bowen, says: “We always strive to work with the best providers, and we adopt or recommend partners where relevant. Sikoia therefore fits perfectly with Mutual Vision. They offer the very best solutions and we want to work with them.”
The digital banking platform announced last month a series of appointments to the board.
Mutual Vision was founded in 2001 by a group of building societies and is still owned by six mutuals including Monmouthshire, Chorley and Harpenden. It provides banking technology to 23 of Britain’s 43 building societies.