Experian has collaborated with Sikoia to provide automated income and employment verification solutions.

Sikoia’s AI-driven document processing technology, integrated into Experian’s suite of verification services, enables the company to automate the extraction and validation of customer data directly from submitted documents.

Automated Income and Employment Verification

Experian offers a range of verification solutions including payroll data access, automated document processing, digitalization of payslips, bank statements, and tax returns. These solutions also provide access to Open Banking and HMRC open data connections. In financial services areas such as mortgages and credit applications, manual checks remain prevalent due to the complexity of verifying income and employment. Experian aims to address this through its partnership with Sikoia, which promises faster, consistent, and automated verification processes.

In mortgage scenarios where detailed document proofs are necessary, service providers can use digital extraction methods to complete the financial picture of an applicant. This is particularly beneficial in situations requiring supplementary data from traditional sources. Additionally, Sikoia offers features like built-in document integrity checks and tamper detection along with advanced business logic for assessing readiness, which can trigger real-time alerts to support efficient and timely data verification.

By partnering with Experian, Sikoia aims to provide customers with a range of flexible solutions that cater to their specific needs. Often, customer-provided documents need manual handling as they cannot be verified automatically. This partnership brings AI-driven automation to traditionally manual tasks, contributing to increased efficiency and broader verification capabilities across the industry.

Experian’s verification platform is enhancing benefits for both employers and employees by leveraging Sikoia’s technology to streamline income and employment verification processes, thereby increasing financial inclusion and reducing friction in transactions where personal data confirmation is required.