As part of the collaboration, Sikoia’s products will be integrated into Mutual Vision’s product offering.

Lenders will have access to automated processing of customer application documents, company credit bureau reports, consumer credit bureau reports, Politically Exposed Persons and sanctions checks and adverse media checks.

In addition, lenders will be able to verify identities, access public registries and use open banking. 

Sikoia founder and chief executive officer Alexis Rog adds: “We are thrilled to be working with Mutual Vision. Customer verification and checks are a core part of the mortgage process, but for years have been a manual job for lenders to undertake.”

Mutual Vision chief executive officer Tim Bowen says: “We always aim to work with best-in-class providers, and we adopt or recommend partners where relevant. Sikoia are, therefore, a natural fit for Mutual Vision. They’re offering best-in-breed solutions, and we want to work in partnership with them.”

Last month, the digital banking platform announced a raft of executive board appointments.

Mutual Vision was established 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 the 43 building societies in the UK.