Sikoia chooses Yapily to provide Open Banking access to its clients

By Gloria Methri

Yapily has announced a partnership with Sikoia, the unified data platform for financial services. This partnership provides Sikoia’s clients with comprehensive access to both consumer and business UK bank accounts, allowing them easy access to customer financial information.

Open banking provides secure access to an unparalleled source of financial information, helping financial service providers better understand their customers’ financial positions and provide them with more suitable products.

Sikoia’s partnership with Yapily surfaces this data into Sikoia’s Unified Data Platform, giving their clients access to UK bank coverage and incorporating financial data into their risk assessment processes, such as onboarding, due diligence, and episodic monitoring.

“We are excited to announce our partnership with Yapily, which provides our clients with best-in-class open banking access and ensures that our clients can access the banking data they need, whether they are offering business or consumer financial products.” said Stephen Simmons, co-founder and CDO of Sikoia.

“Our partnership provides Sikoia’s clients with faster and easier access to banking data,” said Stefano Vaccino, founder, and CEO at Yapily. “Yapily’s extensive open banking coverage helps clients operate more effectively in the UK and across Europe.”

Sikoia, a category-defining UDP and orchestration layer, aggregates customer data from disparate sources and systems to automate compliance and risk processes, such as customer onboarding and verification, or portfolio monitoring. Sikoia’s clients can access all the financial and identity data they need to support their customer onboarding and due diligence requirements through its Unified Data Platform and integrated provider marketplace.