Finclusion partners with Sikoia to improve car finance decision-making

Core Insights - Finclusion has entered the UK's motor finance market through a partnership with fintech company Sikoia to enhance car finance decision-making processes [1][3] - The integration of Sikoia's API will enable AI-driven document analysis and Open Banking data usage for income and affordability verification, leading to faster and more accurate lending decisions [1][4] Company Strategy - Finclusion adopts a dealer-first strategy to create a more efficient car finance experience, allowing dealers to receive expedited verifications via Sikoia's platform [2] - The partnership aims to serve customers who are often overlooked by traditional finance, thereby increasing access to car finance for underserved populations [4] Technology and Automation - Sikoia's technology automates essential parts of the customer verification process, providing a centralized solution for accessing customer data and delivering automated insights [4] - The integration of Open Banking with intelligent document automation is expected to enhance customer experience while maintaining full automation behind the scenes [4]