Identity Verification Blog | Mitek

Selfie Authentication

Securing the 2 billion mobile payments opportunity with selfie capture for identity verification

With mobile commerce in the U.S. expected to grow 29% or more annually and as digital wallets gain acceptance, the number of mobile payments authenticated by biometrics has explosively grown, being estimated to reach 2 billion transactions this year. Digital identity verification technology can help you tap on this opportunity. Discover how.

Read Blog Post

Mother and Daughter Capturing Check with Mobile Deposit

An open letter to the banking industry

In just a few months, we will be celebrating the tenth anniversary of Mitek's launch of Mobile Deposit® – a product now offered by 5,600 banks, credit unions and brokerages under their own brand.

Read Blog Post

Why compliance matters with blockchain

Roel Boer, Nocks

Roel Boers, co-founder and CEO at Nocks, explains why verifying the identity of end users is key to a compliant and secure blockchain ecosystem. He also highlights the benefits of ensuring that all required identity verification is done upfront, so customers can quickly and securely access all payment options.

Read Blog Post

KYC AML Identity Verification

Leveraging mobile ID verification to get up to speed with U.S. AML regulations

During the past 50 years, there’s been a flurry of AML activity, only expected to grow given the gaps present in the existing regulations. Standards are higher, and penalties for failure to comply are harsher. Learn how mobile capture and ID document verification can help FIs meet AML compliance.

Read Blog Post

ID Verification on Phones and Computers

Five unsung advantages of mobile identity verification for omnichannel customer acquisition

Read this post to get access to Celent's newest report on Omnichannel Customer Acquisition. Get a better understanding of how the preference for onboarding in the mobile channel is on the rise, making it imperative for banks to fulfil customers' demands to close the deal whenever and wherever they decide to onboard.

Read Blog Post

ID_Fraud_data from CIFAS_UK_March_2017

ID fraud reaches an all-time high in the UK as consumers - and fraudsters - live and breathe online

Recent research shows how identity fraud keeps rising in the UK, fuelled by data breaches and weak security methods such as knowledge-based authentication. Digital identity verification helps mitigate the risk of identity fraud in the digital channels.

Read Blog Post

mobile capture and identity verification for loan origination

Mobile, mobile, and more mobile: what lenders really need to attract Millennials

Most of Millennials (67% in 2016 and counting) are using mobile banking. Lenders wanting to win momentum with the country's largest population need to offer mobile capture technologies to allow younger borrowers to upload documentation to their loan file—from anywhere, anytime.

Read Blog Post

Mitek_MiSnap_Passport_Capture

Mobile passport authentication, the remedy for banks' international onboarding headache

British financial institutions need to get ready for the effects of the materialisation of Brexit and remote account opening appears to be their best shot at entering new markets and attracting both national and foreign new customers. Mitek's new mobile passport authentication solution for compliant and engaging onboarding will be demoed at Finovate Europe in London (Feb,7-8).

Read Blog Post

ID Card Verification

Practical guidance from Javelin for successful – and secure - digital account opening

As the number of applications via digital and mobile rise, KBA is increasingly questioned as an effective way of identify and authenticate valuable customers that might have limited credit history to authenticate against. Join this free webinar and get Javelin's advice for successful and secure digital account opening.

Read Blog Post

Mitek's Mobile Deposit helps donors give easily to the American Cancer Society

Making giving easier for individuals

Over 50% of all U.S. citizens made a donation in 2015, with the total given by individual donors reaching $264.58 billion. Using mobile check deposit to make donating convenient, easy, and secure is imperative for non-profits that want to win new donors and keep their current givers engaged.

Read Blog Post

Redefining Identity & Access Management to successfully achieve your digital transformation– Key takeaways from Gartner’s experts

Gartner's experts lay out the key issues to be addressed in 2017 regarding Identity Access & Management: from a stronger need for identity verification to the still weak status of in-person identification and a strong demand for an outstanding customer experience.

Read Blog Post

Available for all devices

Looking Ahead: Five Predictions On Identity Verification, Mobile Banking, Millennials, and Selfies

Increasing fines for financial institutions that fail to meet ever-stringent AML and KYC; millions of consumer records compromised in new data breaches across industries; millionaire savings for financial institutions using mobile check deposit; Millennials leading the buoying mobile mortgage market and more selfie-enabled commerce… Get a sneak peek into the future with Mitek’s 2017 predictions.

Read Blog Post

Mobile OCR for on-site devices

Power-up your assisted service with fast and accurate data prefill for higher approval rates and back office efficiency

Mitek’s Mobile Fill for assisted service is used by bank branch staff, insurance agents, in-store branded credit cards' issuers, telecoms and others to help their employees improve the customer's onboarding experience, boosting their productivity and noticeably easing back office process.

Read Blog Post

Mobile Check Deposit

Five Reasons UK Financial Institutions Got Millennials Wrong

Osterman Research's Millennials Survey unveils all the reasons financial institutions in the UK have not been able to connect with today's most coveted demographic yet: they target the wrong people, in the wrong place, and at a wrong time.

Read Blog Post

How to get ready for the future of ID & KYC with digitized identity verification

Is KBA the kiss of death for onboarding Millennials and other growth segments?

Javelin's latest white paper explore how financial consumers turn to online and mobile channels to manage their existing accounts and open new ones, boosting digital account opening and adding pressure on institutions to expand their origination platforms with mobile ID scanning capabilities.

Read Blog Post

The More Money Millennials Have…The More Mobile Capture They Want

Mitek’s Millennial Survey: Love of Selfies Is Transforming Mobile Commerce reveals how Millennials, particularly the oldest ones – those aged 29 to 34 years old - are shaping today’s economy with their demands for a faster, safer, and more convenient mobile experience. Download our new infographic and learn how to leverage the U.S. largest population's desires for more mobile capture.

Read Blog Post

ID Verification for new-to-country in the UK

Welcome ‘new-to-country’ customers: mobile ID verification opens the door for growth in the digital channel

The recent escalation of data breaches affecting millions of consumers globally and the growing sophistication of money laundering and terror funding activities have created lengthening KYC procedures that make it more difficult for financial institutions to onboard international prospects. Mobile ID verification helps banks safely onboard 'new-to-country- customers.

Read Blog Post

Mobile Document Verification

Leading payments company lifts restrictions on 92% of users after taking ID verification mobile

Mitek’s new case study shows how going mobile with their ID documents verification helped a leading payments company to lift temporary restrictions on 92% of users from around the world.

Read Blog Post

Experienced Casual Businessman on phone

What will the future look like for the Payments Industry? More mobile, more secure, faster

This year's edition of Money20/20 will focus on blockchain, regulatory challenges and the opportunities these might bring for uprising regtech companies. Mitek’s Experts will be available at booth number 3227 in the Money20/20 Expo Hall from Monday through Wednesday (24-26, October, 2016) to answer all your questions about how you can leverage mobile capture and omni-channel identity verification to optimize the digital channels for acquisition in a fast, engaging and secure way.

Read Blog Post

New REAL ID compliant driver's license USA

REAL ID Act Compliance Deadline Is Now! Are You Ready?

The REAL ID Act, passed in 2005 by the Congress, requires all states to issue driver’s licenses that meet minimum standards for security and identification. Twenty two states and the District of Columbia are fully compliant with the REAL ID Act leaving most of the remaining states and territories operating under an extension through Oct. 10, 2016.

Read Blog Post