Mitek in the News

85 percent of consumers more likely to use website that verifies identity

From:

Biometric Update

2018 Digital Identity: Consumer Confidence Report examines U.S. consumer behavior and attitudes toward identity verification and digital interactions.

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Mobile deposit report ranks CX with apps of top US bank

From:

Mobile Payments Today

The report reveals that FIs that invest in improved UX design for mobile deposit and allow higher deposit limits lead the way in digital channel migration.

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The Blockchain Cart Before the Identity Horse

From:

MEDICI

For the moment, blockchain’s advantages for identity do not outweigh the problems. Read Mitek CTO Steve Ritter’s thoughts on blockchain for identity management.

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New Rules for Mobile Deposits

From:

Kiplinger

The change is designed to help ensure that mobile banking app users aren't able to deposit a check online and then again at a brick-and-mortar bank.

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If you deposit checks through a mobile app, add this phrase

From:

USA Today

Depositors must now include the phrase “For Mobile Deposit Only” underneath their signature on all checks deposited using mobile apps.

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What a new national standard means for mobile banking

From:

Bankless Times

Learn about the MOBILE Act – which stands for Making Online Banking Initiation Legal and Easy – the new identity verification standard.

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Mitek’s Mobile Verify Security Tapped For Use By DXE

From:

PaymentWeek – July 6, 2018

DXE turned to Mitek Mobile Verify in a bid to step up its own security ahead of a growing number of new mandates calling for cryptocurrency exchanges to do just that.

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Dutch Cryptocurrency Market Delivers for Mitek

From:

Mobile ID World – July 4, 2018

The emerging cryptocurrency market continues to deliver business to identity verification specialist Mitek. DXE is now using the company’s Mobile Verify ID document capture solution for customer onboarding.

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Netherlands DXE Crypto Exchange To Use Mitek Mobile Verify For Automated KYC Services

From:

BitcoinExchangeGuide – July 4, 2018

Mitek, a provider for solutions in the field of digital identity verification, has announced that it will provide its ID verification services for DXE, a new cryptocurrency exchange based in the Netherlands.

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New cryptocurrency trading platform selects Mitek for automated ID verification

From:

Biometric Update – July 3, 2018

Mitek’s Mobile Verify solution uses advanced AI and machine learning algorithms that will help DXE provide KYC-compliant identity verification for all customers from the platform’s go live date.

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SOFTWARE: MITEK’S TOOLS TAKE VERIFICATION TO NEXT LEVEL

From:

San Diego Business Journal – June 25, 2018

For companies conducting business online, anonymity is a problem. The ID verification technology Mitek has been deploying in the service of financial institutions since the early 2000s is entering into new industries, like eCommerce and the Sharing economy.

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This Hidden Tech Company Powers a Banking Service That You Probably Can't Live Without

From:

Motley Fool – June 13, 2018

Many consumers prefer to use mobile deposit on their smartphone instead of visiting a bank branch or ATM in person to deposit a check. However, most banks lack the technological know-how to make this process work.

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Most major cryptocurrency exchanges lack sufficient background checks, research report says

From:

MarketWatch – June 6, 2018

“By incorporating systems that are just as future-looking as cryptocurrency itself, exchanges and wallets can be both competitive and compliant with regulatory demands,” said Kalle Marsal, chief operating officer of identity verification software firm Mitek, which sponsored the research.

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Study Reveals Majority of Crypto Exchanges’ KYC Compliance is Weak, Wild West Comparison

From:

BitcoinExchangeGuide – June 6, 2018

As virtual currencies keep expanding, there are more and more companies that are starting to offer cryptocurrency-related services to the community.

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Mitek Bolsters AI Capabilities with A2iA Acquisition

From:

San Diego Business Journal

Using A2iA’s advanced AI algorithms, Mitek’s digital identity verification product, called Mobile Verify, will read government-issued identity documents “even more accurately and quickly than today,” Mitek’s James DeBello, CEO and chairman, said in a news release about the acquisition.

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Mitek and Experian partner to add ID document and facial verification to CrossCore

From:

BiometricUpdate

Mitek and Experian have formed a partnership to add identity document verification and biometric facial matching to its digital identity verification software.

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Mitek Acquires A2iA for $49.7 Million

From:

Finovate

Digital identity verification company Mitek is bolstering its capabilities this week with the acquisition of A2iA, an artificial intelligence and image analysis company, for $49.7 million. This is Mitek’s second acquisition in under a year– last October the company acquired ICAR for $15 million.

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Mitek Systems acquires French artificial intelligence firm for $50 million

From:

The San Diego Union Tribune

Melding A2iA’s technology with Mitek’s Mobile Verify and Mobile Deposit apps will allow faster, more accurate processing so financial institutions know their online customers are who they claim they are.

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Mitek Acquires AI Check Processor A2iA

From:

PYMNTS.com

Mitek Systems, Inc., a leader in digital identity verification solutions, announced that it has acquired A2iA, a leader in artificial intelligence (AI) and image analysis.

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Mitek acquires A2iA to bolster digital identity verification services

From:

Mobile Payments Today

Mitek Systems Inc. has acquired A2iA SAS, which specializes in artificial intelligence and image analysis, for €42.5 million (US$49.7 million) in cash and shares of Mitek's common stock.

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Mitek in the News