Mitek in the News

Attacks continue to impact SWIFT banking network

From:

SC Magazine

"Banks need to be sure their digital identity proofing includes the creation of a biometric for later authentication that has an extremely high level of confidence," Marsal said. "This ensures that the person accessing the account is really who they say they are."

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Viewpoint: How Older Millennials’ Love of Selfies Is Transforming Mobile Payments

From:

Paybefore

Anyone working with a digital payment channel knows the importance of the millennial market segment. Their devotion to all things mobile is well documented, but there are a few common assumptions about this group that new research has revealed to be false.

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Say yes to more good customers

From:

Finextra

Considering that the data based identity verification methods most institutions rely on today are greatly weakened due to data breaching, time is now to take identity verification to the next step and move away from already disputed “What you Know” methods.

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Millennials Demographic Meaningless for FI’s

From:

FStech

Chris Lemmon writes that older Millennials display different financial priorities and technology preferences than their younger counterparts. Mitek’s Sarah Clark advises FIs to cater to their needs by providing secure ID verification in transactions.

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Millennials’ selfie obsession drives Mitek’s security moves

From:

Payment Source

San Diego-based Mitek, makers of smartphone camera technology banks use widely for mobile deposit, bets that selfies will soon play a bigger role in payment security, and it's encouraged by a new study detailing how much Millennials love taking photos of themselves.

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Mobile Verify Brings Identification Process Up to Speed

From:

San Diego Business Journal

San Diego - The world can be a pretty bad place, but a crackdown on shadowy exchanges of money could be a good thing for Mitek Systems Inc. The company sees business ahead thanks to tighter laws to stop money laundering, according to Kalle Marsal, who recently took the job as Mitek’s chief marketing officer.

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Mitek Millennial Survey: Love of Selfies Is Transforming Mobile Commerce

From:

Payment Week

Mike Dautner quotes Mitek CMO Kalle Marsal in saying that selfie comparison software is an easy way to carry out identity verification, authorize purchases, enroll new customers and achieve compliance in an increasingly regulated mobile world.

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Millennials call camera most important mobile feature

From:

Internet Retailing

While a small proportion of Millennials currently use their smartphone camera to authorize purchases, nearly half of them said they would do so if the option were available. Heather McIlvaine elaborates on selfie comparison solutions, including Mitek’s.

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Millennials embrace banking innovation

From:

BAI Banking Strategies

Robert Stowe England writes 2 in 3 banking consumers aged 18 to 29 years old did some type of mobile banking in the prior year, and how banks have responded by launching apps with Mitek software that can mobile deposit checks in seconds.

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Borrower or Fraudster? Online Lenders Scramble to Tell the Difference

From:

The Wall Street Journal

Telis Demos tells how business loan company Kabagge was rejecting up to 3% of its daily prospect borrowers due to fraud risk. Now, thanks to Mitek's ID verification software, the lending company anticipates getting that rate down to about 0.5%.

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Making mobile payments safe (and still easy)

From:

Raconteur

Simon Brooke tells how as mobile payments gain in popularity, fraud is also on the rise, requiring speedy tech solutions to thwart the fraudsters. He quotes Mitek’s ID verification software as a solution to this dangerous problem.

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Mitek, Backbase Collaborating For Frictionless Onboarding Processes

From:

PYMNTS.com

According to PYMNTS.com, a partnership with Mitek and Backbase partnership takes Mitek’s OCR and ID document verification abilities via the Backbase Open Banking Marketplace, creating a frictionless onboarding process.

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Mitek solutions now available through Backbase Open Banking Marketplace

From:

Banking Technology

Tanya Andreasyan writes how Mitek’s document validation capabilities are now available through the Backbase Open Banking Marketplace; users of the flagship omnichannel platform can now add Mitek’s tools to their digital banking experience.

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User Experience Crucial to Mobile Banking Usage

From:

The Financial Brand

Jim Marous, Co-Publisher of The Financial Brand and Publisher of the Digital Banking Report tells how a Mitek study proves a correlation between mobile banking app design, user experience and adoption rates.

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The Selfie as Mobile Banking's Fraud Fighter

From:

American Banker

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Mitek Study Criticizes Banks for Charging for Remote Deposit Capture

From:

Bank Innovation

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Who’s Winning Mobile Remote Capture Race?

From:

Banking Exchange

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Remote deposit capture evolves beyond checks

From:

The Green Sheet

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Mobile Deposit Report finds correlation between positive customer experience and adoption

From:

RemoteDepositCapture.com

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Good Mobile Deposit Apps Are Key To Banking Customer Satisfaction

From:

Forbes

Banks that provide an excellent mobile deposit (MD) app have a markedly higher customer adoption, according to a new study from Futurion, a banking consultancy.

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Mitek in the News