Mitek’s identity verification software is a game changer for financial institutions that want to increase their customer base and meet the demands of today’s digitally discerning consumers.
Using Mitek’s unique combination of facial recognitionand identity documents verification technology, Mobile Verify™ will simplify the ID verification process. Customers who want to open an account just need to use their smartphone or tablet and thier driver license. During application process, the consumer simply snaps photo of thier license or other identity document and Mobile Verify™ uses advanced computer vision to verifiy the authenticity of that document.
This identity verification technology can lower the cost of acquiring new customers, and can be applied to an array of financial products, such as opening a checking/savings accounts, applying for a credit card, and seeking an auto or home loan. Mitek’s Mobile Verify™ ensures the identity authentication process is in compliance with the latest regulations for data privacy and protection can also ensure regulatory requirements for account opening are met.