San Diego, CA and London, UK – February 5, 2019 —Mitek (NASDAQ:MITK) and BioMetric Signature ID™ (BSI), a leading developer of gesture based biometrics for ID verification and access management, today announced that Mitek will provide identity verification for its authentication solution BioProof-ID™. This will ensure that gestural biometrics are assigned to the correct person during the enrollment process.
Historically, the challenge with biometric authentication has been how to ensure that the generated biometric profile is assigned to the actual account owner. While biometrics themselves are unique and offer high-levels of security assurance, adding identity document verification to the process creates a more comprehensive solution that ensures that the person enrolling is the intended end user. Mitek’s technology will be used to verify the individual’s real-world identity as part of the BioSig-ID enrollment process. This partnership solution links BSI’s gesture technology to a real person without a break in the identity verification process, creating a more streamlined approach.
Through this partnership, Mitek’s Mobile Verify® will be a key component of BioProof-ID’s authentication process. Using patented science, Mobile Verify confirms users’ identities by digitally validating the authenticity of government issued identity documents presented during the enrollment process. It adds a second layer of identity verification with sophisticated biometric face comparison algorithms that automatically compare the portrait extracted from the identity document with a selfie; proving that the person submitting the ID document is its rightful owner.
“BioSig-ID offers innovative biometric solutions that protect sensitive digital records, especially in industries like education, healthcare and banking,” said Michael Nelson, Vice President of Identity at Mitek North America. “We’re excited to partner with a company at the forefront of biometric authentication who ensures the onboarding process is secure and seamless.”
“Unlike other forms of authentication, BSI’s gesture-based biometrics solution allows users to verify their identity with unique markers that can’t be shared, hacked or replicated,” said Jeff Maynard, CEO, President and Founder, Biometric Signature ID. “By partnering with Mitek, we’re taking identity verification a step further by providing our customers with an extra level of security and trust, while ensuring BSI’s digital onboarding process remains simple, reliable and effective.”
About Mitek
Mitek (NASDAQ: MITK) is a global leader in mobile capture and digital identity verification solutions built on the latest advancements in AI and machine learning. Mitek’s identity verification solutions enable an enterprise to verify a user’s identity during a digital transaction, which assists financial institutions, payments companies and other businesses operating in highly regulated markets in mitigating financial risk and meeting regulatory requirements while increasing revenue from digital channels. Mitek also reduces the friction in the users’ experience with advanced data prefill and automation of the onboarding process. Mitek’s innovative solutions are embedded into the apps of more than 6,100 organizations and used by more than 80 million consumers for mobile check deposit, new account opening and more. Learn more at www.miteksystems.com.
About Biometric Signature ID
Biometric Signature ID based in Dallas, Texas, is the leading developer of biometric ID verification software solutions using multi-factor authentication (MFA). BSI was selected as a 2018 Top 10 Multifactor Authentication Solution provider by Enterprise Security Magazine, was independently third party tested at 99.97% accuracy, reports a 98% user satisfaction rate and has a worldwide family of 1M users who have used BSI’s technology to protect their identity over 14M times in more than 95 countries. BSI’s technology provides secure banking transactions, safeguards healthcare records, gates quizzes and exams, protects against online theft and helps organizations to control risk, reduce fraud, manage security and maintain compliance. For more information, please visit https://biosig-id.com/.
Mitek Contact
Ann Reichert
Senior Director of Marketing
pr@miteksystems.com
Marissa Livingston
LEWIS for Mitek
MitekUS@teamlewis.com
Biometric Signature ID Contact
Tyler Weiland
Tyler.Weiland@biosig-id.com
(972) 571-7834