SAN DIEGO, CA and PARIS, FR, May 23, 2018 – Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in digital identity verification solutions, today announced Mobile Deposit® Version 4.7. The upgraded Mobile Deposit integrates newly acquired A2iA’s award winning artificial intelligence (AI) and machine learning-based software, CheckReader, into Mitek’s flagship product. This newest version of Mitek’s patented Mobile Deposit will feature A2iA’s handwritten and printed text recognition to help reduce deposit fraud that costs financial institutions millions of dollars every year.
“As the original pioneers of Mobile Deposit, we continue to invest in state-of-the-art features for our partners and customers,” said Michael E. Diamond, SVP and General Manager, Payments, Mitek. “With the integration of A2iA’s CheckReader technology for handwriting recognition and data extraction, we continue to push the boundaries of what was originally thought possible for Mobile Deposit’s performance and usability, for both financial institutions and consumers.”
Mobile Deposit® Version 4.7 is expected to be available by the end of Q2 2018.
Mitek (NASDAQ: MITK) is a global leader identity verification solutions built on the latest advancements in AI and machine learning. Mitek’s identity verification solutions allow an enterprise to verify a user’s identity during a digital transaction. This enables financial institutions, payments companies and other businesses operating in highly regulated markets to mitigate financial risk and meet 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 processes. Mitek’s innovative solutions are embedded into the apps of more than 6,100 organizations and used by more than 80 million consumers. For more information, visit www.miteksystems.com or www.miteksystems.co.uk. (MITK-F)
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