San Diego, USA and Madrid, Spain, October 30, 2018—Mitek (NASDAQ:MITK) and Biocryptology, a European biometric technology company, today announced that Mitek will provide the identity verification for its biometric authentication platform. This will ensure that biometric credentials are assigned to the right person when onboarding.
Biocryptology has created a universal identification platform that allows users to authenticate themselves both online using either mobile or desktop devices, as well as in-person settings, using biometric data. Once registered, users can access both online and physical environments using the app and their biometric data. Biocryptology offers several levels of security for the demands of different environments, from the relatively low demands of a user’s own home to the stricter needs of financial service providers.
The partnership between Mitek and Biocryptology addresses a crucial issue with biometric technology—ensuring that the user is who they say they are when providing biometric credentials to be used for authentication. Mitek’s Mobile Verify will verify the identity of a customer at crucial on-boarding stage, without the need to present documents in person. Instead, they can be verified on the same device and at the same time biometric data is captured, ensuring that the data belongs to the right person.
“Biocryptology aims to use biometric technology not just to unlock phones, but to ensure security in all aspects of our life—from banking transactions to replacing our door keys,” said René Hendrikse, VP and Managing Director, EMEA, Mitek. “We’re delighted to partner with them to ensure that the on-boarding process is just as secure and effortless.”
“Biometrics have the potential to revolutionise much of our daily lives—instead of carrying around keys, keyfobs, cards, and other access devices, we should instead be using the unique identifiers that mark who we are,” said Ted Oorbals, CEO, Biocryptology. “Working with Mitek to integrate its best-of-breed identity verification technology into our platform, means that our customers can be assured that the critical onboarding step is simple and secure.”
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.
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