Nasdaq-listed fintech Pioneer Mitek launches in the UK
February 07 2017 - 7:00AM
Mitek (NASDAQ:MITK), a global leader in mobile capture and identity
verification software solutions, has launched in the UK with a new
office established in London. The US-based company works with over
5,500 organisations providing its technology to 70 million
consumers across the globe. Mitek provides financial institutions
and other highly regulated businesses with mobile verification
technology underpinned by artificial intelligence (AI) that
establishes an individual’s identity remotely to accelerate the
digitisation of Know Your Customer (KYC) and Customer Due Diligence
(CDD) processes around on boarding and payments.
“Despite market uncertainty over Brexit, we believe that London
will remain the heart of global financial markets for decades to
come and our presence there is critical to developing our European
footprint,” said James DeBello, Chairman and CEO, Mitek.
“Now is exactly the right time for Mitek to launch in the UK –
financial services providers are facing unprecedented challenges in
Europe due to new PSD2 regulation, new AML rules, and the
increasing sophistication of fraud. Meeting these challenges while
competing with new market entrants and remaining digital-first will
mean innovative solutions are a must.”
Mitek’s key offering to the European market is Mobile Verify,
which allows an enterprise to verify a user’s identity simply by
using the device’s camera to check the authenticity of ID
documents. The information gathered when verifying an ID can also
be used to pre-fill forms, making account opening painless. Mobile
Verify uses machine-learning verification technology, built on
experience gained from ID documents experts including Interpol and
military intelligence, to give it the very best intelligence on
identity document forgery. Its AI means that this intelligence is
able to respond to ever-changing fraud techniques.
This technology is already used by more than 70 million
consumers, and is embedded in over five thousand apps by banks,
insurance providers, payments providers, and other financial
services. Mitek also offers “selfie authentication”, where the user
can use their mobile device’s camera to perform a facial
recognition scan in order to on-board into a service or authorise a
transaction.
The launch of the new headquarters coincides with Mitek
showcasing its unique machine-learning passport verification
technology at Finovate London, the conference dedicated to
cutting-edge banking and financial technology.
About Mitek
Mitek (NASDAQ:MITK) is a global leader in mobile capture and
identity verification software solutions. Mitek’s ID document
verification allows an enterprise to verify a user’s identity
during a mobile transaction, enabling financial institutions,
payments companies and other businesses operating in highly
regulated markets to transact business safely while increasing
revenue from the mobile channel. Mitek also reduces the friction in
the mobile users’ experience with advanced data prefill. These
innovative mobile solutions are embedded into the apps of more than
5,500 organizations and used by more than 70 million consumers for
mobile check deposit, new account opening, insurance quoting, and
more.
For more information, visit www.miteksystems.com
Follow Mitek on
LinkedIn: http://www.linkedin.com/company/mitek-systems-inc-
Follow Mitek on Twitter: @miteksystems
Connect with Mitek on
Facebook: http://www.facebook.com/MitekSystems
See Mitek on
YouTube: http://www.youtube.com/miteksystems
Read Mitek’s latest blog
post: http://www.miteksystems.com/blog
Notes to Editors:
Contact
Suzannah Archibald and Alan Miller
CCgroup for Mitek
mitek@ccgrouppr.com
+44 203 824 9200
Mitek Investor Contacts:
Todd Kehrli or Jim Byers
MKR Group, Inc.
mitk@mkr-group.com
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