New partnership targets rising check fraud in
the banking industry
CHARLOTTE, N.C., May 14, 2024 /PRNewswire/ --
Viewpointe®, a leading managed content services provider
for highly regulated enterprises, today announced a new partnership
with Mitek Systems, Inc. (NASDAQ: MITK), a global leader in mobile
deposit and fraud prevention. This strategic
partnership will play a key role in combatting fraud
for financial institutions.
This initiative will allow mutual customers an easier and
quicker integration to enhance their fraud detection
capabilities to start fighting check fraud faster.
According to the U.S. Department of the Treasury, check
fraud has increased by 385% since 2020. Moreover, a
recent Propeller Insights survey indicates that check
fraud is expected to reach $24
billion in losses by the end of this year.
"This partnership with Mitek marks a significant milestone in
our ongoing commitment to help safeguard the financial industry and
consumers from the escalating threats of check fraud,"
said Susan Blackburn, Chief
Commercial Officer at Viewpointe. "By leveraging Mitek's
cutting-edge technologies, we are not only responding to the trends
we are seeing but actively helping to shape a safer future for
financial transactions."
Mitek's Check Fraud Defender is a cloud-hosted
consortium that uses patented imaging science, machine learning,
and artificial intelligence to quickly analyze data, to help reduce
losses associated with check fraud.
"We are excited to partner with Viewpointe to offer our check
fraud detection technology," stated Kerry Cantley, VP of Digital Banking Strategy at
Mitek. "Together, we can take a proactive approach to combating
check fraud across financial institutions. By
combining Viewpointe's content and compliance expertise with
Mitek's robust Check Fraud Defender consortium, we're
delivering an innovative solution, setting new standards in
fraud prevention across banking."
Through this partnership, Viewpointe is significantly aiding its
customers in their ongoing efforts to combat fraud and
keep consumers safe online.
About Viewpointe
Viewpointe specializes in
managed content and data services designed specifically for highly
regulated, large-volume enterprises. Renowned for its expertise in
handling vast amounts of sensitive content and data, Viewpointe
enables the world's leading financial institutions to concentrate
on their core mission—delivering exceptional service to their
clients. Established in 2000, Viewpointe has become a trusted
partner for the top financial services companies in the U.S.
Recognized consistently in the prestigious IDC FinTech 100 for the
past 17 years, Viewpointe stands out as a leader in financial
technology and services. For more information, visit
viewpointe.com.
About Mitek
Mitek (NASDAQ: MITK) is a global leader in
digital access, founded to bridge the physical and digital worlds.
Mitek's advanced identity verification technologies and global
platform make digital access faster and more secure than ever,
providing companies new levels of control, deployment ease and
operation, while protecting the entire customer
journey. Trusted by 99% of U.S. banks for mobile check
deposits and 7,900 of the world's largest organizations, Mitek
helps companies reduce risk and meet regulatory requirements. Learn
more at miteksystems.com.
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SOURCE Viewpointe Archive Services LLC