Mitek Mobile Verify® Improves Blockchain Payment Pioneer Nocks’ Customer On-Boarding Time By 98%
January 17 2018 - 7:00AM
Mitek (NASDAQ:MITK), a global leader in mobile capture and identity
verification software solutions, today reported that its Mobile
Verify has improved leading European blockchain provider Nocks'
customer on-boarding time by 98%, from 12 hours to five minutes.
This has helped Nocks to grow its userbase by 214%. Mobile Verify
also helps Nocks achieve compliance with the 4th and 5th EU
Anti-Money Laundering Directives.
Nocks is the first all-digital payments platform built upon the
Gulden blockchain - a safe and fast decentralised blockchain that
is easy to use for sending or receiving payments with as little
effort or cost as possible. Nocks allows consumers and business to
pay and get paid using fiat currencies but with the transaction
being orchestrated by the Gulden blockchain to improve the speed,
transparency and security of payments. Nocks makes paying bills
easier, streamlines POS-tools for companies, and offers innovative
financial trading mechanisms.
By integrating Mobile Verify, which employs advanced AI and
machine learning algorithms, Nocks can validate the identity of
applicants in real-time, dramatically improving new customer
conversion rates. Users simply take a picture of both their ID
document and driving licence using their smartphone. Mobile Verify
validates that the documents presented are genuine, original,
unaltered, and government-issued - granting users rapid access to a
range of payment options.
“Our mission is to redefine the financial landscape using
blockchain technology to dramatically improve the performance and
experience of payment services,” said Roel Boers, CEO and
Co-Founder, Nocks. “The experience begins at registration, and we
wanted to make it as easy as possible for new users to access
services so they can grow their businesses and improve their
financial lives. We also wanted to ensure compliance with
regulatory demands, so our users and beneficiaries are protected
without impacting the user experience.”
“There is no doubt that blockchain technology will transform the
financial services industry,” said Rene Hendrikse, Managing
Director for EMEA at Mitek. “By introducing digital Know Your
Customer (KYC) checks, innovative fintech companies like Nocks can
demonstrate that the blockchain is not only transformational, but
safe and secure for customers and the wider industry alike.”
About Nocks
Nocks is a blockchain-based payments platform that is committed
to redefine the financial landscape. To achieve this Nocks utilises
numerous qualities of the Gulden blockchain and relies on
automation, customisation and seamless integration of their payment
solutions into existing infrastructure. For a better performance
and experience in (mobile) payments. Blockchain offers a great
opportunity to work both standalone and together with the existing
banking and payment infrastructure. Nocks develops and delivers the
tools that enrich the lives of many everyday users, entrepreneurs,
traders and developers.
About Mitek
Mitek (NASDAQ:MITK) is a global leader in mobile capture and
identity verification software 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 5,900 organisations and used by more than 80 million
consumers. For more information, visit www.miteksystems.com or
www.miteksystems.co.uk. (MITK-F)
Mitek Press Contact:Nicole LouisCCgroup for
Mitekmitek@ccgrouppr.com +44 203 824 9200
Mitek Investor Contact:MKR Group Investor
RelationsTodd Kehrli or Jim Byers+1 323 468
2300mitk@mkr-group.com
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