Mitek’s Identity Solution Selected by Consumer Financier to Increase Digital Loan Applications
March 20 2018 - 7:00AM
Mitek (NASDAQ:MITK) (www.miteksystems.com), a global leader in
mobile capture and identity verification software solutions,
announced that a provider of consumer loans to a variety of
industries including home improvement, water treatment and HVAC has
selected Mitek’s technology to accelerate its digital application
process.
“This lender sought to help their dealers and contractors grow
the number of new consumer loans by making it fast and easy to
complete their applications in the digital channel,” said James
DeBello, Chairman and CEO, Mitek. “With Mitek’s technology
integrated into its application, this lender will be able to secure
more new customers and increase revenue.”
Mitek’s solution makes loan applications as easy as a snap of
the camera. Consumers simply use their smartphone camera to take a
picture of their driver’s license or other identity documents to
have their personal information automatically pre-filled into their
application. With loan applications completed in seconds and
unparalleled data accuracy, Mitek’s technology reduces consumer
abandonment, increases approvals and dramatically reduces backend
operational costs for lenders by lessening exception handling.
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 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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Mitek Contact: Ann Reichert Senior Director of
Marketing pr@miteksystems.com
Katherine Verducci MIX Public Relations pr@mix-pr.com
Mitek Investor Contacts: Todd Kehrli or Jim Byers MKR Group,
Inc. mitk@mkr-group.com
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