SAN DIEGO and LONDON, Feb. 07, 2017 (GLOBE NEWSWIRE) -- 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
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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
