SAN DIEGO and LONDON, March 29, 2017 (GLOBE NEWSWIRE) -- Mitek (NASDAQ:MITK) (www.miteksystems.com), a global leader in mobile capture and identity verification software
solutions and Artilium, a leading MVNO/MVNE solution provider in Europe, announced today that the companies have closed a preferred
partnership to offer identity solutions to the telecom market. Artilium has integrated Mitek’s identity solutions to streamline the
consumer registration process for prepaid mobile phone SIM cards to meet the European legal requirements.
“Although some European citizens have electronic IDs, the clear majority still prefer to use their traditional, physical ID
documents,” said Bart Weijermars, Chief Executive Officer of Artilium. “New anti-terrorism laws forbid anonymous prepaid
mobile phones, and many of our telecom customers are concerned about losing customers if the registration process is too
cumbersome. Mitek offers an elegant solution that makes the registration process incredibly simple for consumers, enabling them to
use their physical documents for digital registration and ID verification.”
As a MVNO/MVNE solution provider, Artilium introduced the Know Your Customer (KYC) solution for secure and easy identification
and authentication of mobile prepaid customers. Mitek’s identity products simplify the process consumers must undertake to register
a pre-paid mobile phone or SIM card with a telecom services provider. Mitek’s technology expedites the application process with
data pre-fill while enabling identity verification for regulatory compliance.
“Mandatory SIM card registration regulations are a direct response to the use of pre-paid phones to commit acts of terrorism,”
said James DeBello, Chairman and CEO, Mitek. “Our products enable Artilium to let legitimate customers easily register with mobile
services, which is key to their expansion into new markets throughout Europe as more countries pass similar laws for SIM card
registration.”
About Artilium
Artilium is a demonstrated leader in the development of next generation communication technologies. Artilium's strategy focuses on
supporting its customers to successfully grow their business by providing flexible, cost effective and innovative solutions.
Artilium's innovation-driven strategy empowers telecom operators around the globe to face the tremendous challenges ahead. We
combine next-generation technology with traditional telecom environments to create exciting new business opportunities for our
customers. This ensures that our customers are able to keep up with rapidly evolving market demands while simultaneously growing
their businesses. Today, multiple renowned national and international telecommunication companies rely on Artilium to deliver
voice, text and data services to about 1.5 Million end users every day. Artilium PLC is a publicly listed software company on the
London Stock Exchange (LSE/AIM: ARTA).
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 tens of millions of consumers
for mobile check deposit, new account opening, insurance quoting, and more. 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
