SAN DIEGO and PARIS, May 23, 2018 (GLOBE NEWSWIRE) -- Mitek (NASDAQ:MITK) (www.miteksystems.com), a global leader
in digital identity verification solutions, today announced Mobile Deposit® Version 4.7. The upgraded Mobile Deposit integrates newly acquired
A2iA’s award winning artificial intelligence (AI) and machine learning-based software, CheckReader, into Mitek’s flagship product.
This newest version of Mitek’s patented Mobile Deposit will feature A2iA’s handwritten and printed text recognition to help reduce
deposit fraud that costs financial institutions millions of dollars every year.
“As the original pioneers of Mobile Deposit, we continue to invest in state-of-the-art features for our partners and customers,”
said Michael E. Diamond, SVP and General Manager, Payments, Mitek. “With the integration of A2iA’s CheckReader technology for
handwriting recognition and data extraction, we continue to push the boundaries of what was originally thought possible for Mobile
Deposit’s performance and usability, for both financial institutions and consumers.”
Mobile Deposit® Version 4.7 is expected to be available by the end of Q2 2018.
About Mitek
Mitek (NASDAQ:MITK) is a global leader in identity verification 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
