Mitek brings the future to business with patented solutions and intuitive technologies that bridge the physical and digital worlds. Our leadership in identity verification, including facial biometrics, image capture technology and ID card verification enables customers to confidently onboard users, verify identities within seconds and strengthen security against cybercrimes. Mitek products power and protect millions of identity evaluations as well as mobile deposits every day, around the world.

Target market

• Banks/FS

• Fintech

• Brokers

• Crypto exchange/Blockchain and crypto companies

• Merchants/Marketplaces (regulated entities)

Contact details

www.miteksystems.com

Geographical presence

US, Europe, LATAM

Year founded

1986

Investors

NASDAQ [MTEK]

Member of industry association and/or initiatives

Biometrics Institute, ISO/IEC 30107-3 compliant

Company's motto

Digital identity verification trusted the world over 

CORE SOLUTION

Digital identity verification through identity document authentication and facial biometrics comparison with liveness detection.

Fraud and financial crime hub - decisioning platform

Yes

Transaction fraud

Yes

Account fraud

Yes

ATM fraud

No

Financial crime data provider and intelligence

No

AML transaction monitoring

No

KYC/CDD

Yes

KYC remediation

Yes

Digital identity service provider

Yes

Identity verification 

Yes

Authentication

Yes

Technology

On-premises

No

Cloud-enabled, native cloud, hybrid

No

Native cloud

Yes

Hybrid

No

DATA INPUT: Identity verification capabilities

Identity document scanning

Yes – proprietary

Video scanning

Yes – proprietary

Personally Identifiable Information (PII) validation

Yes – proprietary

Small transaction verification

Yes – proprietary

Email verification

No

Phone verification

No

Social verification

No

Credit check

No

Compliance check

No

DATA INPUT: Online authentication capabilities 

Behavioural biometrics

No

Physical biometrics

Yes – proprietary

Device fingerprinting

No

Geo-location

No

Remote access detection

No

Mobile app push

No

3-D Secure 2.0

No

Hardware token

No

SMS One-time passwords

No

Knowledge-Based Authentication

No

DATA INPUT: Intelligence - Data

Stateless Data Ingestion and Augmentation

No

METHODOLOGY: Machine Learning

Rule-Based

No

Supervised ML

Yes

Unsupervised ML

Yes

Hybrid

No

METHODOLOGY: Decisioning

Manual review

Yes

Case management

Yes

Decision orchestration

Yes

BUSINESS MODEL: Pricing and Services

Pricing model

SaaS. Per transaction pricing.

Managed service

Yes

Training & Support

Yes

CLIENTS

Main clients/references

MONEYGRAM, EXPERIAN, CAIXA BANK

Case studies

https://www.miteksystems.com/innovation-hub/case-studies

Awards

Mitek Awarded 30th Patent for Mobile Capture Innovation

Future developments

Expanding and improving the use cases across the identity access management lifecycle