Mitek acquires HooYu for GBP 98 mln

Friday 25 March 2022 12:43 CET | News

US-based Mitek, a provider of ID verification and fraud prevention, has acquired UK-based KYC technology provider, HooYu, in a GBP 98 million deal.

The acquisition helps to ensure businesses know the true identity of their customers by linking biometric verification with real-time bureau and sanction database checks.

Through this acquisition, organisations gain a more complete picture of the consumer by combining biometrics, ID document validation, geolocation, and identity confidence scoring with real-time data signals such as bureau checks or matches to politically exposed person or sanction lists.

HooYu’s orchestration capabilities will enable Mitek customers to optimise workflows and accelerate the deployment of identity solutions across channels. 

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Keywords: acquisition, merger, fraud prevention, identity verification, KYC
Categories: Fraud & Financial Crime
Countries: United States
This article is part of category

Fraud & Financial Crime