Indonesia and Toyota Explore $300M Bioethanol Investment to Boost Renewable Energy Goals 
Anthropic CEO Meets Trump Officials to Discuss Powerful New AI Model Mythos 
Rising Jet Fuel Costs from Iran Conflict Push Airfare Higher Across Europe 
Want to cut your energy bills? Here’s how five experts are doing it 
Tesla Q1 Earnings Preview: Robotaxi Delays and SpaceX Merger Speculation Grow 
SpaceX President Gwynne Shotwell Earns $85.8M as IPO Buzz Grows 
OpenAI's $20 Billion Cerebras Deal Signals Massive AI Infrastructure Push 
Ethiopian Airlines Expands Fleet with New Boeing 787 Dreamliner Order to Boost Global Routes 
John Ternus Signals Apple’s Future with Product-First AI Strategy 
Eli Lilly in Talks to Acquire Kelonia Therapeutics for Over $2 Billion 
How Technology Is Reshaping Modern Business: From Operations to Customer Experience 
Huawei Expands Vietnam Presence Through Strategic Partnership with SHB Bank 
Elon Musk Faces French Probe Over X and Grok Amid Rising U.S.-EU Tensions 
Nidec Stock Rises After Accounting Probe Report Eases Delisting Concerns 
Amazon Expands AI Bet with Up to $25 Billion Investment in Anthropic 
J.P. Morgan Downgrades Essity AB on Rising Costs and Weak Earnings Outlook 
NVIDIA Acquisition Rumors Dismissed by Morgan Stanley as Strategically Flawed 
SAN DIEGO, March 22, 2016 -- Mitek (NASDAQ:MITK) (www.miteksystems.com), a global leader in mobile capture and identity verification software solutions, today announced that a leading lending platform has selected Mitek’s Mobile Fill™ identity capture solution to improve its customer onboarding process. Mobile Fill creates a better user experience by significantly reducing the time it takes to apply for a loan via a mobile app.
“The small businesses and consumers that use online lending platforms want a fast and easy onboarding process,” said Michael Nelson, vice president of global sales, Identity Solutions at Mitek. “Mitek’s Mobile Fill delivers that, providing a significant value proposition for fintech organizations seeking to more efficiently and effectively acquire new customers.”
Adoption of Mitek’s Mobile Fill by lending platforms is expected to grow as online lending is poised to become a $1 trillion market by 2025 according to Foundation Capital. Morgan Stanley reports that in the U.S., online loan origination has doubled every year since 2010, with similar trends globally. Mobile Fill, which can pre-fill any form with accurate personal data in seconds by snapping a photo of a driver license, improves the effectiveness of these platforms by optimizing the user experience on a mobile device.
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 4,700 organizations and used by tens of millions of consumers daily for new account openings, insurance quoting, mobile check deposit and more. For more information, visit www.miteksystems.com. (MITK-F)
Follow Mitek on LinkedIn: http://www.linkedin.com/company/mitek-systems-inc.
Follow Mitek on Twitter: @miteksystems
Connect with Mitek on Facebook: http://www.facebook.com/MitekSystems
See Mitek on YouTube: http://www.youtube.com/miteksystems
Read Mitek’s latest blog post: http://www.miteksystems.com/blog
Mitek Contact: Ann Reichert Senior Director of Marketing [email protected] Investor Contacts: Todd Kehrli or Jim Byers MKR Group, Inc. [email protected]
