Mitek Partners With IdentityMind Global to Provide Worldwide ID Document Verification for Emerging Fintech Businesses

SAN DIEGO, Feb. 11, 2016 -- Mitek (NASDAQ:MITK) (www.miteksystems.com), a global leader in mobile capture and identity verification software solutions, announced today a partnership with IdentityMind Global, a provider of risk management solutions for digital commerce, to add Mitek’s Mobile Verify™ to IdentityMind’s Fraud Prevention and Risk Management platform.

“The ability to verify physical documents is an important tool for validating the identity of unbanked, underbanked or international customers,” said Garrett Gafke, president and CEO, IdentityMind Global. “We are excited to partner with Mitek to provide this fully integrated service within the platform so our customers will have certainty their users are presenting genuine, unaltered ID documents digital financial services.”

IdentityMind Global clients are now able to add a plugin to their mobile application or web service, allowing the end user to take a picture or upload a document file to be evaluated as part of their onboarding application. Once Mitek has verified the authenticity of a document, IdentityMind evaluates the information in the document and applies it for data validation and reputation analysis. The results then become an integral part of the identity’s eDNA™ (digital identity), which can be leveraged by all clients in the IdentityMind network.

“We use IdentityMind and document verification to prevent fraudulent users from onboarding onto our application, and comply with worldwide AML requirements.”
- Katie Sokalsky, CFO, BitGold

“Mitek’s Mobile Verify was selected by IdentityMind Global for its unmatched ability to read passports, driver’s licenses, and national IDs cards from almost every country around the world,” said James B. DeBello, president and CEO, Mitek. “We are pleased to play a role in strengthening IdentityMind Global’s reach internationally, and to help their many clients spot users with stolen or forged documents, before it becomes an issue.”

For more information about the partnership, or how to add instant document verification to your identity verification program, view the video here, or contact IdentityMind at [email protected] or [email protected].

About IdentityMind Global

IdentityMind Global™ pioneered digital identities for ecommerce. Their on-demand platform provides identity-based payments, risk management, fraud prevention and anti-money laundering services for Acquiring Banks, Payment Processors, Gateways, Payment Service Providers (PSP/ISO/MSP,IPSP), Digital Currency Exchanges, Financial Institutions (Banks, Money Service Businesses (MSBs), Money Transmitters, Online Lenders) and e-Commerce Merchants.

The IdentityMind™ platform provides real-time risk management using patent-pending Electronic DNA (eDNA™) technology to track the different entities (consumers, merchants, cardholders, payment wallets, alternative payment methods, etc.) involved in every transaction. These entities are tracked over time to build payment reputations, which are used to evaluate fraud, merchant account applications, consumer account origination, identity verification services, potential money laundering, and more. These reputations are shared during analysis so everyone can benefit from the “network effect” while protecting the privacy of all entities involved.

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 4,500 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.

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Mitek Contact:
Ann Reichert
Senior Director of Marketing
[email protected]

Katherine Verducci
MIX Public Relations
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Mitek Investor Contacts:
Todd Kehrli or Jim Byers
MKR Group, Inc.
[email protected]