Collaborate Disseminate
Mitek announced the acquisition of UK’s KYC (know your customer) technology pioneers, HooYu. The acquisition helps to ensure businesses know the true identity of their customers by linking biometric verification with real-time bureau and sanction datab… Continue reading Mitek acquires HooYu for £98 million to help businesses combat fraud
Mitek introduced Check Fraud Defender, an artificial intelligence-powered, cloud-hosted consortium for financial institutions to counteract check fraud. An important addition to a financial institution’s fraud-fighting protocols, Check Fraud Defender h… Continue reading Mitek Check Fraud Defender protects against sophisticated check fraud attacks
Mitek announced that it has acquired ID R&D, a provider of artificial intelligence (AI)-based voice and face biometrics and liveness detection. Shareholders of ID R&D will be entitled to receive up to $49 million in Mitek stock and cash as cons… Continue reading Mitek acquires ID R&D to provide protection against identity theft and dangerous fraud techniques
While total combined fraud losses climbed to $56 billion in 2020, identity fraud scams accounted for $43 billion of that cost. Traditional identity fraud losses totaled $13 billion, Javelin Strategy & Research reveals. With traditional fraud, cons… Continue reading Total combined fraud losses climbed to $56 billion in 2020
Most of us probably don’t think of buying a bottle of wine as a security risk. However, we inadvertently give away our address, surname, nationality and signature – unnecessarily – every time we buy alcohol. In proving our age, which only requires our … Continue reading Why data privacy will be the catalyst for digital identity adoption
A typical European bank, serving 10 million customers, could save up to €10 million annually and avoid growing fines by the regulator by implementing technology to improve the ‘Know Your Customer’ (KYC) processes, according to new research from Mitek a… Continue reading How fraud prevention tech can save banks €10M a year