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Mitek can now help Banks & FIs to Instantly Verify Authenticity of US Driver’s License for KYC; Coming soon adding Facial Recognition

Headquartered in San Diego, CA, Mitek is a leading innovator of mobile capture and identity solutions for customer acquisition. Mitek’s mobile photo technology enables consumers to use the camera as a keyboard to reduce friction for mobile check deposits, account opening, insurance quoting, payments and ID document authentication. In June 2015, Mitek acquired IDchecker, a global provider of cloud-based identity document verification and facial recognition solutions. The acquisition broadens Mitek’s global presence, expands document coverage to more than 3,500 document types and adds international customers in payments, financial services & information services.

The LTP team had the pleasure of meeting Sarah Clark, VP of Product at Mitek, at the Money20/20 2015 conference in Las Vegas and were shown a demo of the company’s instant ID document verification solution, Photo Verify, as well as the company’s facial recognition capabilities which will be available next year. These two factors of authentication help businesses optimize mobile channels for customer acquisition and payments while mitigating risk.

With Photo Verify and facial recognition, businesses can quickly and easily verify that a mobile user’s identity document is authentic and that they are the person pictured on that document, said Michael Hagen, Managing Director and Corporate ID Strategist at Mitek.

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