BankTech

Mitek further Expands its Partnership with NCR to bring Mobile Imaging Solutions for Financial Transactions

MEDICI

Mitek is a leading innovator of mobile imaging for financial transactions and identification. The company recently announced that it has expanded its relationship with NCR, a company known for consumer transaction technologies, to include mobile imaging solutions for account opening that features funding and trailing document submission.

Under the terms of the new license agreement made between the two firms, NCR will sell Mitek’s Mobile Photo Account Opening with Mobile Photo Funding and Mobile Photo Documents. The agreement also includes Mitek MiSnap, the company’s revolutionary automatic image capture technology used today by millions of “Mobile Deposit” users.

“Consumers connect, interact and transact with their financial institutions in a wide variety of channels. In order to deliver the highest quality of customer service, banks and credit unions need to be able to deliver a consistent experience throughout the branch, ATM, mobile and online,” said Steve Nogalo, VP & GM of Payment Solutions at NCR, in an official press release. “Mobile account opening provides a convenient and reliable method for engaging customers and further enhancing the value of their mobile banking platforms.”

“NCR has been a very successful Mobile Deposit partner and we are pleased to extend our partnership with them to include solutions for financial services sales,” said James B. DeBello, president and CEO of Mitek, in an official press release. “Being first to offer a great mobile user experience for opening for bank accounts, credit cards, auto loans, and more will give NCR’s customers a competitive advantage in their respective markets.”

NCR will begin offering these solutions immediately. With its software, hardware, and portfolio of services, NCR enables more than 485 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business.

Mitek’s patented mobile photo technology automatically captures images of personal and financial documents and then extracts relevant data. This enables consumers to use the Camera as a ‘Keyboard’ to reduce friction for mobile check deposit, account opening, bill payment, insurance quoting, and many other use cases. This innovative technology is licensed by more than 3,000 organizations and used by tens of millions of consumers enabling increased customer acquisition, retention and operational efficiency.

MEDICI Team

MEDICI

MEDICI Team is a group of content writers, bloggers, journalists, researchers, and editors from the MEDICI team who collaborate to create FinTech insights.

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