Fraud and risk platform DataVisor says it has launched a partnership with identity verification provider Mitek. The collaboration gives financial institutions (FIs) a single-platform check fraud protection service, the companies said in a Tuesday (April 9) news release. “Our vision has always been to create an end-to-end, comprehensive platform...
Despite the growing adoption of digital payment solutions worldwide, financial institutions (FIs) continue to process billions of checks each year, setting the stage for a growing trend: check fraud. Last year, the Financial Crimes Enforcement Network (FinCEN), reported a nationwide surge in check fraud, with a notable 23%...
Digital payments may be growing in popularity, but the use of paper checks persists. So too does check fraud, which reached record levels in 2023. With that in mind, identity verification firm Mitek has introduced MiControl, a fraud management console that works with the company’s Check Fraud Defender. “Despite...
Digital identify verification firm Mitek has acquired HooYu, a U.K. company specializing in know your customer (KYC) technology. “The acquisition helps to ensure businesses know the true identity of their customers by linking biometric verification with real-time bureau and sanction database checks,” Mitek said in...
December 09, 2021
Picture, for a moment, the biometrics you might use every day — perhaps every time you unlock your phone. The thought of bias — exclusion based on race or gender identity — might not enter your mental picture. And why should it? After all, the apps, the machine learning and the algorithms are all acting […]
December 01, 2021
We may all be using them to unlock our smartphones and track our fitness, but when it comes to using biometrics to create secure, seamless customer payment experiences, we have...
October 21, 2021
Hollywood-style image manipulation that used to require a huge investment and a team of talented people with above-average expertise can now be attained by anyone with a smartphone. Developments like...
July 30, 2021
Decentralized finance — DeFi for short — is taking its place among the buzzwords of 2021, where excitement (and depending on where you look, perhaps hype) comes in tandem with...
April 09, 2024
Fraud and risk platform DataVisor says it has launched a partnership with identity verification provider Mitek. The collaboration gives financial institutions (FIs) a single-platform check fraud protection service, the companies said in a Tuesday (April 9) news release. “Our vision has always been to create an end-to-end, comprehensive platform that effectively combats all types of financial fraud,” said Yinglian Xie, […]
February 15, 2024
Digital payments may be growing in popularity, but the use of paper checks persists. So too does check fraud, which reached record levels in 2023. With that in mind, identity...
March 24, 2022
Digital identify verification firm Mitek has acquired HooYu, a U.K. company specializing in know your customer (KYC) technology. “The acquisition helps to ensure businesses know the true identity of their...
June 01, 2021
Digital identity verification company Mitek announced Tuesday (June 1) it has acquired ID R&D, an artificial intelligence (AI)-based voice and face biometrics and liveness detection firm, a move it says will...
