Mitek named Leader in Javelin Strategy & Research’s 2023 Know Your Customer Solution Scorecard
August 24 2023 - 8:00AM
Business Wire
Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital
identity and fraud prevention, has been named a leader in Javelin
Strategy & Research’s 2023 Know Your Customer Solution
Scorecard. “Know Your Customer (KYC) protocols are the foundation
of robust identity verification and play a crucial role in
safeguarding against identity fraud and financial crimes,” Javelin
said in announcing the scorecard results.
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Mitek named Leader in Javelin Strategy
& Research’s 2023 Know Your Customer Solution Scorecard
(Graphic: Business Wire)
Javelin’s comprehensive report evaluated and ranked top KYC
solution providers catering to the U.S. market, with a focus on
financial institutions.
In addition to its overall leader status, Mitek scored first in
Use Cases, one of the three main categories used in Javelin’s
analysis. Use Cases includes a solution’s applicability to
regulatory compliance initiatives and specific KYC-related
missions.
In its report, Javelin strongly underscored the importance of
dark web scanning capabilities, such as those available to Mitek
Check Fraud Defender customers. Currently only 25% of the companies
Javelin evaluated offer dark web scanning, a percent Javelin called
“shockingly low,” given the importance of dark web scanning in the
fight against online fraud.
“Today’s online criminal networks are adept at buying and
selling even a snippet of a person’s stolen identity information –
perhaps a name, a birth date or a Social Security number – on the
dark web that can be used to create a fake identity that then can
be used for additional online fraud,” said Chris Briggs, Senior
Vice President and Head of Identity for Mitek. “Given the boom in
dark web marketplaces, we believe dark web scanning is an essential
part of providing the enterprise-grade identity protection banks
and financial services require.”
Mitek’s advanced identity verification technologies and global
platform make digital access faster and more secure than ever,
providing companies new levels of control, deployment ease and
operation, while protecting the entire customer journey. Trusted by
99% of U.S. banks for mobile check deposits and 7,800 of the
world’s largest organizations, Mitek helps companies reduce risk
and meet regulatory requirements.
“To be recognized by Javelin, a leading analyst firm, is an
honor,” Briggs said. “Helping companies defend themselves against
online fraud is an ongoing responsibility we take personally.”
Download the Javelin report.
About Mitek
Mitek (NASDAQ: MITK) is a global leader in digital access,
founded to bridge the physical and digital worlds. Learn more at
www.miteksystems.com. Follow Mitek on LinkedIn, Twitter and
YouTube, and read Mitek’s latest blog posts here.
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version on businesswire.com: https://www.businesswire.com/news/home/20230824483777/en/
Media Inquiries: Angela M. Romei, Mitek Senior Director
pr@miteksystems.com
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