Mitek Systems was founded in San Diego in 1986 and has since grown into a provider of digital identity verification, fraud prevention, and mobile check deposit technology. The company serves over 7,000 organisations worldwide and has verified more than 1.3 billion identities to date. Its technology relies on image analytics, optical character recognition, computer vision, machine learning, and biometrics.
Mitek invented the first Mobile Deposit solution in 2008 - the technology that allows consumers to deposit cheques by photographing them with a smartphone. The company has since analysed 8.8 billion mobile cheques, and 99% of U.S. banks rely on its mobile deposit technology. Millions of consumers use it routinely.
The company's current product portfolio spans several distinct problem areas:
- MiVIP – an identity verification platform
- MiPass – a biometric authentication product
- Check Fraud Defender – a tool for detecting and preventing cheque fraud
- Mobile Deposit – the original mobile cheque deposit solution
Mitek operates globally, with its roots in San Diego, and its client base is concentrated primarily in financial institutions and banks.