Mitek, Asignio partner to deliver complete identity-as-a-service solution

October 24, 2017 - 

Mitek has partnered with Asignio to provide a complete identity-as-a-service (IDaaS) solution.

By providing identity verification combined with biometric authentication, Asignio and Mitek are able to enter new markets and explore new market verticals.

The companies will provide verified identity, secure authentication, and improved user experience all in one IDaaS package, helping customers meet the security needs of their users while complying with new and upcoming regulations.

“Combining Mitek’s ID verification capabilities with Asignio’s easy-to-use, handwriting-based authentication system provides secure biometric authentication tied to a valid identity,” said Kyle Rutherford, CEO of Asignio Inc. “Mitek’s deep understanding and expertise in identity verification complements Asignio’s 3-factor authentication, allowing for continuous KYC that complies with upcoming AML regulations and reduces fraud.”

The partnership meets the requirements introduced by many new and upcoming regulatory challenges presented by legislation including GDPR, PSD2, and AMLD4.

Unlike current security features that may have been compromised by recent breaches, Asignio and Mitek said that their combined biometric authentication and identity verification capabilities can establish identity without relying on compromised data.

The combined IDaaS solution secures digital identity with strong authentication, preventing fraud while protecting the customer’s privacy and identity.

“Offering verified identity, secure authentication, and improved user experience all in one − creates the industry’s most robust IDaaS solution,” said Sarah Clark, senior vice president of products at Mitek. “We look forward to working with Asignio to bring this unique solution to financial services, telecom, travel, and other markets to help them achieve trust, security and compliance in the digital channel.”

Last month, Mitek demonstrated its facial recognition-based mobile lending solution, Mobile Verify for Lending, at the New York Hilton Midtown.

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About Justin Lee

Justin Lee has been a contributor with Biometric Update since 2014. Previously, he was a staff writer for web hosting magazine and website, theWHIR. For more than a decade, Justin has written for various publications on issues relating to technology, arts and culture, and entertainment. Follow him on Twitter @BiometricJustin.